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$370,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds
  • 5 Car Garage
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 305 N Elizabeth St

General

  • Sold For: $370,000
  • Taxes: $5,124 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12358713
  • Added to Site: 256 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 5
  • Total Spaces: 5
  • Parking Features: On Site, Garage Owned, Attached, Garage
  • Parking On-Site: Yes

Location

  • Area: Southern Champaign County / Douglas County
  • County: Champaign
  • Driving Directions: West side of N Elizabeth Street situated between E Reynolds Street and E Washington Street

School Information

  • School District: 7
  • Midd School District: 7
  • Elementary School: Unity West Elementary School
  • Middle School: Unity Junior High School
  • High School: Unity High School
  • Private School: Unity High School

Heating & Cooling

  • Heating Type: Natural Gas, Electric

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Year Built: 1965
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 71' x 142'

Financial Considerations

  • Assessment Year: 1965
  • Tax Amount: $5,124.74
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: List Broker Must Accompany
  • Property ID: 292625303003

Listed by Guth & Associates,Llc
Sold by Guth & Associates,Llc

Listing agents

— 305 N Elizabeth St —

  • Guth & Associates,Llc

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 305 N Elizabeth St

School District:Tolono Community Unit School District 7
NameGradesDistance
Unity High School, Tolono, IL
1127 County Road 800 North, Tolono, IL 61880
9-120.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 305 N Elizabeth St

Date
Details
Price
Change
Source
7/31/2025
Sold
$370,000
-9.76%
MLS
5/07/2025
Listed
$410,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Guth & Associates,Llc
Sold by Guth & Associates,Llc

305 N Elizabeth Street, Tolono, IL 61880 (MLS# 12358713) is a Multi-Family property that was sold at $370,000 on July 31, 2025. Want to learn more about 305 N Elizabeth Street? Do you have questions about finding other Multi-Family real estate for sale in Tolono? You can browse all Tolono real estate or contact a Coldwell Banker agent to request more information.