$ 850,000
1201-1217 Illinois Avenue Ottawa, IL 61350
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$ 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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
2600 S. Michigan Ave., STE 102, Chicago, IL, 60616, United States