1301/1305 Lafayette Ave, Mattoon, IL, 61938
About This Home
ADD to your portfolio with this fully leased 16-unit, 2-building property! Centrally located, within walking distance of needed amenities, this complex is very desirable for tenants - A rare offering. Make your appointment to invest in your future!
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1988
Materials
- Roof: Composition
- Construction materials: Wood Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Electric Water Heater,Microwave,Range,Refrigerator
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
Features
- Finished area above ground: 0
Heating & Cooling
- Heating features: Electric,Radiant
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 0
Property
Details
- Parcel number: 07106038000&6037
- Zoning: R-3
- Special condition: None
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.32 Acres
- Lot size dimensions: 100 x 140
Parking
- Total spaces: 8
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 8
- Covered spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Earthquake
- Hail
- Heat Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Illinois Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $5,031 | $60,372 |
| Home Insurance * | $1,107 | $13,284 |
| Property Taxes | $1,426 | $17,112 |
| Electricity | $130 | $1,569 |
| Total | $7,694 | $92,328 |
Income You'd Need if You Spent...
Illinois FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-01 | Price change | $995,000 |
| 2026-03-17 | Price change | $1,150,000 |
| 2026-01-11 | Listed for sale | $1,200,000 |
| 2021-05-18 | Sold | $400,000 |
| 2021-03-31 | Pending sale | $400,000 |
| 2021-03-17 | Listed for sale | $400,000 |
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