305 Elizabeth Street, Tolono, Illinois 61880
$370,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1965 |
| Property Taxes: | $5,125 |
| Days On Market: | 138 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1965 | |
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| No | |
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| Champaign | |
| — | |
| — / — | |
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| — | |
| 12358713 | |
| 292625303003 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Unity West Elementary School |
7 | — | |
|
Middle School
Unity Junior High School |
7 | Not in DB | |
|
High School
Unity High School |
7 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 12 Feb, 2009 | Sold | $155,000 | MRED MLS |
| 11 Feb, 2009 | Under contract | $168,000 | MRED MLS |
| 15 Dec, 2008 | Listed for sale | $0 | MRED MLS |
| 10 Oct, 2011 | Sold | $95,500 | MRED MLS |
| 26 Aug, 2011 | Under contract | $99,900 | MRED MLS |
| 6 Aug, 2011 | Listed for sale | $0 | MRED MLS |
| 31 Jul, 2025 | Sold | $370,000 | MRED MLS |
| 20 May, 2025 | Under contract | $410,000 | MRED MLS |
| 7 May, 2025 | Listed for sale | $410,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Dimensions: —
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
| 5 | |
| — | |
| — | |
| — | |
| — | |
| 71' X 142' | |
| — | |
| — | |
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| Not in DB | |
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| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2009 | $4,153 |
| 2011 | $649 |
| 2025 | $5,125 |
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Listing Provided By
GUTH & ASSOCIATES,LLC
