$1,185 Closing Credit¹
#6230363, Listing Office: Century 21 KIMA Properties
$199,000 List price
1900 Champaign Ave Mattoon, IL 61938
$2,363
Closing credit¹
0.1 acres
Multi-Family
Property details
About 1900 Champaign Ave
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.
Highlights
Home typeMulti Family
HeatingDuctless, Wall Furnace
StatusActive
CoolingDuctless
BasementYes
Lot size0.13 Acres
Year built1953
MLS #6250854
Summary
- MLS Number: 6250854
- MLS Name: CentralIL
- Office Name: All-American Realty
- Office Phone: (217) 345-6300
- Office Email: candy@consolidated.net
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Central Illinois Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Central Illinois Board of Realtors.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 10:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$199,000
1900 Champaign Ave
$2,363
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 17, 2024 | Home Sold | $80,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $47,423 | $3,776 |
| 2022 | $46,639 | $3,776 |
| 2021 | $40,004 | $3,776 |
| 2020 | $41,448 | $3,776 |
| 2019 | $40,004 | $3,719 |
| 2018 | $40,004 | $3,641 |
| 2017 | $40,004 | $3,641 |
History based on county public records data.
Nearby schools
7
Arland D Williams Jr Elementary School
Public District KG-5
1.6 mi
•1709 S 9th St
5
Riddle Elementary School
Public District KG-5
2.0 mi
•4201 Western Ave
5
Carl Sandburg Elementary School
Public District KG-3
9.9 mi
•1924 Reynolds Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,389. Most Mattoon, IL residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
53%
<35k
42%
35k-100k
5%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
52%
Single, No Kids
14%
Single, with Kids
20%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Wal-Mart
Kmart
Where do the neighbors go to eat?
Little Caesars
Sonic
Bob Evans
What do the neighbors drive?
Chevrolet
Oldsmobile
Buick
What do the neighbors listen to?
Country
Contemporary Inspirational- Oldies
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1900 Champaign Ave in Mattoon, IL and zip code 61938. Features: 0 bathroom. It has been listed on Rocket Homes since March 7, 2025 and is currently priced at $199,000.
From Rocket Homes Real Estate and based on county public records data.