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2505 Pine Avenue Mattoon, IL $ 2,275,000
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$ 2,275,000 Get more info
2505 Pine Avenue
$ 2,275,000
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Share Save

2505 Pine Avenue

Mattoon, IL, 61938
$ 2,275,000
Baths0.0

Monthly Estimate*

$ 14,193

2505 Pine Avenue, Mattoon, IL 61938 - Image 1
Studio

Multi-Family Home for sale in Mattoon, IL

for $2,275,000. This home was built in 1975.

This is a portfolio sale that covers 13 parcels across Mattoon and Charleston with a mix of multifamily and single-family rentals. The package includes 22 multifamily units across two addresses plus 11 single-family homes ranging from duplexes to 3-, 4-, 5-, and 6-bedroom properties. All units are currently tenant-occupied and producing income, delivering an in-place 10 cap.

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Multi-Family Active

Price

$ 2,275,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 20,655

Style

Year Built

1975

Town/City

Mattoon

County/Region

Coles

MLS | Web ID

12459016
Features
General
Year Built 1975
Stories Count 2
Tax Year 2024
Gross Income 0
County Coles
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 0
Status Active
Directions I-57 then follow US-45 S to Dewitt Ave in Mattoon Take N 21st St and Commercial Ave to Pine Ave
City Mattoon
Number Of Units Total 13
MLS Area Confidential Commercial Listings
Tax Annual Amount 20655
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Lot Dimensions 300 x 100
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* Excluded Features
List By
Svn | North Star

Broker

getty.greer@svn.com

Email

Affordability Calculator

$15,914
Per Month
89%
11%
0%
Monthly Principal & Interest
$14,193
Monthly Property Taxes
$1,721
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/8/2025$2,275,000 -12.16% Price Down
8/29/2025$2,590,000 Listed Price

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2505 Pine Avenue, Mattoon, IL, 61938 is a Multi-Family Home for sale at $2,275,000. 2505 Pine Avenue is a studio with 0.0 baths and was built in 1975. The property's zip code is 61938 which is in Mattoon, IL

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