Bring your tools. This original 8-unit apartment building is an excellent opportunity for investors looking for strong returns. With rising rental demand in our community, this property is set to deliver a high ROI, once all the units are fully updated.
When fully renovated the potential annual income could easily be over $70,000. This property will cash flow for a savvy investor. The property comes with a garage for storage and an easily accessible basement for more storage.
There are already many building materials purchased for this property that will go with the building. They include sheetrock for at least one unit, a bunk of baseboard and another bunk of crown molding for the building ($15k), 8- mini splits and accessories for heating and cooling ($6k).
This investment property has 8 units ready for your special touch. The return on investment will be good when every unit is fully remodeled. The After Repair Value (ARV) will be $360,000. The roof has been replaced and a few units have all new electrical. There is great value in this property.
Selling 2 parcels together (the building and the vacant lot next to it) 07-1-03258-000; 07-2-10035-000.
When fully renovated the potential annual income could easily be over $70,000. This property will cash flow for a savvy investor. The property comes with a garage for storage and an easily accessible basement for more storage.
There are already many building materials purchased for this property that will go with the building. They include sheetrock for at least one unit, a bunk of baseboard and another bunk of crown molding for the building ($15k), 8- mini splits and accessories for heating and cooling ($6k).
This investment property has 8 units ready for your special touch. The return on investment will be good when every unit is fully remodeled. The After Repair Value (ARV) will be $360,000. The roof has been replaced and a few units have all new electrical. There is great value in this property.
Selling 2 parcels together (the building and the vacant lot next to it) 07-1-03258-000; 07-2-10035-000.
Property Details
Price:
$199,000
MLS #:
6250854
Status:
Active
Beds:
0
Baths:
0
Address:
1900 Champaign Avenue
Type:
Single Family
Subtype:
MultiFamily
Subdivision:
Original Town
City:
Mattoon
Listed Date:
Mar 7, 2025
State:
IL
ZIP:
61938
Lot Size:
5,663 sqft / 0.13 acres (approx)
Year Built:
1953
See this Listing
Mortgage Calculator
Schools
School District:
Mattoon Dist. 2
Interior
Appliances
Gas Water Heater
Cooling
Ductless
Heating
Ductless, Wall Furnace
Exterior
Construction Materials
Wood Siding
Roof
Shingle
Financial
Tax Year
2023
Taxes
$4,192
Map
Community
- Address1900 Champaign Avenue Mattoon IL
- SubdivisionOriginal Town
- CityMattoon
- CountyColes
- Zip Code61938
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1900 Champaign Avenue
Mattoon, IL
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