REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Jazmyne Zasanski

jazmyne.zasanski@engelvoelkers.com +1(773) 544-4268

$ 409,900

Est. payment -/mo

Save

New

406 N James ST Tolono, IL 61880

8 Beds

4 Baths

0.4 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12763116

Bedrooms 8

Year Built 1978

Annual Tax Amount $5,728

Tax Year 2025

Lot Size 0.400 Acres

Lot Dimensions 100 x 175

Property Sub-Type Two to Four Units

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!

Location

State IL

County Champaign

Area Southern Champaign County / Douglas County

Rooms

Basement Crawl Space

Interior

Heating Electric

Fireplace N

Exterior

Garage Spaces 4.0

Roof Type Asphalt

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

Listed by Kierra Morris of LIVE Real Estate Group

NEARBY SCHOOLS & PROPERTIES

Jazmyne Zasanski

Real Estate Advisor

+1(773) 544-4268

GET MORE INFORMATION