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

1900 Champaign Avenue, 
Mattoon, IL 61938

$189,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Vance Oliver

All-American Realty

217-345-6300

Last updated:

April 19, 2025, 02:41 PM

MLS#

6250854

Source:

IL CIBOR

About This Home

1900 Champaign Avenue

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.

Home Facts

Multi-Family

Built in 1953

Price Summary

189,000

MLS #:

6250854

Last Updated:

April 19, 2025, 02:41 PM

Added:

1 month(s) ago


Structure

Structure

Year Built:

1953


Lot

Lot Size (Sq. Ft):

5,663


Finances & Disclosures

Finances

Price:

$189,000

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.