Real Estate Investment Properties for Sale in Mattoon, IL

Looking for investment property in Mattoon, IL with high ROI ?

Explore a variety of short-term homes & houses in Mattoon, IL. Invest wisely with VRBO & Mattoon, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Mattoon, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3112 Oak Ave Mattoon, IL Welcome home to this charming gem on beautiful, tree-lined Oak Avenue! You'll love the ori...	2 beds \| 1 baths \| 952 sq.ft.	$159,900	Airbnb cash on cash: 2.23% Traditional cash on cash: 6.59% Airbnb Rental Income: $1148 Traditional Rental Income: $1433 Airbnb ROI: 2.23% Traditional ROI: 6.59%
3816 Western Ave Mattoon, IL Timeless elegance abounds in this stunning English Tudor, offering the space and character...	4 beds \| 2 baths \| 3,677 sq.ft.	$259,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.2% Airbnb Rental Income: $null Traditional Rental Income: $1372 Airbnb ROI: N/A Traditional ROI: 2.2%
3028 N County Road 150e Rd Mattoon, IL 3028 N County Road 150e Rd, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 2 baths \| 1,920 sq.ft.	$329,900	Airbnb cash on cash: N/A Traditional cash on cash: 0.58% Airbnb Rental Income: $null Traditional Rental Income: $1277 Airbnb ROI: N/A Traditional ROI: 0.58%
2713 Moultrie Ave Mattoon, IL 2713 Moultrie Ave, Mattoon, IL 61938 \| Single Family Residential	2 beds \| 1 baths \| 806 sq.ft.	$115,000	Airbnb cash on cash: 2.87% Traditional cash on cash: 4.77% Airbnb Rental Income: $1148 Traditional Rental Income: $979 Airbnb ROI: 2.87% Traditional ROI: 4.77%
421 Dewitt Ave Mattoon, IL 421 Dewitt Ave, Mattoon, IL 61938 \| Single Family Residential	4 beds \| 2 baths \| 1,445 sq.ft.	$115,000	Airbnb cash on cash: N/A Traditional cash on cash: 8.31% Airbnb Rental Income: $null Traditional Rental Income: $1372 Airbnb ROI: N/A Traditional ROI: 8.31%
916 Piatt Ave Mattoon, IL 916 Piatt Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 1 baths \| 1,352 sq.ft.	$179,900	Airbnb cash on cash: N/A Traditional cash on cash: 3.69% Airbnb Rental Income: $null Traditional Rental Income: $1277 Airbnb ROI: N/A Traditional ROI: 3.69%
2608 Shelby Ave Mattoon, IL 2608 Shelby Ave, Mattoon, IL 61938 \| Single Family Residential	2 beds \| 1 baths \| 1,428 sq.ft.	$89,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 7% Airbnb Rental Income: $1148 Traditional Rental Income: $979 Airbnb ROI: 4.57% Traditional ROI: 7%
1904 Dewitt Ave Mattoon, IL 1904 Dewitt Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 1 baths \| 984 sq.ft.	$80,000	Airbnb cash on cash: N/A Traditional cash on cash: 11.87% Airbnb Rental Income: $null Traditional Rental Income: $1277 Airbnb ROI: N/A Traditional ROI: 11.87%
800 Charleston Ave Mattoon, IL 800 Charleston Ave, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$189,000	Airbnb cash on cash: 0.5% Traditional cash on cash: -0.57% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 0.5% Traditional ROI: -0.57%
Lot 09 Lerna Rd Mattoon, IL Lot 09 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$174,339	Airbnb cash on cash: 1.65% Traditional cash on cash: 0.25% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 1.65% Traditional ROI: 0.25%
Rt 16 And Miller Rd Mattoon, IL Rt 16 And Miller Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$520,200	Airbnb cash on cash: -1.59% Traditional cash on cash: -2.06% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -1.59% Traditional ROI: -2.06%
Lot 22 Lerna Rd Mattoon, IL Lot 22 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$310,499	Airbnb cash on cash: -0.47% Traditional cash on cash: -1.26% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -0.47% Traditional ROI: -1.26%
Lot 02 Lerna Rd Mattoon, IL Lot 02 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$263,387	Airbnb cash on cash: 0.02% Traditional cash on cash: -0.91% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 0.02% Traditional ROI: -0.91%
Lot 16 Lerna Rd Mattoon, IL Lot 16 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$174,339	Airbnb cash on cash: 1.65% Traditional cash on cash: 0.25% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 1.65% Traditional ROI: 0.25%
Lot 19 Lerna Rd Mattoon, IL Lot 19 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$609,840	Airbnb cash on cash: -1.83% Traditional cash on cash: -2.24% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -1.83% Traditional ROI: -2.24%
Lot 21 Lerna Rd Mattoon, IL Lot 21 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$361,787	Airbnb cash on cash: -0.86% Traditional cash on cash: -1.54% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -0.86% Traditional ROI: -1.54%
Lot 07 Lerna Rd Mattoon, IL Lot 07 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$237,837	Airbnb cash on cash: 0.36% Traditional cash on cash: -0.67% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 0.36% Traditional ROI: -0.67%
Lot 20 Lerna Rd Mattoon, IL Lot 20 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$412,943	Airbnb cash on cash: -1.16% Traditional cash on cash: -1.76% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -1.16% Traditional ROI: -1.76%
Lot 06 Lerna Rd Mattoon, IL Lot 06 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$138,718	Airbnb cash on cash: 2.87% Traditional cash on cash: 1.13% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 2.87% Traditional ROI: 1.13%
Lot 24 Lerna Rd Mattoon, IL Lot 24 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$312,362	Airbnb cash on cash: -0.49% Traditional cash on cash: -1.28% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: -0.49% Traditional ROI: -1.28%
Lot 11 Lerna Rd Mattoon, IL Lot 11 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$87,058	Airbnb cash on cash: 6.3% Traditional cash on cash: 3.58% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 6.3% Traditional ROI: 3.58%
Lot 15 Lerna Rd Mattoon, IL Lot 15 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$175,836	Airbnb cash on cash: 1.61% Traditional cash on cash: 0.22% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 1.61% Traditional ROI: 0.22%
Lot 03 Lerna Rd Mattoon, IL Lot 03 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$113,091	Airbnb cash on cash: 4.2% Traditional cash on cash: 2.08% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 4.2% Traditional ROI: 2.08%
2100 Western Ave Mattoon, IL 2100 Western Ave, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$159,900	Airbnb cash on cash: 2.08% Traditional cash on cash: 0.56% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 2.08% Traditional ROI: 0.56%
Lot 14 Lerna Rd Mattoon, IL Lot 14 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$174,386	Airbnb cash on cash: 1.65% Traditional cash on cash: 0.25% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 1.65% Traditional ROI: 0.25%
Lot 17 Lerna Rd Mattoon, IL Lot 17 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$174,339	Airbnb cash on cash: 1.65% Traditional cash on cash: -0.13% Airbnb Rental Income: $1309 Traditional Rental Income: $606 Airbnb ROI: 1.65% Traditional ROI: -0.13%
Lot 23 Lerna Rd Mattoon, IL Lot 23 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$310,896	Airbnb cash on cash: -0.47% Traditional cash on cash: -1.49% Airbnb Rental Income: $1309 Traditional Rental Income: $606 Airbnb ROI: -0.47% Traditional ROI: -1.49%
Lot 10 Lerna Rd Mattoon, IL Lot 10 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$87,200	Airbnb cash on cash: 6.29% Traditional cash on cash: 3.58% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 6.29% Traditional ROI: 3.58%
Lot 08 Lerna Rd Mattoon, IL Lot 08 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$174,339	Airbnb cash on cash: 1.65% Traditional cash on cash: 0.25% Airbnb Rental Income: $1309 Traditional Rental Income: $670 Airbnb ROI: 1.65% Traditional ROI: 0.25%
720 S 25th St Mattoon, IL 720 S 25th St, Mattoon, IL 61938 \| Single Family Residential	2 beds \| 1 baths \| 884 sq.ft.	$89,000	Airbnb cash on cash: 4.57% Traditional cash on cash: 7% Airbnb Rental Income: $1148 Traditional Rental Income: $979 Airbnb ROI: 4.57% Traditional ROI: 7%

Real Estate investment in Mattoon, IL

There are 30 properties for sale in the city of Mattoon . The median list price in Mattoon is $111,000 and the average price per square foot is $77. In January 2026, the average monthly cash on cash return in Mattoon is 8.00%. The average monthly rental income in Mattoon is $979.

Mattoon, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 30 investment properties available for sale in Mattoon.

In 2026, the best neighborhood to buy investment property is Mattoon.

The ROI for Long-Term is higher than the Short-Term in Mattoon with average rental income of $979.

Your search for investment property begins and ends here

Investment Property for Sale in Mattoon, IL

3112 Oak Ave

Mattoon, IL

2 beds | 1 baths | 952 sq.ft.

$159,900

Airbnb cash on cash: 2.23%

Traditional cash on cash: 6.59%

Airbnb Rental Income: $1148

Traditional Rental Income: $1433

Airbnb ROI: 2.23%

Traditional ROI: 6.59%

3816 Western Ave

Mattoon, IL

4 beds | 2 baths | 3,677 sq.ft.

$259,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.2%

Airbnb Rental Income: $null

Traditional Rental Income: $1372

Airbnb ROI: N/A

Traditional ROI: 2.2%

3028 N County Road 150e Rd

Mattoon, IL

3 beds | 2 baths | 1,920 sq.ft.

$329,900

Airbnb cash on cash: N/A

Traditional cash on cash: 0.58%

Airbnb Rental Income: $null

Traditional Rental Income: $1277

Airbnb ROI: N/A

Traditional ROI: 0.58%

2713 Moultrie Ave

Mattoon, IL

2 beds | 1 baths | 806 sq.ft.

$115,000

Airbnb cash on cash: 2.87%

Traditional cash on cash: 4.77%

Airbnb Rental Income: $1148

Traditional Rental Income: $979

Airbnb ROI: 2.87%

Traditional ROI: 4.77%

421 Dewitt Ave

Mattoon, IL

4 beds | 2 baths | 1,445 sq.ft.

$115,000

Airbnb cash on cash: N/A

Traditional cash on cash: 8.31%

Airbnb Rental Income: $null

Traditional Rental Income: $1372

Airbnb ROI: N/A

Traditional ROI: 8.31%

916 Piatt Ave

Mattoon, IL

3 beds | 1 baths | 1,352 sq.ft.

$179,900

Airbnb cash on cash: N/A

Traditional cash on cash: 3.69%

Airbnb Rental Income: $null

Traditional Rental Income: $1277

Airbnb ROI: N/A

Traditional ROI: 3.69%

2608 Shelby Ave

Mattoon, IL

2 beds | 1 baths | 1,428 sq.ft.

$89,000

Airbnb cash on cash: 4.57%

Traditional cash on cash: 7%

Airbnb Rental Income: $1148

Traditional Rental Income: $979

Airbnb ROI: 4.57%

Traditional ROI: 7%

1904 Dewitt Ave

Mattoon, IL

3 beds | 1 baths | 984 sq.ft.

$80,000

Airbnb cash on cash: N/A

Traditional cash on cash: 11.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1277

Airbnb ROI: N/A