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.
Closed
$370,000
305 N Elizabeth St, Tolono, IL 61880
8beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$1,846 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,846/mo
Zestimate® history
Owner options
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$1,846/mo
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$1,846/mo
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$2,649/mo
Est. payment
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$2,649/mo
Est. payment
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List your homeWhat's special
Brick exteriorWell maintained landscapingLarge kitchens
Zillow last checked:
Listing updated:
Listing courtesy of:
Jill Guth 217-778-8305,
GUTH & ASSOCIATES,LLC,
Maggie Pitcher 217-649-3713,
GUTH & ASSOCIATES,LLC
Bought with:
Jill Guth
GUTH & ASSOCIATES,LLC
Source: MRED as distributed by MLS GRID,MLS#: 12358713
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Electric
Features
- Basement: None
Property
Parking
- Total spaces: 5
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 5
Lot
- Size: 10,082 sqft
- Dimensions: 71' X 142'
Details
- Parcel number: 292625303003
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
Community & neighborhood
Location
- Region: Tolono
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2025 | Sold | $370,000-9.8% |
Source:  MRED as distributed by MLS GRID #12358713 Report a problem | ||
| 5/21/2025 | Pending sale | $410,000 |
Source: MRED as distributed by MLS GRID #12358713 Report a problem | ||
| 5/7/2025 | Listed for sale | $410,000+164.5% |
Source: MRED as distributed by MLS GRID #12358713 Report a problem | ||
| 2/12/2009 | Sold | $155,000 |
Source: MRED as distributed by MLS GRID #09411471 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,125 +5.6% | $81,750 +7.7% |
| 2023 | $4,852 +5.2% | $75,900 +7.6% |
| 2022 | $4,610 +4.6% | $70,540 +5.4% |
| 2021 | $4,407 +1.1% | $66,930 +2.3% |
| 2020 | $4,360 -5.3% | $65,430 +1.4% |
| 2019 | $4,606 | $64,530 |
| 2018 | $4,606 -0.8% | $64,530 +4.5% |
| 2017 | $4,643 +2.6% | $61,750 +4.6% |
| 2016 | $4,523 | $59,040 +3.7% |
| 2015 | $4,523 -0.2% | $56,930 -1.6% |
| 2014 | $4,530 +2.3% | $57,850 |
| 2013 | $4,428 +1.2% | $57,850 |
| 2012 | $4,374 +1.6% | $57,850 -2.5% |
| 2011 | $4,306 +1.8% | $59,330 |
| 2010 | $4,229 | $59,330 |
| 2009 | -- | $59,330 +1.2% |
| 2008 | -- | $58,630 +3.9% |
| 2007 | $4,153 +0.7% | $56,430 +4.5% |
| 2006 | $4,122 +1.6% | $54,000 +4.9% |
| 2005 | $4,056 +1% | $51,480 +4.1% |
| 2004 | $4,015 +17.5% | $49,460 +3.4% |
| 2003 | $3,418 -20.1% | $47,840 -11.8% |
| 2002 | $4,276 +3.5% | $54,260 +1.6% |
| 2001 | $4,133 +7.4% | $53,400 +6.9% |
| 2000 | $3,850 | $49,940 |
Find assessor info on the county website
Neighborhood: 61880
Nearby schools
GreatSchools rating
- 8/10Unity WestGrades: K-5Distance: 1.6 mi
- 5/10Unity Jr High SchoolGrades: 6-8Distance: 0.6 mi
- 3/10Unity High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Unity West Elementary School
- Middle: Unity Junior High School
- High: Unity High School
- District: 7
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Illinois
- Champaign County
- Tolono
- 61880
- 305 N Elizabeth St
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