You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

1201-1217 Illinois Ave Ottawa, IL 61350

6,724 SF 0.52 ac lot Built 1966
Property ID
Property summary
AI-generated overview

This remarkable investment opportunity presents a meticulously maintained seven-unit brick building situated at the highly visible corner of Illinois Avenue and Leland Avenue in Ottawa, Illinois. The property boasts 6,724 square feet on a 0.52-acre lot and is priced at $819,000. Built with quality construction and boasting exceptional upkeep, this historic landmark offers a blend of charm and strong investment potential. The building comprises three two-bedroom units and four one-bedroom units, each featuring a dedicated covered parking space and access to additional off-street parking. Every unit provides private front and back entrances, showcasing original hardwood floors and beautiful natural woodwork. Some units retain their original vintage chandeliers, adding to the property's unique character. Residents enjoy access to a partial basement with individual storage bays and shared laundry facilities. The property benefits from a new rubber roof installed in 2017 and features a secure back courtyard equipped with dusk-to-dawn and motion-sensor lighting. Heating is provided by hot water heat. The building's long-term tenants contribute to its financial stability, making this a truly exceptional opportunity for discerning investors seeking a well-maintained, historically significant property with strong rental income.

Property profile
Verified
Property type Commercial real estate
Year built 1966
Total area 6,724 SF
Lot 0.52 ac (22,651 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1201-1217 Illinois Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
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