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1201-1217 Illinois Avenue

Ottawa, IL 61350
  • $819,000
  • STATUS: Active
  • ON SITE: 131 Days
  • MLS #: 12176176
UPDATED: 79 min ago
$819,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Description

Attention Investors! If you value quality construction and exceptional maintenance, this is your chance to own a historic Ottawa landmark. Located at the corner of Illinois Avenue and Leland Avenue, this 7-unit brick residence offers both charm and investment appeal. Pride of ownership is evident, with a new rubber roof installed in 2017 and a meticulously maintained building. Many long-term tenants have made this their home, adding stability to your investment. The property features 3 two-bedroom units and 4 one-bedroom units, each with a dedicated covered parking space and additional off-street parking. Each unit also features private front and back entrances, natural woodwork, original hardwood floors, and some even still have their original, vintage chandeliers. Tenants enjoy access to a partial basement with individual storage bays and shared laundry facilities. For added security, the back courtyard is equipped with dusk-to-dawn and motion sensor lighting. Units are heated with hot water heat. Don't miss this rare investment opportunity to own a well-maintained brick building with amazing tenants!

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© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T20:02:08.977 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1201-1217 Illinois Avenue Ottawa, IL 61350

  • Price: $819,000
  • Status: Active
  • On Site: 131 Days
  • Updated: 79 min ago
  • MLS #: 12176176
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1966
Built
Neighborhood:
Lasalle
County:
Lasalle
Area:
Lasalle
Property Description
Attention Investors! If you value quality construction and exceptional maintenance, this is your chance to own a historic Ottawa landmark. Located at the corner of Illinois Avenue and Leland Avenue, this 7-unit brick residence offers both charm and investment appeal. Pride of ownership is evident, with a new rubber roof installed in 2017 and a meticulously maintained building. Many long-term tenants have made this their home, adding stability to your investment. The property features 3 two-bedroom units and 4 one-bedroom units, each with a dedicated covered parking space and additional off-street parking. Each unit also features private front and back entrances, natural woodwork, original hardwood floors, and some even still have their original, vintage chandeliers. Tenants enjoy access to a partial basement with individual storage bays and shared laundry facilities. For added security, the back courtyard is equipped with dusk-to-dawn and motion sensor lighting. Units are heated with hot water heat. Don't miss this rare investment opportunity to own a well-maintained brick building with amazing tenants!
Exterior Features

Exterior Building Type Brick Frontage Type City Street Land Amenities Sidewalks Roof Rubber

Interior Features

Basement Unfinished Cooling Window Unit(s) Heat Ventilation Central Bldg HeatHot Water Number Of Dishwashers 1 Number Of Ranges 7

Property Features

Additional Parcels YN No Approximate Age Older Association Fee Includes None Building Area Total 6724 Built Before1978 YN Yes Current Use Multi-Family Electric Circuit BreakersSeparate Meters Gross Income 59076 Gross Scheduled Income 59076 Insurance Expense 0 Location Corner Maintenance Expense 0 Mls Actual Status Active Net Operating Income 59076 Operating Expense 0 Ownership Types General Partnership Possible Use Multi-Family Tax Annual Amount 6519.96 Tax Year 2023 Tenant Pays Electricity Total Monthly Income 4923 Township Ottawa Type Multi Family 5+ Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Real Estate Group: 815-433-5501.


© 2025 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T20:02:08.977 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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