Property Description

High-Upside Investment Opportunity | 2BR/1BA | 2,100+ Sq Ft | Mattoon, IL Attention investors and rehab buyers this is the value-add deal you have been looking for. This generously sized 2BR/1BA home delivers over 2,100 sq ft of living space in Mattoon, IL, presenting a rare chance to acquire a large footprint at an attractive price point with significant upside potential. The property has already been fully cleared inside and out saving the next owner thousands in clean-out costs and weeks of prep time. You come in ready to build, not clean. The flexible upstairs room provides a straightforward path to a 3BR conversion, which could meaningfully increase both the resale value and income potential. At 2,100+ sq ft, this home is larger than most comparable properties in the area, giving you more to work with and more value to unlock upon completion. The basement presents an additional value-add opportunity with the right finishing work, it could be converted into a recreation room, additional living space, or potentially a 4th bedroom. Buyers are encouraged to verify local code requirements. The Mattoon market is strong with consistent demand for renovated single family homes. Comparable 3BR properties in the area have recently demonstrated strong resale values ranging from $175,000 to $210,000. Supporting market data including comparable sales and area research is available upon request. Sold AS-IS. Quick close available. Serious inquiries only this one won't last.

Property Features