Well-maintained 4-unit apartment complex in a convenient Ottawa location within walking distance to shopping, restaurants, and everyday amenities. This solid income-producing property generates approximately $41,000 annually in gross rental income, with all four units currently rented at $850 per month. Three of the four units were extensively remodeled in 2025, offering updated interiors that appeal to tenants and help minimize future maintenance costs. Each unit includes its own refrigerator, stove, window A/C unit, and individual heating controls for added tenant comfort and efficiency. Tenants pay their own gas and electric utilities, helping keep owner expenses low. Major exterior and mechanical updates include a new roof in 2016, new siding in 2020, a new blacktop driveway in 2025, two new water heaters installed in 2025, and a boiler pump replaced in 2025. Strong cash-flow opportunity with numerous recent improvements already completed. Whether you are expanding your portfolio or looking for a reliable turnkey investment, this Ottawa multi-unit property is one to see!
66 days
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178
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7
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Zillow last checked:
Listing updated:
Listed by:
Janelle McCarter815-252-7283,
Landmark Realty of Illinois LLC
Source: MRED as distributed by MLS GRID,MLS#: 12608726
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4
Heating
Steam, Indv Controls
Features
Basement: Unfinished,Full
Property
Parking
Total spaces: 3
Parking features: Yes
Lot
Size: 7,405 Square Feet
Dimensions: 50x150
Details
Parcel number: 2111219020
Zoning: MULTI
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Architectural style: American 4-Sq.
Property subtype: Multi Family
Materials
Vinyl Siding
Foundation: Stone
Roof: Asphalt
Condition
New construction: No
Year built: 1895
Major remodel year: 2025
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Location
Region: Ottawa
Financial & listing details
Tax assessed value: $92,820
Annual tax amount: $3,186
Date on market: 5/14/2026
Ownership: Fee Simple
Estimated market value
Zestimate®
$274,700
Estimated sales range
$261,000 - $288,000
Rent Zestimate®
$1,375/mo
Price history
Date
Event
Price
5/14/2026
Listed for sale
$285,000+42.5%
Source: MRED as distributed by MLS GRID #12608726Report a problem
12/23/2024
Sold
$200,000
Source: MRED as distributed by MLS GRID #12003169Report a problem
11/15/2024
Contingent
$200,000
Source: MRED as distributed by MLS GRID #12003169Report a problem
9/5/2024
Price change
$200,000-7%
Source: MRED as distributed by MLS GRID #12003169Report a problem
8/7/2024
Price change
$215,000-4.4%
Source: MRED as distributed by MLS GRID #12003169Report a problem
7/31/2024
Listed for sale
$225,000
Source: MRED as distributed by MLS GRID #12003169Report a problem
5/3/2024
Contingent
$225,000
Source: MRED as distributed by MLS GRID #12003169Report a problem
3/13/2024
Listed for sale
$225,000+87.5%
Source: MRED as distributed by MLS GRID #12003169Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.