Ottawa, IL 61350 1201-1217 Illinois Avenue
$819,000



32 more

































Presented By: Coldwell Banker Real Estate Group
Home Details
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!
Presented By: Coldwell Banker Real Estate Group
Interior Features for 1201-1217 Illinois Avenue
Other Interior Features
BasementUnfinished
General for 1201-1217 Illinois Avenue
Additional Parcels Y/NNo
Association Fee IncludesNone
CityOttawa
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyLaSalle
Current UseMulti-Family
DirectionsFrom 6 and 23 - Take 23 south - Turn right (west) on Madison - Turn left (south) on Leland St - Property will be on southwest corner of Leland St and Illinois Ave
ElectricCircuit Breakers, Separate Meters
Electric Expense
Fuel Expense
Gross Income59076
Insurance Expense
Lot Size Square Feet22500
MLS AreaDanway / Dayton / Naplate / Ottawa / Prairie Cent
MaintenanceExpense
ModificationTimestamp2025-02-27T08:00:07.527Z
Net Operating Income59076
Number Of Units Total7
Operating Expense0
Possible UseMulti-Family
Property TypeCommercial Sale
Property TypeMulti Family 5+
RoofRubber
Standard StatusActive
StatusActive
Stories1
Tax Annual Amount6519.96
Tax Year2023
Tenant PaysElectricity
TownshipOttawa
Trash Expense0
Water Sewer Expense0
Year Built1966
ZoningCOMMR
Exterior for 1201-1217 Illinois Avenue
Building Area Total6724
Frontage TypeCity Street
Lot Dimensions150X150
Lot Size Acres0.52
Additional Details
Price History
