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Listed by Phil Makarewiczof Keller Williams Innovate
$360,000
Est. payment /mo
7 Beds
0.32 Acres Lot
Active Under Contract
621 Chapel Street Ottawa, IL 61350
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Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 12551792
Style Other
Bedrooms 7
Year Built 1900
Annual Tax Amount $4,290
Tax Year 2024
Lot Size 0.320 Acres
Lot Dimensions 180 X 120 X 60X 60X120
Property Sub-Type Two to Four Units
Property Description
ATTENTION INVESTORS! Zoned multi-family this 4 unit with potential for 5th is currently producing 8.7 cap rate with lots of room for improvement whether long term tenants or airbnb. Located in the historic district of Ottawa IL and walking distance of downtown which offers much variety of restaurants and shopping. Many recent improvments including newly renovated unit, new roof, gutters, soffit, fascia, exterior paint, all in 2024-25. 2 units have separate utilites and 2 units share utilties.
Location
State IL
County Lasalle
Community Sidewalks, Street Paved
Rooms
Basement Crawl Space
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Exterior Feature Balcony
View Y/N true
Roof Type Asphalt,Flat
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
School District 141, 141, 140
Others
Ownership Fee Simple
Special Listing Condition None
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