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
$370,100 Zestimate®
$--/sqft
$1,067 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 09:01am
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