Sold186d on market
514 N Calhoun St
Tolono, IL, 61880 • 61880 • Champaign County
$220,000
4Beds
2Baths
0.28 acLot
1950Built
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
186 days on market
Established listing
About this home
Multi Family · Built 1950
Totally updated duplex with Over $16k in upgrades since purchased too! Each side has a kitchen with new appliances, new flooring, freshly painted throughout, new bathrooms, new electric heaters, and a/c units. New sewer line to street 2023, new water lines 2023, flat roof on shed part new in 2024, and one side hot water heater in 2016. Roof approx 11 years old. Low maintenance rental. 514 is rented at $900 and is the smaller of the 2 units. 516 is at $950 a month. It is the larger of the 2 with larger bedrooms and a laundry room on back. Storage shed can be used by both units. Why is seller selling? To focus on another business opportunity. Currently it cash flows fine with approx $7k year for current seller. Owner is licensed Realtor. Leased thru July 2026 with smaller side wanting to stay.
Estimated monthly payment
Based on current rates
$1,450/month
Principal & Interest$1,156
Property Tax$220
Insurance$73
Down payment20% ($44,000)
3%50%
Est. 6.88% rate · 30yr fixed · $176,000 loan
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Key facts and listing details
TypeMulti Family
Year Built1950
HeatingElectric
Parking4 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1950
Systems
HeatingElectric
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway, On Site, Owned
BasementNone
Lot0.28 Acres
Location & Tax
Neighborhood61880
Annual tax$1,876
Parcel292626282001
Bathrooms & Fees
Full baths2
Features & details
4 categories of property features
Interior Features
Heating
Electric
Exterior Features
Parking
Driveway
On Site
Owned
Construction
Vinyl Siding
Other Equipment
Ceiling Fan(s)
Listing insights
Market data and value estimates
StatusSold
Days on market186
Est. value$206,800
Est. rent$1,199/mo
Tax rate2.17%
On marketSep 9, 2025
PostedSep 9, 2025
Last sold$220,000
MLS statusClosed
MLS updatedOct 15, 2025
Tour days6
Views4
How are the schools in Tolono?
3 schools rated nearby
Location
Tolono, IL, 61880
Price history
6 events
DateEventPrice$/sqftSource
Oct 3, 2025Sold$220,000—MRED as distributed by MLS GRID
Sep 9, 2025Pending Sale$212,900—MRED as distributed by MLS GRID
Nov 17, 2022Sold$201,000—Public Record
Jul 25, 2022Sold$70,500—Public Record
May 19, 2022Sold$55,000—MRED as distributed by MLS GRID
Jul 9, 2003Sold$40,000—Public Record
Sold$220,000
Oct 3, 2025•MRED as distributed by MLS GRID
Pending Sale$212,900
Sep 9, 2025•MRED as distributed by MLS GRID
Sold$201,000
Nov 17, 2022•Public Record
Sold$70,500
Jul 25, 2022•Public Record
Sold$55,000
May 19, 2022•MRED as distributed by MLS GRID
Sold$40,000
Jul 9, 2003•Public Record
Tax history
25 years of records
YearTax paidAssessed value
Apr 8, 2024$1,862$29,690
Apr 8, 2023$1,763$27,570
Apr 8, 2022$1,675$25,620
Apr 8, 2021$1,601$24,300
Apr 8, 2020$1,584$23,760
Apr 8, 2019$1,674$23,440
Apr 8, 2018$1,674$23,440
Apr 8, 2017$1,687$22,430
Apr 8, 2016$1,644$21,450
Apr 8, 2015$1,644$20,690
Apr 8, 2014$1,649$21,030
Apr 8, 2013$1,610$21,030
Apr 8, 2012$1,591$21,030
Apr 8, 2011$1,566$21,570
Apr 8, 2010$1,538$21,570
Apr 8, 2009—$21,570
Apr 8, 2008—$21,310
Apr 8, 2007$1,510$20,510
Apr 8, 2006$1,499$19,630
Apr 8, 2005$1,475$18,710
Apr 8, 2004$1,419$17,980
Apr 8, 2003$1,208$16,900
Apr 8, 2002$1,142$14,450
Apr 8, 2001$1,101$14,220
Apr 8, 2000$1,025$13,290
Nearby homes
Neighborhood details
Local context around this listing
Tolono, IL • Champaign County
Nearby cities
ChampaignHomerMahometRantoulSaint JosephSavoySeymourTolono
Nearby zip codes
61880
Similar homes
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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