Active Under Contract
621 Chapel Street, Ottawa, IL
  • $360,000
  • $395,000

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.

  • Listing Courtesy of: Keller Williams Innovate

Details

Updated on June 19, 2026 at 5:42 pm
  • Property ID MRD12551792
  • Price $360,000
  • Land Area 0.32 Acres
  • Bedrooms 7
  • Year Built 1900
  • Property Type Multi Family
  • Property Status Active Under Contract
  • Parcel Number 2112138003
  • Water Source Public
  • Sewer Public Sewer
  • Architectural Style Other
  • MLS Status Contingent
  • Days On Market 123
  • Living Area 0.32
  • Cumulative Days On Market 124
  • Tax Annual Amount 4290
  • Heating Natural Gas,Forced Air
  • Directions From East Main St go North on York St. Turn East ( right ) on Chapel St.
  • Exterior Features Balcony

Address

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  • Address 621 Chapel Street
  • City Ottawa
  • State/county IL
  • Zip/Postal Code 61350
  • Country United States

Overview

Property ID: MRD12551792
  • Multi Family
  • Property Type
  • 7
  • Bedrooms
  • 1900
  • Year Built

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