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    201 24Th Ave Ottawa, IL 61350

    Sponsored
    For Sale
    $640,000

    MULTI_FAMILY - Ranch - Ottawa, IL

    Type:Single Family Residence
    Lot size:
    0.68 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 8 at 7:06 pm

    Property Features for 201 24Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Rooms
    Bedroom 8, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 7, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 3
    Bedrooms
    8
    Bathrooms
    4
    APN
    2116300001
    Parking
    8
    Parking features
    Assigned, Owned
    Patio and Porch features
    Deck
    Lot size
    0.68 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    2023
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch

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

    Listing agent Phil Makarewicz (630) 423-8223

    Listing date Jan 6, 2026

    MLS# 12523736 Listing URL

    Copyright © 2026 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

    New Multifamily Property in Ottawa

    This multifamily property, constructed in 2023, consists of two duplexes, providing a total of four units. The property is fully occupied and currently generating cash flow with rents at $1300 per unit. Each unit features 925 square feet of living space, including two bedrooms, one bathroom, and an open kitchen and living room layout. The tenants are responsible for covering the costs of water and electricity. The property is located minutes from downtown Ottawa and Starved Rock State Park. The lot size is 0.68 acres. Additional lots are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop HVAC Service Bar & Pub Garden Center Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.882835
    Latitude
    41.332001

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    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property built in 2023, near downtown Ottawa.
    Where is this quadplex located?
    The property is located at 201 24Th Ave Ottawa, IL.
    What is the asking price?
    The asking price for this property is $640,000.
    What are key features of this property?
    This property features: - Built in 2023: Enjoy near-new condition and minimal maintenance.; - Fully Occupied: Benefit from immediate cash flow.; - Four Units: Two duplexes offer multiple income streams.
    (630) 423-8223
    Request Owner's contact information
    201 24Th Ave 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
    201 24Th Ave Ottawa, IL 61350
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