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Tolono, IL, 61880 • 61880 • Champaign County
4Beds
2Baths
0.28 acLot
1950Built
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186 days on market
Established listing
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.
Based on current rates
Est. 6.88% rate · 30yr fixed · $176,000 loan
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3 schools rated nearby
Tolono, IL, 61880
6 events
25 years of records
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Tolono, IL • Champaign County
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