Closed

$410,000

305 Elizabeth Street, Tolono, IL 61880
8 Beds4 Baths14 days
305 Elizabeth Street·Tolono, IL 61880
8Bedrooms
4Bathrooms
1965Year Built
About This Home

Investment Opportunity: Fully Leased Four-Unit Apartment Building in Tolono, IL We are pleased to present this well-maintained, brick exterior apartment building in Tolono, IL, just south of the vibrant Champaign-Urbana area. This property, which boasts a long history of full occupancy, offers four spacious 2-bedroom, 1-bathroom units, each approximately 782 SF. The units feature large kitchens and inviting living areas, making them highly desirable for tenants. Included with the property is a five-car garage along with a shared laundry facility that generates supplementary revenue. The building has been locally owned and carefully managed, with a new roof installed just 10 years ago. Property has well maintained landscaping. Tolono's strong rental market presents an excellent opportunity for future rent growth, making this a prime addition to any investment portfolio. Don't miss out on this well-established, income-generating property with long-term potential. Additional photos coming soon. Tours require 24-hour tenant notice.

MLS# 12358713Listed May 7, 2025Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Garage Spaces5
Year Built1965
Lot Size71' X 142'

Location

CountyChampaign
TownshipTolono
Zip Code61880

Financial

List Price$410,000
Annual Taxes (2024)$5,125
Monthly Tax Est.$427
Parcel #292625303003
Interior Features

Heating

Natural GasElectric

Basement

None
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Parking

On SiteGarage OwnedAttachedGarage
Schools
Elementary
Unity West Elementary School
District: 7
Middle School
Unity Junior High School
District: 7
High School
Unity High School
District: 7
Tax & Financial
Annual Taxes
$5,125
Tax Year 2024
Monthly Tax Est.
$427
per month
Property Location

305 Elizabeth Street, Tolono, IL 61880 — Champaign County

$410,000
305 Elizabeth Street
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
14 days on market
5-car garage
71' X 142'
$5,125/yr taxes
$2,582
estimated monthly payment
Principal & Interest
$2,155/mo
Property Tax
$427/mo
$410,000
20% — $82,000
3%50%
6.875%
3%12%
Loan Amount
$328,000
Down Payment
$82,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
GUTH & ASSOCIATES,LLC
Agent: Jill Guth
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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