2505 Pine Avenue
Mattoon, IL 61938
$1,999,000
Reduced $591,000List Price
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About This Property
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.
Property Details
Key Facts
Price reduced
$1,999,000
−$276,000
Apr 17, 2026
Price reduced
$2,275,000
−$315,000
Nov 8, 2025
Listed for sale
MLS #MRD12459016
$2,590,000
Aug 29, 2025
Mortgage Estimate
$11,829
/monthLocation
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2505 Pine Avenue, Mattoon, IL 61938
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Listing data is provided in part by Midwest Real Estate Data LLC (MRED). Information is deemed reliable but not guaranteed accurate and should be independently verified. Properties may be listed by brokerages other than Abode Real Estate. © 2026 Midwest Real Estate Data LLC. All rights reserved.
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