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Excellent investment opportunity in the heart of Philo! This income-producing property offers over 2,000 square feet and has been successfully operated as a duplex for many years. Currently configured as two 2-bedroom, 1-bath units, the home also offers the potential to be converted back into a single-family residence by reopening the interior staircase to the second floor. The upper unit, accessed by a private exterior staircase, features updated paint, an updated bathroom, and an updated kitchen area, while the spacious main-level unit is occupied by long-term tenants. A shared laundry area is located in the basement, and both residential leases extend through April 2027, providing immediate rental income. Additional income is generated by a detached 3-car garage and a separate 1-car garage, both currently leased as storage units. The property features an updated septic system with city water service, a roof replaced by the current owner, separately metered electric service, shared water and gas that are billed back to the tenants, a large welcoming front porch, rear tenant parking, and a common outdoor area perfect for relaxing or grilling. Being sold as is, this handyman special offers outstanding investment potential with multiple possibilities in a desirable small-town community.
| DAYS ON MARKET | 7 | LAST UPDATED | 7/28/2026 |
|---|---|---|---|
| TRACT | Orig Town of Philo | YEAR BUILT | 1880 |
| COMMUNITY | Southern Champaign County / Douglas County | GARAGE SPACES | 4.0 |
| COUNTY | Champaign | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Unity High School |
|---|---|
| Elementary School | Unity East Elementary School |
| Jr. High School | Unity Junior High School |
| High School | Unity High School |
| ADDITIONAL DETAILS | |
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Range, Refrigerator |
| AREA | Southern Champaign County / Douglas County |
| BASEMENT | Finished, Partial, Yes |
| CONSTRUCTION | Aluminum Siding |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.28 acre(s) |
| LOT DIMENSIONS | 80X150 |
| PARKING | Garage, Detached |
| SEWER | Septic Tank |
| STYLE | Farmhouse |
| SUBDIVISION | Orig Town of Philo |
| TAXES | 2930.82 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Green Street Realty
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.