621 Chapel Street, Ottawa, IL 61350

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621 Chapel Street,Ottawa, IL 61350
$395,000
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: phil makarewicz
Office: keller williams innovate
MLS#:12551792
Source:MLSNI

Price summary

  • Price:$395,000

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.

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Home facts

  • Year built:1900
  • Listing ID #:12551792
  • Added:19 day(s) ago
  • Updated:February 12, 2026 at 02:28 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Asphalt, Flat
  • Year built:1900
  • Lot area:0.32 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$395,000
  • Tax amount:$4,290 (2024)
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