2505 Pine Ave

Mattoon, IL 61938

$2,275,000
Price
—
Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with a yard

Description

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.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 for 2505 Pine Avenue

Area
Confidential Commercial Listings
LISTING UPDATED: 11/13/2025 12:07 AM

Property Details for 2505 Pine Avenue

StatusActive
MLS #12459016
Days on Market110
Taxes$20,655 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Rooming House/Sro
Year Built1975
Lot Size0.69 AC / 30,000 SF
CountyColes County

Location

Listing Courtesy of SVN | North Star
Add your commute

Building Information for 2505 Pine Avenue

Stories2Residences13Year Built1975Building Size-Lot Size0.69 AC / 30,000 SF

Payment Calculator

$12,963 per month

30 year fixed, 6.28% Interest

Principal and Interest

$11,242

Property Taxes

$1,721

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2505 Pine Avenue

General Information
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Heat/Ventilation: Other
  • Num of Baths: 0.0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Rooming House/SRO
  • Lot Dimensions: 300 x 100
  • Stories: 2
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 13
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Maintenance Expense: $.00
  • Janitor Expense: 0
  • Total Monthly Income: 0
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 0
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2505 Pine Avenue

DateEvent & SourcePriceAppreciation
Nov 7, 2025

Price Change

MRED #12459016

$2,275,000—
Aug 26, 2025

Listed (Active)

MRED #12459016

$2,590,000—
May 21, 2021

Sold (Public Record)

Public Record #1462638819

$380,000

+2.4% / yr

Oct 1, 2008

Sold (Public Record)

Public Record #1092131454

$283,000—
DateEvent & SourcePrice
11/07/2025

Price Change

MRED #12459016

$2,275,000
08/26/2025

Listed (Active)

MRED #12459016

$2,590,000
05/21/2021

Sold (Public Record)

Public Record #1462638819

$380,000

+2.4% / yr

10/01/2008

Sold (Public Record)

Public Record #1092131454

$283,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2505 Pine Avenue

Taxable ValueLand$7,477Additions$235,415Total$242,892
Home Facts
Lot Size18,295 SqFtStyleMulti-Family Res (5+ Units)CountyCOLESAPN07-2-11151-000

Schools near 2505 Pine Avenue

This home is within Mattoon Community Unit School District 2.
Rating
School
Type
Grades
Distance
Riddle Elementary School
Public - K to 5
Neil Armstrong Program/Hawthorne
Public - 7 to 12
Mattoon High School
Public - 9 to 12
Mattoon Regional Innovation Center
Public - 11 to 12
Rating
School
Distance
Riddle Elementary School
PublicK to 5

Neil Armstrong Program/Hawthorne
Public7 to 12

Mattoon High School
Public9 to 12

Mattoon Regional Innovation Center
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2505 Pine Avenue, Mattoon, IL 61938

2505 Pine Avenue is a multi-family home for sale in Mattoon, IL 61938. This property was listed for sale on August 26, 2025 by SVN | North Star, it's currently listed at $2,275,000. It has been on the market for a total of 110 days and was last sold on May 21, 2021. This listing's school district is Mattoon Community Unit School District 2. Nearby schools include Riddle Elementary School, Neil Armstrong Program/Hawthorne and Mattoon High School. 2505 Pine Avenue is a 0-bed, 0-bath, multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SVN | North Star

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/13/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.