2516 Pine Avenue, Mattoon, IL

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 update, not clean. The flexible upstairs room features a generous layout with ample space to build a closet and already has a window making it a straightforward and cost effective conversion to a true 3rd bedroom with minimal additional work required. 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 ample space, the ability to build a closet, and an existing window already in place, it has the key structural elements needed to potentially be converted into a 4th bedroom, further maximizing the home’s income potential and resale value. Buyers are encouraged to verify local code requirements and feasibility prior to purchase. The home currently has 1 bathroom located on the first floor with existing plumbing already in place providing a strong foundation for a potential 2nd bathroom addition, which could significantly increase both the resale value and appeal of the finished property. Buyers are encouraged to verify feasibility and local code requirements prior to purchase. 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.