$395,000

621 Chapel Street, Ottawa, IL 61350

  • 7 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Active
Data Last Updated:
March 5, 2026 at 3:18AM
Listing Office:
Keller Williams Innovate : 630-423-8223
Listing Agent:
Phil Makarewicz : 815-579-9314
MLS ID:
12551792
  • Rooms: Utility Room-1st Floor
  • Basement: Crawl Space
  • Heating: Natural GasForced Air
  • General: Balcony
  • Style: Other
  • Parking: Parking spaces: 0
  • Roofing: AsphaltFlat
  • General: Other
  • HOA Amenities: SidewalksStreet Paved
  • Originating MLS: mred
  • School District: 141
  • County: LaSalle
  • Zoning: 2112138003
  • Water: Public
  • Sewer: Public Sewer
  • Source: mred
  • Ownership: Fee Simple

This listing courtesy of Phil Makarewicz , Keller Williams Innovate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Jefferson Elementary School

1709 Columbus St, Ottawa, IL, 61350

Grades KG-4

0.80 miles away

S

Shepherd Middle School

701 E McKinley Rd, Ottawa, IL, 61350

Grades 7-8

1.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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