BEDS4
BATHS2 full
SQUARE FEET2,224
MLS#12512361
STATUSActive
PROPERTY TYPEResidential - Single Family
SCHOOLDistrict 2
Property Description
Experienced Investor Opportunity - Classic Victorian with Tremendous Upside Potential. Classic Victorian-era home built in 1891, featuring approximately 2,224 sq ft of living space on a 7,000 sq ft lot - situated directly across from historic Cunningham Park in Mattoon. Currently configured as a 3-bed, 2-bath, this two-story property has the potential to convert into a 5-bedroom layout. The upstairs loft includes a window and could be enclosed as an additional bedroom, while the main-level dining room could also become a bedroom, with the oversized living room providing ample space for a dining area. Interior and exterior clean-out is complete, allowing your renovation team to start immediately. Some renovation work has already been started, giving the next owner a head start. Priced at $35,000, this property requires a full renovation. Major repair items include a new roof, electrical updates, AC, and foundation repair, among others. The spacious 7,000 sq ft lot also presents additional opportunities to further increase value and income potential. There is ample room to add a 2-car garage, a mother-in-law suite, or an ADU (Accessory Dwelling Unit), giving the right investor even more flexibility to maximize their return on this property. This property carries the charm and character of a true piece of history, originally built in 1891 - yet it is not subject to any historic preservation restrictions. This means you have complete freedom to renovate, modernize, and redesign the home exactly to your vision without board approvals, preservation guidelines, or additional red tape. Located minutes from downtown, schools, shopping, and local amenities. ARV is conservative and based on a 3-bedroom, 2-bathroom renovation only. Adding a 4th or 5th bedroom, a 2-car garage, a mother-in-law suite, or an ADU has the potential to significantly increase the ARV beyond this estimate, creating even greater upside for the right investor.
Property Features
Property Type: Residential - Single Family
Basement: Finished, Full
Basement: Yes
Cooling: None
Heating: None
Home Style: Victorian
Lot Size: 0.16 Acres
Roof Type: Shake
Taxes: $1,790
Year Built: 1891
Amenities
1st Floor Full Bath
Dining Combo
Feature Descriptions
Additional rooms: No additional rooms
Association Includes: None
Dining Room: Separate
Exterior: Wood Siding
Laundry: In Kitchen
Lot Dimensions: 50x140
Parcel#: 07103402000000
Sewer: Other
Total Rooms: 8
Township: Mattoon
Water: Public
Room Sizes
Bedroom 2: 12X13
Bedroom 3: 10X12
Bedroom 4: 16X15
Dining Room: 15X13
Family Room: 17X15
Kitchen: 11X12
Laundry: 9X11
Living Room: 17X15
Primary Bedroom: 17X15
Local Schools
School District: District 2
Listed By / Shown By
Listed By
Agency Name: Homecoin.com
Agency Phone: 888-400-2513
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
Estimate Your Payment
Estimated Payment
$ 237.27 per month $77.89 Principal & Interest $149.17 Property Tax $10.21 Homeowner's InsuranceChange Payment Information
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1205 Champaign Avenue | MLS# 12512361
This single family home located at 1205 Champaign Avenue, Mattoon, IL 61938 is currently listed for sale with an asking price of $35,000. This property was built in 1891 and has 4 bedrooms and 2 full baths with 2224 sq. ft. Champaign Avenue is located within the District 2 school district. Search Mattoon real estate on www.bhhscrosby.com today.