$825,000
$950,000
13.2%For more information regarding the value of a property, please contact us for a free consultation.
12,600 SqFt
SOLD DATE : 08/01/2022
Key Details
Sold Price $825,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 12,600 sqft
Price per Sqft $65
MLS Listing ID 11379698
Sold Date 08/01/22
Year Built 1885
Annual Tax Amount $10,696
Tax Year 2020
Lot Size 6,098 Sqft
Lot Dimensions 60X100
Property Sub-Type Multi Family 5+
Property Description
Rare opportunity to own part of history in downtown Ottawa in this 12,600sf 3 story building with Illinois River views composed of 16 units with 4 ground units used for retail/restaurant and 2nd/3rd floor composed of 12 residential units. Currently grossing $105,000 per year with under market rents, this building holds tremendous future value with an upcoming approx. 35million investment going in south of building composed of upcoming YMCA(approx. 25mil) and Ottawa Riverfront development(approx. 10mil). 11 of the 12 apartments are 1 bed, 1 bath, and one with 2bed, 1bath. Tenant pays all utilities except water, sewer, and gas for hot water heaters. Apartments are all electric heating, lower commercial units are equipped with forced air heating & A/C. NEW roof is in the works. DO NOT DISTURB TENANTS. Click the virtual tour link to view property in 3D.
Location
State IL
County La Salle
Area Danway / Dayton / Naplate / Ottawa / Prairie Center
Zoning COMMR
Interior
Cooling Partial, Window Unit(s)
Fireplace N
Exterior
Utilities Available Water-Community
Building
Level or Stories 3
Structure Type Brick
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