1201-1217 Illinois Avenue Active

Ottawa,IL 61350

$ 850000

- Bed

- Bath

6724 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

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