Four-Unit Multifamily
New
For Sale
$409,900
406 N James St, Tolono, IL 61880
Tenant-occupied rental property with two buildings, private patios, garages, and in-unit laundry.
Property SizeContact for details
Days on Market5
Property Features for 406 N James St
General Information
Standard status
Active
Property subtype
Multi-Family
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
eat-in kitchen
in-unit laundry
private patio
central air conditioning
Building Details
Year Built
1978
Buildings
2
Listing Agency:
RE/MAX Realty Associates-Cha
Listed By:
Craig Buchanan Team
(217) 369-8969
Source:
Craigbuchananteam
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty Associates-Cha
Investment Insights
Based on property information with market context.
This tenant-occupied multifamily property comprises two separate duplex buildings on one PIN, providing four rental units in total. Each unit includes two bedrooms, one bathroom, an eat-in kitchen, in-unit laundry, a private patio, and a one-car garage with additional driveway parking. Kitchen appliances include a stove, refrigerator, and dishwasher. Heating is provided by electric baseboards with individually controlled thermostats, while central air conditioning serves each unit.
Residents pay their own electricity, water, internet, cable, and trash service. Current tenancy ranges from approximately 5 to 15 years. Property improvements include roof replacements in 2016, siding completed in 2015, and a new water line serving both buildings installed in 2024. Interior updates include vinyl plank flooring in living areas and hallways and new bedroom carpet. One central-air system was replaced in July 2026, and another was replaced approximately two years ago.
Residents pay their own electricity, water, internet, cable, and trash service. Current tenancy ranges from approximately 5 to 15 years. Property improvements include roof replacements in 2016, siding completed in 2015, and a new water line serving both buildings installed in 2024. Interior updates include vinyl plank flooring in living areas and hallways and new bedroom carpet. One central-air system was replaced in July 2026, and another was replaced approximately two years ago.
Key Highlights
- Four rental units across two separate duplex buildings on one PIN
- Each unit includes 2 bedrooms, 1 bathroom, eat‑in kitchen, laundry, patio, and one‑car garage
- Additional driveway parking accompanies the one‑car garage assigned to each unit
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Explore this area
Business Placement
Demographics for 61880, IL
4,317
Population
1,894
Households
2.3
Avg Household Size
39
Median Age
28%
College-Educated
100%
High-School Grad
61.8 sq mi
ZIP Area
70
Density / Sq Mi
$89,139
Median Household Income
$48,330
Median Earnings
$881
Median Rent
$227,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Tenant-occupied rental property with two buildings, private patios, garages, and in-unit laundry.
Where is this multifamily property located?
The property is located at 406 N James St Tolono, IL.
What is the asking price?
The asking price for this property is $409,900.
What are key features of this property?
This property features: Four rental units across two separate duplex buildings on one PIN; Each unit includes 2 bedrooms, 1 bathroom, eat‑in kitchen, laundry, patio, and one‑car garage; Additional driveway parking accompanies the one‑car garage assigned to each unit
