For Sale
$130,000

1020 Wabash Ave Mattoon, IL 61938

Six-unit apartment building, excellent cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a six-unit multifamily property situated on a 0.16-acre lot at 1020 Wabash Ave, Mattoon, Illinois, 61938. The property comprises two buildings. The north building features two spacious two-bedroom, one-bathroom units, while the south building offers four one-bedroom, one-bathroom units. Each unit currently commands a monthly rent of $500, generating a substantial monthly income stream. All utilities, including water, Ameren (electricity and gas), and trash removal, are included in the rent, minimizing landlord responsibilities and maximizing net operating income. The asking price for this turnkey investment is $130,000. This property is ideally suited for an investor seeking a stable, cash-flowing asset in a desirable location. The property's strong rental history and included utilities make it a low-maintenance, high-return investment. This is a rare opportunity to acquire a well-maintained multifamily property in a thriving market. Don't miss out on this chance to add a valuable asset to your portfolio. Serious inquiries only.

Highlights

  • $130,000 asking price.
  • Multifamily property with six units.
  • Located at 1020 Wabash Ave, Mattoon, IL 61938, on a 0.16-acre lot.
  • Two buildings: one with two 2-bedroom/1-bath units, the other with four 1-bedroom/1-bath units.
  • All six units rent for $500/month, including water, utilities, and trash.

Property Details for 1020 Wabash Ave

Property type
Land, Apartment buildings
Lot Size (sq. ft)
6,970 SF
Units
6

Location Insight

City
Mattoon
County
Coles
State
Illinois
Latitude
39.4807157
Longitude
-88.366767

FAQs

What type of property is this?
Land - Six-unit apartment building, excellent cash flow.
Where is the land located?
The property is located at 1020 Wabash Ave Mattoon, IL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: $130,000 asking price.; Multifamily property with six units.; Located at 1020 Wabash Ave, Mattoon, IL 61938, on a 0.16-acre lot.
How can I contact the broker?
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1020 Wabash Ave
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