High-Upside Investment Opportunity | 2BR/1BA Today, 3-4BR Potential | 2,100+ Sq Ft | Mattoon, IL Attention investors and rehab buyers-this value-add opportunity is ready for its next owner. This spacious 2BR/1BA home features over 2,100 sq ft of living space, providing a large footprint at an attractive price point with strong upside potential. The property has already been fully cleared inside and out, saving significant time and clean-out costs so renovations can begin immediately. The upstairs includes a flexible layout with ample space to add a closet and an existing window, making it a straightforward conversion to a true 3rd bedroom. The basement presents additional potential with usable space and a window already in place, creating the possibility for further expansion, subject to buyer verification and local code requirements. The home currently has one bathroom on the main level, with existing plumbing that may support the addition of a second bathroom, adding to both resale value and long-term rental potential. With over 2,100 sq ft, this property is larger than many comparable homes in the area, allowing multiple exit strategies including resale or rental. Recent comparable 3-bedroom homes in the area have sold in the $175,000-$210,000 range. Supporting market data available upon request. Sold AS-IS. Quick close available. Serious inquiries only.
Listed By
Agency Name: Beycome brokerage realty LLC
Agency Phone: 804-656-5007
Shown By
Agent Name: Vickie Krueger
Agent Phone: (815) 243-0293
Agency Title: Dickerson & Nieman Realtors
Estimated Payment
$ 234.31 per month $93.47 Principal & Interest $128.58 Property Tax $12.25 Homeowner's Insurance
2516 Pine Avenue | MLS# 12585954
This single family home located at 2516 Pine Avenue, Mattoon, IL 61938 is currently listed for sale with an asking price of $42,000. This property was built in 1907 and has 2 bedrooms and 1 full baths with 2110 sq. ft. Search Mattoon real estate on vickiekrueger.dickersonnieman.com today.