$ 850,000
1201-1217 Illinois Avenue Ottawa, IL 61350
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 850,000
Est. payment | /mo
6,724 SqFt
$ 850,000
Est. payment | /mo
6,724 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 6,724 sqft
Price per Sqft $126
MLS Listing ID 12176176
Year Built 1966
Annual Tax Amount $6,519
Tax Year 2023
Lot Size 0.520 Acres
Lot Dimensions 150X150
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!
Location
State IL
County Lasalle
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N true
Roof Type Rubber
Others
HOA Fee Include None
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by George Shanley • Coldwell Banker Real Estate Group
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
“Let us guide you through the real estate process of your journey from start to finish. Fill out the form to have an experienced broker contact you to discuss a no-obligation consultation. ”
