2516 Pine Ave, Mattoon, IL 61938
FOR SALE

2516 Pine Ave
Mattoon, IL 61938

  • 2 Beds
  • 1 Bath
  • 2,110 sqft

$42,000

Original price: $46,000
Est. Mortgage $358/mo*

$42,000

Original price: $46,000
Est. Mortgage $358/mo*
2 Beds
1 Bath
2,110 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

High-Upside Investment Opportunity | 2BR/1BA Today, 3-4BR Potential | 2,100+ Sq Ft | Mattoon, IL Attention investors and rehab buyers-this value-add opportunity is ready for its next owner. This spacious 2BR/1BA home features over 2,100 sq ft of living space, providing a large footprint at an attractive price point with strong upside potential. The property has already been fully cleared inside and out, saving significant time and clean-out costs so renovations can begin immediately. The upstairs includes a flexible layout with ample space to add a closet and an existing window, making it a straightforward conversion to a true 3rd bedroom. The basement presents additional potential with usable space and a window already in place, creating the possibility for further expansion, subject to buyer verification and local code requirements. The home currently has one bathroom on the main level, with existing plumbing that may support the addition of a second bathroom, adding to both resale value and long-term rental potential. With over 2,100 sq ft, this property is larger than many comparable homes in the area, allowing multiple exit strategies including resale or rental. Recent comparable 3-bedroom homes in the area have sold in the $175,000-$210,000 range. Supporting market data available upon request. Sold AS-IS. Quick close available. Serious inquiries only.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$20
Listed
60 days ago

Home Details for 2516 Pine Ave

Active Status

MLS Status: Active

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 6Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 2110 Square Feet
Heating & Cooling
Heating: Natural GasHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Stories: 1.5Accessibility: No Disability Access

Exterior Features

Exterior Home Features
Roof: ShakeFoundation: Other
Frontage
Not on Waterfront
Water & Sewer
Sewer: Unknown

Days on Market

Days on Market: 60

Property Information

Year Built
Year Built: 1907
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: FrameNot a New Construction
Property Information
Parcel Number: 07211009000

Price & Status

Price
List Price: $42,000Price Per Sqft: $20
Status Change & Dates
Possession Timing: Negotiable

Location

Direction & Address
City: Mattoon

Agent Information

Listing Agent
Listing ID: 12585954

Building

Building Area
Building Area: 2110 Square Feet

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 3049.2 sqft

Listing Info

Special Conditions: Standard

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12585954

Additional Information

Source Internet Entire Listing DisplayMRD IDX Comments Reviews: NoMRD Listing On IDX Display: YesMRD AVM On IDX Display: NoMRD Address On VOW Display: YesMRD Price History On IDX Display: YesMRD Market Time On IDX Display: YesSource Internet Address DisplayMRD REMARKSINTERNET: YesMRD Remarks On VOW Display: Yes
Last check for updates: 34 minutes ago
Listing courtesy of: Misael Chacon, (804) 656-5007
Beycome brokerage realty LLC
Source: MRED as distributed by MLS GRID, MLS#12585954

Price History for 2516 Pine Ave

DatePriceEventSource
03/19/2026$42,000PriceChange
MRED as distributed by MLS GRID #12585954
03/07/2026$46,000Listed For SaleMRED as distributed by MLS GRID #12585954

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Property Tax and Assessment

Year2024
Tax$1,543
Assessment$54,297
Home facts updated by county records

Comparable Sales for 2516 Pine Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.19
Single-Family Home
$48,000
09/04/25
2
1
802
0.04
Single-Family Home
$200,000
09/24/25
3
2.5
1,800
0.04
Single-Family Home
$42,000
10/27/25
3
2
1,916
0.25
Single-Family Home
$77,500
03/17/26
2
1
1,026
0.19
Single-Family Home
$115,000
07/24/25
3
1
1,400
0.25
Single-Family Home
$52,000
11/20/25
2
1
962
0.15
Single-Family Home
$130,000
03/09/26
3
1
836
0.04
Single-Family Home
$203,000
05/23/25
5
2
2,456

Assigned Schools

These are the assigned schools for 2516 Pine Ave.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Mattoon

At least 54 Trulia users voted on each feature.
  • 100 % Say parking is easy

  • 88 % Say car is needed

  • 84 % Say yards are well-kept

  • 82 % Say it's dog friendly

  • 71 % Say there are sidewalks

  • 69 % Say kids play outside

  • 67 % Say people would walk alone at night

  • 64 % Say it's quiet

  • 64 % Say there's holiday spirit

  • 57 % Say neighbors are friendly

  • 57 % Say streets are well-lit

  • 52 % Say there's wildlife

  • 47 % Say they plan to stay for at least 5 years

  • 45 % Say it's walkable to grocery stores

  • 40 % Say it's walkable to restaurants

  • 27 % Say there are community events

Learn more about our methodology.
  • Prosine
    "The neighborhood is of a diverse racial and cultural makeup. There are baseball, softball, football fields. Parks, restaurants, mini golf and other activities within blocks. "
  • Prosine
    "Parks, ballparks, skateboard park, mini golf. Festivals at nearby parks. Farmers market. Discount stores. Mexican, Japanese, Italian and Chinese restaurants."
  • Prosine
    "minimal commute time if you work here. if you work out of town, you can expect 30 mins to over an hour."
  • Mmclark13
    "We just moved here in June of 2018 and we love it! Small town feel with a lot of community amenities "
  • Joshgarvin78
    "Hoodlums. Watch your kids. Most are terrible and completely unattended by their parents, cussing and being destructive. "
  • Heather B.
    "Very quiet. Out in the country but very close to town. Close to major roads leading to neoga, Mattoon, Shelbyville, etc. "
  • Fbcmac
    "l have lived in this neighborhood for 18 year's it's quite and nice to live in all the neighbors are very nice and lookout for each other. I love it here "
  • Maey C.
    "I have lived here for 18 years used to be a quiet naborhood .still a good naberhood just alittle Noisey now"

LGBTQ Local Legal Protections

Misael Chacon, Beycome brokerage realty LLC
Agent Phone: (804) 656-5007
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Click here for more information
2516 Pine Ave, Mattoon, IL 61938 is a 2 bedroom, 1 bathroom, 2,110 sqft single-family home built in 1907. This property is currently available for sale and was listed by MRED as distributed by MLS GRID on Mar 7, 2026. The MLS # for this home is MLS# 12585954.