2516 Pine Avenue

Mattoon, IL
$ 29,000 Beds 2 Baths 1 Sq 2,110
Monthly Estimate* How much can I afford?

EXPERIENCED INVESTORS - MATTOON, IL | PRICED TO SELL! NEW PRICE OF JUST $29,000 | LOWEST-PRICED PROPERTY IN MATTOON | READY TO SELL Substantial value-add opportunity at an attractive $29,000 acquisition price of only $13.74/SF. This approximately 2,110-square-foot, 1910-built home provides an experienced investor with the opportunity to renovate, reposition, and create value in a spacious property with a flexible layout. The home features 2 bedrooms, 1 bathroom, a full basement with windows, and a generously sized upstairs flex room with a window, providing potential to add a closet and create a third bedroom. The existing layout may also provide potential for additional bedrooms and bathrooms, subject to buyer verification and local requirements. Sold AS-IS. The heavy lifting has already been done. The property is vacant, the eviction process has been completed, and the interior and exterior cleanout is finished, allowing the next owner to move directly into the renovation and repositioning phase. Clean, insurable title is also in place and ready for its new owner. Potential exit strategies include renovation and resale, rental, or long-term investment, depending on the buyer's objectives and renovation plan. Now priced at just $29,000 and ready for its next owner. An attractive entry point for an investor seeking a value-add opportunity in Mattoon, with a new price of just $29,000 and the heavy lifting already completed.

Active

  • Price
  • $ 29,000
  • City
  • Mattoon
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • COLES
  • Half Bathrooms
  • 0
  • Area
  • Confidential Commercial Listings
  • Lot Size
  • 0.07 Acres
  • Zip
  • 61938
  • Sqr Footage
  • 2,110
  • Year Built
  • 1907
  • Taxes
  • $ 1543
  • Style
  • MLS#
  • 12585954
Listed By: Beycome Brokerage Realty LLC
Data Source: Midwest Real Estate Data (MRED)

Features

General

Living Area 2110
Sewer Unknown
Heating Natural Gas
Cooling Central Air
Possession Negotiable
Roof Shake
Association Fee Includes None
Construction Materials Frame
Year Built 1907
Township Coles County
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Coles
New Construction No
Property Type Residential
Total Rooms 6
Full Baths 1
Status Active
Directions Drive west on Broadway Ave. Right to South 21st St. Left to Commercial Ave. Keep right to take Pine Ave. Property is on the right.
City Mattoon
MLS Area Confidential Commercial Listings
Tax Annual Amount 1543
Standard Status Active
Property Type Detached Single

Interior Features

Basement Unfinished,Full
Total Bedrooms 2
Room Type No additional rooms
LivingAreaSource Landlord/Tenant/Seller
Total Baths 1
Bedrooms Possible 2

Exterior Features

Water Source Public
Foundation Details Other
Lot Dimensions 300x100
OwnerPhone 321-978-3158
Lot Size Acres 0.07
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Chicago, IL office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

3/7/2026 Listed $46,000
3/19/2026 9% - $42,000
5/12/2026 8% - $39,000
7/6/2026 6% - $37,000
8/14/2026 11% - $33,000
9/17/2026 13% - $29,000

Property vs Zip Code Average in 61938

Price
AVG $210K
$30K
Taxes
AVG $2,917
$1,543
Year Built
AVG 1944
1907
Visits
AVG 1
120
Data Provided by Inside Real Estate®

Areas That We Cover

2516 Pine Avenue Mattoon, IL is a Single Family Home for sale at $29000 with 2110 sqft and a lot size of 0.07 Acres Acre(s). 2516 Pine Avenue Mattoon has 2 bedrooms, 1 baths and was built in 1907. The property's zip code is 61938 which is in Mattoon, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

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Lisa Richards

Lisa Richards

773-681-0711

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