305 N Elizabeth Street, Tolono, IL 61880
- Beds
- 8
- Baths
- 4
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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.
Location
Full feature list
Basic info
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Year built
- 1965
Garage and parking
- Garage parking spaces
- 5
Utilities
- Heating
- Natural gas, Electric
- Sewer
- Public sewer
Estimated monthly costs
- Insurance
- $3,024
Taxes
- Tax Annual Amount (2024)
- $5,124.74
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12358713 Last checked: …

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.