NEW! Buy and sell safely with virtual options - Learn More
About the Listing 88068 - 1019426
One of the best price-per-square-foot investment opportunities currently available under $40,000 in Mattoon. With a square footage price of just 17.50 this approximately 2,110-square-foot property delivers exceptional value with substantially more living space than many homes that have recently sold in the area. Homes of this size at this price point are becoming increasingly difficult to find, making this an exceptional investment for experienced investors seeking a large-scale value-add renovation project. Built in 1910, this spacious home currently features 2 bedrooms, 1 bathroom, an existing kitchen, full bathroom, and established utility connections. The flexible floor plan allows for the creation of a third bedroom by adding a closet to the existing flex room, while the full basement with windows provides additional space with the potential for a fourth bedroom, expanded living area, home office, recreation room, or additional storage. The heavy lifting has already been done, with the interior and exterior clean-out completed, saving the next owner valuable time and expense before renovation begins. With approximately 2,110 square feet of living space, the home's size and flexible layout provide a strong foundation for a complete renovation. Based on a conservative comparable sales analysis, the projected after-renovation value is approximately 160k, with potential to exceed 180k depending on the final layout, bedroom and bathroom configuration, quality of renovation, and current market conditions. Supporting comparable sales and renovation concepts are available upon request. Property is being sold AS-IS. A rare opportunity to acquire a spacious full rehab project where the heavy lifting has already been done.
Listing Highlights
Status
Active
Days on Site
131
Property Type
Residential
MLS ®
12585954
Year Built
1907
Total Square Footage
2,110
Lot/Acreage
0.07
County
Coles
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond: Central Air
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Unfinished,Full
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 300x100
- Roof: Shake
- Others:
- Sewer: Unknown
Financial Details
- Tax Amount: $1,543
- Taxes w/Assessments: N/A
- Tax/Property ID: 07211009000
- Tax Year: 2024
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2516 Pine Ave Mattoon, IL 61938
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
