514 N Calhoun ST Pending Save Request In-Person Tour Request Virtual Tour
Tolono,IL 61880
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 12209493
Bedrooms 4
Year Built 1950
Annual Tax Amount $1,876
Tax Year 2024
Lot Dimensions 100 X 120
Property Sub-Type Two to Four Units
Property Description
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.
Location
State IL
County Champaign
Area Southern Champaign County / Douglas County
Rooms
Basement None
Interior
Heating Electric
Equipment Ceiling Fan(s)
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Vinyl Siding, No
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
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 None