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$ 360,000

Est. payment -/mo

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Active Under Contract

621 Chapel ST Ottawa, IL 61350

7 Beds

4 Baths

0.32 Acres Lot

UPDATED:

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

Area Danway / Dayton / Naplate / Ottawa / Prairie Center

Rooms

Basement Crawl Space

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Exterior Feature Balcony

Community Features Sidewalks, Street Paved

Roof Type Asphalt,Flat

Building

Dwelling Type Two to Four Units

Building Description Brick, No

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

Listed by Phil Makarewicz of Keller Williams Innovate

Nearby School & Business

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