406 N James Street, Tolono, Illinois 61880
- $409,900
- 8
- BD
- 4
- BA
- List Price
- $409,900
- MLS#
- 12763116
- Status
- NEW
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 8
- Bathrooms
- 4
- County
- Champaign
- City
- Tolono
- Neighborhood
- Southern Champaign County / Douglas County
- Days On Market
- 2
Property Description
Excellent investment opportunity in Tolono! This tenant-occupied property includes two separate duplex buildings-406 and 408 N James Street-situated on one PIN, for a total of four units. Each unit offers 2 bedrooms, 1 bathroom, an eat-in kitchen, in-unit laundry, a private patio, and a one-car garage with additional driveway parking. Kitchens include a stove, refrigerator, and dishwasher. Each unit features electric baseboard heat with individually controlled thermostats and forced-air central air conditioning. Tenants are responsible for electricity, water, internet, cable, and trash service. The property has a strong history of long-term tenancy, with current residents occupying their units for approximately 5 to 15 years. Major improvements include roofs replaced in 2016, siding replaced in 2015, and a new water line installed for both buildings in 2024. Additional updates include vinyl plank flooring in the living areas and hallways, along with new carpet in the bedrooms; 406 W currently has carpet in the living room. The central-air system in 408 W was replaced in July 2026, and the system in 408 E was replaced approximately two years ago. A rare opportunity to acquire four established rental units in one transaction!
Additional Information
- School District
- 7
- Elementary School
- Unity West Elementary School
- Middle School
- Unity Junior High School
- High School
- Unity High School
- Corporate Limits
- Tolono
- Tax Year
- 2025
- Year Built
- 1978
- Lot Dimensions
- 100 x 175
- Lot Size Range
- .25-.49 Acre
- Units
- 4
- Garage Spaces
- 4
- Parking Spaces
- 4
- Parking Details
- Garage Door Opener, Yes, Garage Owned, Detached, Garage
- Heating
- Electric
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
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