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    2550 N State Rte 23 Hwy N Ottawa, IL 61350

    For Sale
    $250,000

    Residential Income, Ranch - Ottawa, IL

    Lot size:
    1.48 Acres
    Days on Market:
    34
    Last Refresh:
    Dec 6 at 1:06 am

    Property Features for 2550 N State Rte 23 Hwy N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AGRIC
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    2225317000
    Parking
    13
    Lot size
    1.48 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1950
    Roof type
    Asphalt
    Architectural style
    Ranch

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

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

    Listing date Nov 3, 2025

    MLS# 12507439 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

    Investment Property with Two Homes

    This investment property is situated on 1.48 acres with AG-1 zoning. It includes two homes and a heated 26x46 shop. The first home features 1374 square feet, three bedrooms, one bath, and a full basement, with updates including central air in 2018 and sump pumps and a new chimney in 2019. The second home offers 1000 square feet with an attached one-car garage, three bedrooms, and one bath, with a water heater updated in 2023 and a washer and dryer in 2022. The shop includes two garage doors and workshop areas. All three structures have their own electric meter, and both homes have their own gas meters. The back of the property borders farmland with a creek and a small wooded area. Located in unincorporated Ottawa, the property benefits from a lower tax rate. This property offers a unique mix for additional income for financial stability.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.8687
    Latitude
    41.4349

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    FAQs

    What type of property is this?
    Single family property - Two homes and a heated shop on 1.48 acres.
    Where is this single family property located?
    The property is located at 2550 N State Rte 23 Hwy N Ottawa, IL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Investment property featuring two homes and a heated shop on 1.48 acres; - AG-1 zoning in unincorporated Ottawa offers a lower tax rate; - Heated 26x46 shop with 2 garage doors and workshop areas
    (630) 423-8223
    Request Owner's contact information
    2550 N State Rte 23 Hwy N 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
    2550 N State Rte 23 Hwy N Ottawa, IL 61350
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