2516 Pine Avenue

Mattoon, Illinois 61938

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.