Seller's Agent in 2025
Jill Guth
GUTH & ASSOCIATES,LLC
(217) 778-8305
1 in this area
50 Total Sales
305 N Elizabeth St Tolono, IL 61880
8
Beds
4
Baths
1,856
Sq Ft
1965
Built
About This Home
As of July 2025Investment 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.
Last Agent to Sell the Property
GUTH & ASSOCIATES,LLC License #471020488 Listed on: 05/07/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,125
Year Built
- Built in 1965
Parking
- 5 Car Garage
Home Design
- Brick Exterior Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Potential Bedrooms
- 4 Bathrooms
Schools
- Unity West Elementary School
- Unity Junior High School
- Unity High School
Additional Features
- 1-Story Property
- Lot Dimensions are 71' x 142'
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $3,024
- Maintenance Expense $5,000
- Professional Management Expense $3,750
- Trash Expense $1,235
- Water Sewer Expense $3,400
- Gross Income $48,600
- Net Operating Income $23,774
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 12, 2009
Sold by
Cain Thomas L and Cain Sonna L
Bought by
Farlow Stan H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
5.03%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 4, 2002
Sold by
Cain Edward J and Cain Betty Jo
Bought by
Cain Thomas L and Cain Sonna L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $155,000 | None Available | |
| Warranty Deed | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $106,200 | New Conventional | |
| Closed | $116,250 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $370,000 | -9.8% | $199 / Sq Ft |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- |
| 05/07/2025 05/07/25 | For Sale | $410,000 | -- | $221 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,852 | $81,750 | $8,210 | $73,540 |
| 2023 | $4,852 | $75,900 | $7,620 | $68,280 |
| 2022 | $4,610 | $70,540 | $7,080 | $63,460 |
| 2021 | $4,407 | $66,930 | $6,720 | $60,210 |
| 2020 | $4,360 | $65,430 | $6,570 | $58,860 |
| 2019 | $4,660 | $64,530 | $6,480 | $58,050 |
| 2018 | $4,606 | $64,530 | $6,480 | $58,050 |
| 2017 | $4,643 | $61,750 | $6,200 | $55,550 |
| 2016 | $4,523 | $59,040 | $5,930 | $53,110 |
| 2015 | $4,461 | $56,930 | $5,720 | $51,210 |
| 2014 | $4,530 | $57,850 | $5,810 | $52,040 |
| 2013 | $4,428 | $57,850 | $5,810 | $52,040 |
Source: Public Records
Agents Affiliated with this Home
-
-
M
Seller Co-Listing Agent in 2025
Maggie Pitcher
GUTH & ASSOCIATES,LLC
(217) 355-2545
1 in this area
1 Total Sale
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12358713
APN: 29-26-25-303-003
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