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In-PersonVirtual Tour
$ 410,000
Est. payment | /mo
8 Beds
$ 410,000
Est. payment | /mo
8 Beds
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12358713
Bedrooms 8
Year Built 1965
Annual Tax Amount $5,124
Tax Year 2024
Lot Dimensions 71' X 142'
Property Sub-Type Two to Four Units
Property Description
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
State IL
County Champaign
Rooms
Basement None
Interior
Heating Natural Gas, Electric
Fireplace N
Exterior
Garage Spaces 5.0
View Y/N true
Building
Sewer Public Sewer
Structure Type Brick
New Construction false
Schools
Elementary Schools Unity West Elementary School
Middle Schools Unity Junior High School
High Schools Unity High School
School District 7, 7, 7
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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Listed by Jill Guth • GUTH & ASSOCIATES,LLC
2600 S. Michigan Avenue, Suite 102 Chicago, IL, 60616, USA