Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1248 Ottawa Ave Ottawa, IL 61350

    For Sale
    $179,000

    Residential Income - Ottawa, IL

    Lot size:
    0.30 Acres
    Days on Market:
    14
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 1248 Ottawa Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2110427014
    Parking
    8
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1906
    Roof type
    Asphalt
    Architectural style
    Other

    Keller Williams Innovate (630) 423-8223 [email protected]

    Listing agent Phil Makarewicz (630) 423-8223 License #475138878

    Listing date Nov 24, 2025

    MLS# 12523020 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ottawa, IL - Triplex Investment

    This three-unit apartment building presents an investment opportunity. The property is situated on a large lot with ample parking. Each unit has separate electric and gas meters. One upstairs unit is currently occupied, while the two lower units are vacant. Located in Ottawa, Illinois, this residential income property offers potential for cash flow with minor improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.857351
    Latitude
    41.342387

    Nearby Similar for Sale

    • $250,000
      1.48 Acres

      Investment Property with Two Homes

      Two homes and a heated shop on 1.48 acres.
      2550 N State Rte 23 Hwy N, Ottawa, IL 61350
      View Details
    • $205,000

      Ottawa, IL Duplex Investment

      Two-unit duplex near downtown Ottawa, offering immediate rental income.
      718 W Jackson St, Ottawa, IL 61350
      View Details
    • $474,900
      21,600 SF

      Ottawa Commercial Building For Sale

      Four-level commercial building on a busy street with redevelopment potential.
      800 La Salle St, Ottawa, IL 61350
      View Details
    • $399,900
      9,774 SF

      Downtown Ottawa Office and Warehouse

      Rehabbed office building with warehouse and storage in Ottawa.
      110 W Jefferson St, Ottawa, IL 61350
      View Details
    • $729,900
      17,700 SF

      Ottawa Mixed-Use Commercial Site

      3.68 acre commercial site with storefront, warehouse, and office.
      1021 Fosse Rd, Ottawa, IL 61350
      View Details
    • $259,000
      8,000 SF

      Ottawa Warehouse Buildings on 1.37 Acres

      Two warehouse buildings on 1.37 acres with rental income.
      1015 Fosse Rd, Ottawa, IL 61350
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit building in Ottawa, IL, with investment potential.
    Where is this triplex located?
    The property is located at 1248 Ottawa Ave Ottawa, IL.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: - Three-unit apartment building: Ideal for investors seeking multi-family property.; - Separate electric and gas meters for each unit: Simplifies utility management and billing for tenants.; - Large lot with ample parking: Provides convenience for residents and potential for future development.
    (630) 423-8223
    Request Owner's contact information
    1248 Ottawa Ave Ottawa, IL 61350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1248 Ottawa Ave
    Ottawa, IL 61350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1248 Ottawa Ave Ottawa, IL 61350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.