2516 Pine AVE, Mattoon, IL 61938
2516 Pine AVE, Mattoon, IL 61938
2516 Pine AVE, Mattoon, IL 61938
2516 Pine AVE, Mattoon, IL 61938
2516 Pine AVE, Mattoon, IL 61938
2516 Pine AVE, Mattoon, IL 61938
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Brad Myers

Brad Myers

+1(847) 361-3728
$ 37,000
Est. payment | /mo

2 Beds

1 Bath

2,110 SqFt

Save
$ 37,000
Est. payment | /mo
Save

2 Beds

1 Bath

2,110 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached Single

Listing Status Active

Purchase Type For Sale

Square Footage 2,110 sqft

Price per Sqft $17

MLS Listing ID 12585954

Bedrooms 2

Full Baths 1

Year Built 1907

Annual Tax Amount $1,543

Tax Year 2024

Lot Size 3,049 Sqft

Lot Dimensions 300x100

Property Sub-Type Detached Single

Property Description

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.

Location

State IL

County Coles

Area Confidential Commercial Listings

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas

Cooling Central Air

Fireplace N

Exterior

Roof Type Shake

Building

Dwelling Type Detached Single

Building Description Frame, No

Sewer Unknown

Water Public

Level or Stories 1.5 Story

Structure Type Frame

New Construction false

Others

HOA Fee Include None

Ownership Fee Simple

Special Listing Condition Standard

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Jeffrey Sklar of  Beycome Brokerage Realty LLC 
Brad Myers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(847) 361-3728

bradmyers@beyondhorizonsteam.com

3826 Trillium Trail, Elgin, Illinois 60124, Elgin, Illinois, 60124, USA

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2516 Pine AVE