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!

Tolono is located in Illinois. Tolono, Illinois has a population of 3,578. Tolono is more family-centric than the surrounding county with 47.46% of the households containing married families with children. The county average for households married with children is 30.63%.
The median household income in Tolono, Illinois is $66,842. The median household income for the surrounding county is $56,939 compared to the national median of $69,021. The median age of people living in Tolono is 33.6 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 16.6 degrees. The average rainfall is approximately 40.6 inches per year, with 20.4 inches of snow per year.