Coldwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Real Estate Group
Property view
Listing view 2
Listing view 3

1509 Lafayette Avenue, 
Mattoon, IL 61938

$85,000


Bed


Bath


-

Sq Ft


Townhouse

Pending

Listed by

Jennifer Swensen

Century 21 Kima Properties

217-258-6621

Last updated:

November 6, 2025, 11:09 AM

MLS#

6255823

Source:

IL CIBOR

About This Home

1509 Lafayette Avenue

Investor’s Opportunity – Updated Tri-Plex with Major Renovations Complete! This tri-plex investment property offers an incredible opportunity for income generation with three distinct units — a spacious 3-bedroom, 2-bathroom unit, a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. Each unit includes convenient washer and dryer hookups, appealing to long-term tenants and owner-occupants alike. One unit is fully finished, while the remaining two are under construction, allowing you to complete them to your own specifications and increase rental income potential. The heavy lifting has already been done — this property features a new roof, new windows, new heating and air systems, updated electrical, and new plumbing throughout. Perfect for investors looking for a project with strong upside potential, this property combines modern updates, multiple income streams, and tremendous long-term value.

Home Facts

Townhouse

Built in 1891

Price Summary

85,000

MLS #:

6255823

Last Updated:

November 6, 2025, 11:09 AM

Added:

12 day(s) ago


Structure

Structure

Year Built:

1891


Lot

Lot Size (Sq. Ft):

10,454


Finances & Disclosures

Finances

Price:

$85,000

Source:IL CIBOR
The information being provided by Central Illinois Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Central Illinois Board Of REALTORS® Mls All rights reserved.

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

 

Contact an Agent

Yes, I would like more information from Coldwell Banker. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs.

By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.