In the present paper we study algebraic properties of edge ideals associated with plane curve arrangements via their Levi graphs. Using combinatorial properties of such Levi graphs we are able to describe those monomial algebras being Cohen-Macaulay, Buchsbaum, and sequentially Cohen-Macaulay. We also condsider the projective dimension and the Castelnuovo-Mumford regularity for these edge ideals. We provide effective lower and upper bounds on them. As a byproduct of our study we connect, in general, various Buchsbaum properties of squarefree modules.