Tolono, IL 61880 305 N Elizabeth Street
$410,000
Pending

Presented By: GUTH & ASSOCIATES,LLC
Home Details
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.
Presented By: GUTH & ASSOCIATES,LLC
Interior Features for 305 N Elizabeth Street
Bedrooms
Bedrooms Possible8
Total Bedrooms8
Bathrooms
Full Baths Building4
Half Baths Building
Total Baths4
Other Interior Features
BasementNone
Total Number of Units4
General for 305 N Elizabeth Street
CityTolono
Construction MaterialsBrick
CountyChampaign
DirectionsWest side of N Elizabeth Street situated between E Reynolds Street and E Washington Street
Elementary SchoolUnity West Elementary School
Elementary School District7
Garage Spaces5
Gross Income48600
HeatingNatural Gas, Electric
High SchoolUnity High School
High School District7
Insurance Expense3024
MLS AreaSouthern Champaign County / Douglas County
MaintenanceExpense5000
Middle/Junior High SchoolUnity Junior High School
Middle/Junior School District7
ModificationTimestamp2025-05-21T09:20:01.967Z
Net Operating Income23774
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusPending
StatusPending
Tax Annual Amount5124.74
Tax Year2024
Total Rooms20
TownshipTolono
Trash Expense1235
Water Sewer Expense3400
Year Built1965
Exterior for 305 N Elizabeth Street
Lot Dimensions71' X 142'
Parking FeaturesOn Site, Garage Owned, Attached, Garage
Total Parking5
WaterfrontY/NNo
Additional Details
Price History
Schools
Middle School
Unity Junior High School
High School
Unity High School
Elementary School
Unity West Elementary School
