An attractive opportunity for investors, this fully managed multi-family property combines vintage charm with consistent cash flow. Consisting of two 2-story duplexes on a corner lot, providing tenants with comfortable living spaces featuring hardwood floors, large windows, and practical kitchens. This duplex built in 1907 at 1218 S 16th is an upstairs 2 bed 1 bath unit , while 1220 S 16th is a 2 bed, 1 bath ground floor unit. The duplex at 1514 and 1512 Oklahoma was built in 1942. Each are ground-floor units with living room, eating area, and kitchen on the main level, bedrooms and baths are upstairs. Both buildings offer two washer dryer hookups. Located in a residential neighborhood close to downtown amenities. This property provides the convenience of off-street parking and easy access for tenants. Whether you’re seeking to expand your portfolio or invest in a low-maintenance asset, this property delivers both value and potential for growth.
Sold for $177,500 on 09/27/24
$177,500
1512 Oklahoma Ave, Mattoon, IL 61938
8beds
4baths
3,598sqft
Duplex, Quadruplex, Multi Family
Built in 1907
-- sqft lot
$194,000 Zestimate®
$49/sqft
$1,081 Estimated rent
Home value
$194,000
$132,000 - $287,000
$1,081/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 27, 2024 at 07:25am
Listed by:
Thomas Hildebrand 217-258-4663,
Coldwell Banker Classic Real Estate
Bought with:
Julie Willingham, 471018711
Premier Realtors
Source: CIBR,MLS#: 6243700
Originating MLS: Central Illinois Board Of REALTORS
Originating MLS: Central Illinois Board Of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Dryer, Dishwasher, Gas Water Heater, Range, Refrigerator, Washer
Features
- Windows: Replacement Windows
- Basement: Unfinished,Full,Sump Pump
Interior area
- Total structure area: 3,598
- Total interior livable area: 3,598 sqft
- Finished area above ground: 3,598
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Shed
Lot
- Size: 6,969 sqft
- Dimensions: 50 x 140
Details
- Additional structures: Shed(s)
- Parcel number: 07212772000
- Zoning: R-1
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Quadruplex, Multi Family
Materials
- Brick, Other
- Foundation: Basement
- Roof: Shingle
Condition
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Mattoon
- Subdivision: Noyes 4th Add
Other
Other facts
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 9/27/2024 | Sold | $177,500-2.5%$49/sqft |
Source:  CIBR #6243700 | ||
| 8/31/2024 | Pending sale | $182,000$51/sqft |
Source: CIBR #6243700 | ||
| 8/26/2024 | Listed for sale | $182,000+45.6%$51/sqft |
Source: CIBR #6243700 | ||
| 7/8/2024 | Listing removed | -- |
Source: Zillow Rentals | ||
| 6/26/2024 | Listed for rent | $800 |
Source: Zillow Rentals | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,445 +7.7% | $52,299 +12% |
| 2023 | $4,128 +2.8% | $46,696 +1.7% |
| 2022 | $4,016 -0.3% | $45,924 +8.9% |
Find assessor info on the county website
Neighborhood: 61938
Nearby schools
GreatSchools rating
- 7/10Arland D Williams Jr Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Mattoon Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Mattoon High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Mattoon Dist. 2
Source: CIBR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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