This 7-bedroom, 4-bathroom residential multi family at 621 Chapel Street in Ottawa, IL is listed for $360,000. Built in 1900, on a 0.32 acres lot.
Key Features
Built in 1900
0.32 acre lot
Property Details
4 full
1900
Listing Description
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.
Monthly Cost Estimate
$1,925/mo
20% down · 6.5% · 30 years
Principal$260
Interest$1,560
Insurance$105
Estimates only. Actual payments may vary.
Location
621 Chapel Street
Ottawa, IL 61350
Features & Amenities
Exterior Features
Balcony
Property Details
Construction
Brick
Outdoor Features
Porch
Heating
Forced AirNatural Gas
Questions & Answers
This 7-bedroom, 4-bathroom residential multi family at 621 Chapel Street is listed at $360,000. The estimated monthly payment is $1,925 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.32 acre lot. Exterior Features: Balcony.
