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
1101 Wabash Ave Mattoon, IL 1101 Wabash Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 2 baths \| 1,866 sq.ft.	$131,000	Airbnb cash on cash: N/A Traditional cash on cash: 9.87% Airbnb Rental Income: $null Traditional Rental Income: $1740 Airbnb ROI: N/A Traditional ROI: 9.87%
2029 E County Road 250n Mattoon, IL 2029 E County Road 250n, Mattoon, IL 61938 \| Single Family Residential	4 beds \| 2 baths \| 2,107 sq.ft.	$349,900	Airbnb cash on cash: N/A Traditional cash on cash: 2.58% Airbnb Rental Income: $null Traditional Rental Income: $2006 Airbnb ROI: N/A Traditional ROI: 2.58%
7 Mitchell Ave Mattoon, IL 7 Mitchell Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 1 baths \| 1,764 sq.ft.	$217,000	Airbnb cash on cash: N/A Traditional cash on cash: 4.55% Airbnb Rental Income: $null Traditional Rental Income: $1691 Airbnb ROI: N/A Traditional ROI: 4.55%
800 Charleston Ave Mattoon, IL 800 Charleston Ave, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 0.1% Airbnb Rental Income: $915 Traditional Rental Income: $616 Airbnb ROI: -0.17% Traditional ROI: 0.1%
Lot 05 Lerna Rd Mattoon, IL Lot 05 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$44,640	Airbnb cash on cash: 7.36% Traditional cash on cash: 8.06% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: 7.36% Traditional ROI: 8.06%
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: -0.33% Traditional cash on cash: -0.13% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -0.33% Traditional ROI: -0.13%
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: -2.26% Traditional cash on cash: -2.2% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -2.26% Traditional ROI: -2.2%
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: -1.59% Traditional cash on cash: -1.48% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -1.59% Traditional ROI: -1.48%
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: -1.3% Traditional cash on cash: -0.91% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -1.3% 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: -0.33% Traditional cash on cash: 0.26% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -0.33% Traditional ROI: 0.26%
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: -2.41% Traditional cash on cash: -2.24% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -2.41% 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: -1.83% Traditional cash on cash: -1.54% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -1.83% 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: -1.1% Traditional cash on cash: -0.95% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -1.1% Traditional ROI: -0.95%
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: -2% Traditional cash on cash: -1.75% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -2% Traditional ROI: -1.75%
Lot 04 Lerna Rd Mattoon, IL Lot 04 Lerna Rd, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$52,079	Airbnb cash on cash: 5.95% Traditional cash on cash: 7.79% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: 5.95% Traditional ROI: 7.79%
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: 0.4% Traditional cash on cash: 1.13% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: 0.4% 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: -1.61% Traditional cash on cash: -1.27% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -1.61% Traditional ROI: -1.27%
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: 2.45% Traditional cash on cash: 3.59% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: 2.45% Traditional ROI: 3.59%
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: -0.35% Traditional cash on cash: 0.31% Airbnb Rental Income: $915 Traditional Rental Income: $685 Airbnb ROI: -0.35% Traditional ROI: 0.31%
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: 1.19% Traditional cash on cash: 1.49% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: 1.19% Traditional ROI: 1.49%
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: -0.33% Traditional cash on cash: -0.13% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -0.33% Traditional ROI: -0.13%
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: -0.33% Traditional cash on cash: -0.13% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -0.33% 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: -1.6% Traditional cash on cash: -1.49% Airbnb Rental Income: $915 Traditional Rental Income: $606 Airbnb ROI: -1.6% 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: 2.45% Traditional cash on cash: 3.59% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: 2.45% Traditional ROI: 3.59%
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: -0.33% Traditional cash on cash: 0.26% Airbnb Rental Income: $915 Traditional Rental Income: $671 Airbnb ROI: -0.33% Traditional ROI: 0.26%
2901-2909 Marshall Ave Mattoon, IL 2901-2909 Marshall Ave, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$50,000	Airbnb cash on cash: 6.3% Traditional cash on cash: 7% Airbnb Rental Income: $915 Traditional Rental Income: $609 Airbnb ROI: 6.3% Traditional ROI: 7%
1312 Edgar Ave Mattoon, IL 1312 Edgar Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 2 baths \| 1,294 sq.ft.	$110,000	Airbnb cash on cash: N/A Traditional cash on cash: 10.15% Airbnb Rental Income: $null Traditional Rental Income: $1514 Airbnb ROI: N/A Traditional ROI: 10.15%
2413 Moultrie Ave Mattoon, IL 2413 Moultrie Ave, Mattoon, IL 61938 \| Single Family Residential	2 beds \| 1 baths \| 843 sq.ft.	$84,900	Airbnb cash on cash: 2.01% Traditional cash on cash: 8.5% Airbnb Rental Income: $857 Traditional Rental Income: $1066 Airbnb ROI: 2.01% Traditional ROI: 8.5%
3 Apple Dr Mattoon, IL 3 Apple Dr, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 1 baths \| 1,426 sq.ft.	$99,900	Airbnb cash on cash: N/A Traditional cash on cash: 9.21% Airbnb Rental Income: $null Traditional Rental Income: $1298 Airbnb ROI: N/A Traditional ROI: 9.21%
9375 E County Road 550n Mattoon, IL 9375 E County Road 550n, Mattoon, IL 61938 \| Single Family Residential	5 beds \| 4 baths \| 4,800 sq.ft.	$769,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.03% Airbnb Rental Income: $null Traditional Rental Income: $3161 Airbnb ROI: N/A Traditional ROI: 1.03%
1507 Rudy Ave Mattoon, IL 1507 Rudy Ave, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 2 baths \| 1,699 sq.ft.	$199,999	Airbnb cash on cash: N/A Traditional cash on cash: 5.53% Airbnb Rental Income: $null Traditional Rental Income: $1755 Airbnb ROI: N/A Traditional ROI: 5.53%
5158 E County Road 1100n Mattoon, IL 5158 E County Road 1100n, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 2 baths \| 1,576 sq.ft.	$315,000	Airbnb cash on cash: N/A Traditional cash on cash: 2.14% Airbnb Rental Income: $null Traditional Rental Income: $1688 Airbnb ROI: N/A Traditional ROI: 2.14%
3475 E Lake Paradise Rd Mattoon, IL 3475 E Lake Paradise Rd, Mattoon, IL 61938 \| Single Family Residential	2 beds \| 1 baths \| 1,336 sq.ft.	$159,900	Airbnb cash on cash: -0.38% Traditional cash on cash: 4.05% Airbnb Rental Income: $857 Traditional Rental Income: $1202 Airbnb ROI: -0.38% Traditional ROI: 4.05%
909 N 20th St Mattoon, IL 909 N 20th St, Mattoon, IL 61938 \| Single Family Residential	3 beds \| 1 baths \| 1,088 sq.ft.	$135,000	Airbnb cash on cash: N/A Traditional cash on cash: 6.16% Airbnb Rental Income: $null Traditional Rental Income: $1308 Airbnb ROI: N/A Traditional ROI: 6.16%
120 N 14th St Mattoon, IL 120 N 14th St, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$795,000	Airbnb cash on cash: -2.61% Traditional cash on cash: -2.46% Airbnb Rental Income: $915 Traditional Rental Income: $685 Airbnb ROI: -2.61% Traditional ROI: -2.46%
120 N 14th St Mattoon, IL 120 N 14th St, Mattoon, IL 61938 \| Other	N/A beds \| N/A baths \| N/A	$795,000	Airbnb cash on cash: -2.61% Traditional cash on cash: -2.46% Airbnb Rental Income: $915 Traditional Rental Income: $685 Airbnb ROI: -2.61% Traditional ROI: -2.46%
3221 E Lake Paradise Road Mattoon, IL Looking for a place with a view? Check out this 1-2 bedroom Bungalow on Lake Paradise. Sit...	1 beds \| 1 baths \| 807 sq.ft.	$139,000	Airbnb cash on cash: -2.12% Traditional cash on cash: 7.99% Airbnb Rental Income: $403 Traditional Rental Income: $1495 Airbnb ROI: -2.12% Traditional ROI: 7.99%

Real Estate investment in Mattoon, IL

There are 38 properties for sale in the city of Mattoon . The median list price in Mattoon is $113,091 and the average price per square foot is $61. In May 2026, the average monthly cash on cash return in Mattoon is 8.00%. The average monthly rental income in Mattoon is $671.

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

There are 38 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 $671.

Your search for investment property begins and ends here

Investment Property for Sale in Mattoon, IL

1101 Wabash Ave

Mattoon, IL

3 beds | 2 baths | 1,866 sq.ft.

$131,000

Airbnb cash on cash: N/A

Traditional cash on cash: 9.87%

Airbnb Rental Income: $null

Traditional Rental Income: $1740

Airbnb ROI: N/A

Traditional ROI: 9.87%

2029 E County Road 250n

Mattoon, IL

4 beds | 2 baths | 2,107 sq.ft.

$349,900

Airbnb cash on cash: N/A

Traditional cash on cash: 2.58%

Airbnb Rental Income: $null

Traditional Rental Income: $2006

Airbnb ROI: N/A

Traditional ROI: 2.58%

7 Mitchell Ave

Mattoon, IL

3 beds | 1 baths | 1,764 sq.ft.

$217,000

Airbnb cash on cash: N/A

Traditional cash on cash: 4.55%

Airbnb Rental Income: $null

Traditional Rental Income: $1691

Airbnb ROI: N/A

Traditional ROI: 4.55%

800 Charleston Ave

Mattoon, IL

N/A beds | N/A baths | N/A

$165,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 0.1%

Airbnb Rental Income: $915

Traditional Rental Income: $616

Airbnb ROI: -0.17%

Traditional ROI: 0.1%

Lot 05 Lerna Rd

Mattoon, IL

N/A beds | N/A baths | N/A

$44,640

Airbnb cash on cash: 7.36%

Traditional cash on cash: 8.06%

Airbnb Rental Income: $915

Traditional Rental Income: $606

Airbnb ROI: 7.36%

Traditional ROI: 8.06%

Lot 09 Lerna Rd

Mattoon, IL

N/A beds | N/A baths | N/A

$174,339

Airbnb cash on cash: -0.33%

Traditional cash on cash: -0.13%

Airbnb Rental Income: $915

Traditional Rental Income: $606

Airbnb ROI: -0.33%

Traditional ROI: -0.13%

Rt 16 And Miller Rd

Mattoon, IL

N/A beds | N/A baths | N/A

$520,200

Airbnb cash on cash: -2.26%

Traditional cash on cash: -2.2%

Airbnb Rental Income: $915

Traditional Rental Income: $606

Airbnb ROI: -2.26%

Traditional ROI: -2.2%

Lot 22 Lerna Rd

Mattoon, IL

N/A beds | N/A baths | N/A

$310,499

Airbnb cash on cash: -1.59%

Traditional cash on cash: -1.48%

Airbnb Rental Income: $915

Traditional Rental Income: $606

Airbnb ROI: -1.59%