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  • $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

    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.

    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#: 12358713MLS Logo

    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
    Services availability