Active
621 Chapel Street
Ottawa, IL 61350
$360,000 ▼ $35,000 from $395,000
7beds
4baths
—sqft
0.32acres
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1900
Lot size0.32 acres
Architectural styleOther
Annual tax$4,290
CountyLaSalle
MLS #MRD12551792
Days on market70
Features
Heating
Natural GasForced Air
Construction
Brick
Sewer
Public Sewer
Listed by
Keller Williams Innovate
Phil Makarewicz · 815-579-9314
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/2/2026, 5:06:16 AM. All data should be independently verified.
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