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    1404 Walter Way Ottawa, IL 61350

    Picture of Land at Walter Way 1404, Ottawa, IL
    For Sale
    $40,900

    Land - Ottawa, IL

    Lot size:
    0.40 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 9 at 5:06 am

    Property Features for 1404 Walter Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SINGL
    APN
    2222207004
    Lot size
    0.40 Acres

    Building Details

    Architectural style
    Other

    Honig Realty, Inc. (dba. Coldwell Banker Honig-Bell) (815) 553-2406 [email protected]

    Listing agent Theresa Poundstone (815) 553-2406 License #475137652

    Listing date Nov 2, 2025

    MLS# 12509248 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

    Residential Lot in Pembrook Subdivision

    This 0.4-acre lot is located in the Pembrook subdivision. Residents have exclusive access to a 4-acre recreational park featuring basketball and tennis courts, a baseball area, shelters, and a playground. The property benefits from city water and sewer services. As part of development, the new owner will need to plant two trees and pour a sidewalk in the front yard. This is a corner lot with dimensions of 174x40x28x170x149.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.8687
    Latitude
    41.4349

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    FAQs

    What type of property is this?
    Land - Desirable corner lot with recreational park access in Ottawa, IL.
    Where is this land located?
    The property is located at 1404 Walter Way Ottawa, IL.
    What is the asking price?
    The asking price for this property is $40,900.
    What are key features of this property?
    This property features: - Desirable lot in the popular Pembrook subdivision.; - Enjoy access to a 4-acre recreational park featuring basketball and tennis courts, a baseball area, shelters, and a playground exclusive to homeowners.; - Corner lot location.
    (815) 553-2406
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    1404 Walter Way Ottawa, IL 61350
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    Ottawa, IL 61350
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    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
    1404 Walter Way Ottawa, IL 61350
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