1205 Champaign Avenue, Mattoon, IL 61938
Local realty services provided by:CENTURY 21 North East
1205 Champaign Avenue,Mattoon, IL 61938
$33,000
- 3 Beds
- 2 Baths
- 2,224 sq. ft.
- Single family
- Active
Listed by: jonathan minerick
Office: homecoin.com
MLS#:12512361
Source:MLSNI
Price summary
- Price:$33,000
- Price per sq. ft.:$14.84
About this home
Investor Opportunity - One of the best price-per-square-foot investment opportunities currently available under $35,000 in Mattoon. Well suited for experienced investors seeking a complete renovation project. With a price of just $14.84 per square foot, this approximately 2,224-square-foot Victorian home delivers exceptional value with substantially more living space than many homes that have recently sold in the area. Homes of this size and architectural character at this price point are becoming increasingly difficult to find, making this an outstanding opportunity for experienced investors seeking a large-scale value-add renovation project. Built in 1891, this classic Victorian home retains the timeless charm and architectural character that make historic homes highly sought after once restored, while allowing the next owner to renovate, modernize, and redesign to their vision-without historic preservation restrictions, board approvals, or architectural review requirements. Ideally situated directly across from historic Cunningham Park, one of Mattoon's oldest and most established parks, the expansive front porch enjoys beautiful unobstructed park views with no front neighbors, creating a setting that is increasingly difficult to find. The home currently offers 3 bedrooms and 2 bathrooms with a flexible floor plan that provides multiple value-add possibilities. The existing dining room has the potential to become an additional bedroom, while the upstairs loft may be enclosed to create a fifth bedroom. The approximately 7,000-square-foot lot also provides additional possibilities for a detached garage, workshop, accessory dwelling unit (ADU), or mother-in-law suite. The heavy lifting has already been completed, with the interior and exterior clean-out finished, saving the next owner valuable time and effort before renovation begins. With approximately 2,224 sq ft of living space, the home's size, architectural character, flexible layout, and generous lot provide a strong foundation for a complete renovation. Recent comparable sales of renovated homes with similar square footage support a conservative after-repair value (ARV) in the $175,000 range, with a potential ARV of approximately $185,000 to $195,000 or more depending on the quality of the renovation, final bedroom and bathroom configuration, and market conditions. Few opportunities offer the ability to acquire over 2,200 sq ft for just $33,000 while leaving substantial room for renovation and investor profit. Supporting comparable sales, renovation concepts, and value analysis are available upon request. A rare opportunity to acquire a spacious Victorian renovation project where the heavy lifting has already been completed....
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Home facts
- Year built:1891
- Listing ID #:12512361
- Updated:July 29, 2026 at 11:39 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:7
- Dining Description:Separate Dining Room
- Basement Description:Finished, Full
- Living area:2,224 sq. ft.
Structure and exterior
- Roof:Shake
- Year built:1891
- Building area:2,224 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Victorian
- Foundation Description:Wood
- Levels:2 Story
Utilities
- Water:Public
Finances and disclosures
- Price:$33,000
- Price per sq. ft.:$14.84
- Tax amount:$1,790 (2024)
Copyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed. MLSNI Member Broker: Nate BrownNew listings near 1205 Champaign Avenue
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