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$ 300,000

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626-630 W Madison ST Ottawa, IL 61350

6,288 SqFt

UPDATED:

09/11/2024 05:06 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 6,288 sqft

Price per Sqft $47

MLS Listing ID 12014861

Year Built 1866

Annual Tax Amount $4,263

Tax Year 2022

Lot Dimensions 150 X 150

Property Description

Proud to announce this 7 unit mixed use building is available immediately for sale in Ottawa, IL. Features two retail spaces 1250sf each, three two-bedroom apartments, two one-bedroom apartments, and a 4 stall detached garage 1000sf. All of the apartments are larger than average. One of the apartments #5 features a private yard and entry. City of Ottawa has already pre-approved converting the two retail spaces into residential units so that has huge value add potential for the rent roll. Market rent for 1br is $800, market rent for 2br is $1000. The city of Ottawa is on I-80 and not far from I-39/51. Ottawa is a river town with considerable growth: new rooftops, shopping, many dining options, shops, two marinas. Subject property is walking distance to downtown. Roof 2018. Other recent improvements. Two units remodeled in the last couple years. Landlord pays water/sewer. Inquire for rent roll. No showings of occupied units until executed contract so as not to disturb the tenants. DO NOT DISTURB TENANTS - ALL QUESTIONS GO TO THE LIST BROKER. Broker Owned. Offered As-Is.

Location

State IL

County Lasalle

Area Danway / Dayton / Naplate / Ottawa / Prairie Center

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 2

Listed by Franklin Peterson • O'Neil Property Group, LLC

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