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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Mattoon, IL
$ 169,000
ROI
58.1
Cash Flow/m
1805- 5 Bed
- 6 Bath
- 1518 sft
2204 Western Ave, Mattoon, IL, 61938
$ 124,900
ROI
31.4Cash Flow/m
406- - Bed
- - Bath
- - sft
1612 Lafayette Ave, Mattoon, IL, 61938
Currently Rented
Rental Income
$ 139,000
ROI
27.4Cash Flow/m
295- 3 Bed
- 2 Bath
- - sft
2305 Richmond Ave, Mattoon, IL, 61938
$ 139,900
ROI
27.5Cash Flow/m
302- - Bed
- - Bath
- - sft
2502 Pine Ave, Mattoon, IL, 61938
Why Invest in Mattoon, Illinois?
Investing in multi-family properties in Mattoon, IL offers a unique opportunity for real estate investors. With a strong rental market, you can expect a solid average rent and attractive cash flow. Mattoon's growing economy, supported by local employers, enhances the potential for property appreciation and stability in rental yields.
9%
Avg. ROI
7%
Rental Yield
8%
Cap Rate
$300/mo
Avg. Cash Flow
$950/mo
Avg. Rent
4%
1Y Appreciation
Frequently Asked Questions
The average rental rate for properties in Mattoon is around $950 per month, which is competitive for the area.
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