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Recreation Land Corner Lot in Homeowners Subd
For Sale
$40,900

1404 WALTER Way, Ottawa, IL 61350

Land, Ottawa, IL

Property SizeContact for details
Lot Size0.40 Acres
Days on Market341

Property Features for 1404 WALTER Way

General Information

Property type Land
Property subtype Other
Zoning SINGL
Subdivision Pembrook
Elementary school Mckinley Elementary: K-4th Grade
Elementary school district 141
Middle school district 141
High school district 140
Directions ROUT23 SOUTH WEST ON MCKINLEY TO PEMBROOK SUBD
Standard status Active
APN 2222207004
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 68

Utilities

Utilities Water Available
Listing Agency: Coldwell Banker Real Estate Group
Listed By: Theresa Poundstone · License #475137652
Added: Oct 31, 2025 Changed: Aug 19 Last Checked: Oct 6 at 10:06PM
MLS# 12509248

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.

Investment Insights

Based on property information with market context.

This recreation land corner lot is located in a popular subdivision and comes with access to a homeowners-only recreational park. The park features basketball and tennis courts, a baseball area, shelters, and a playground. The lot is described as needing homeowner-installed improvements in the front yard, including planting two trees and pouring a sidewalk.

The property is served by city water/sewer, with water available through the provided utilities listing. The lot dimensions are noted as 174x40x28x170x149, and the overall lot size is 0.4 acres. Zoning is listed as SINGL.

Ideal for buyers looking for a recreation-oriented lot within a homeowner-exclusive amenity setting, with utilities already in place for water service.

Key Highlights

  • 0.4‑acre recreation land corner lot in a homeowners subdivision
  • Access to a 4‑acre recreational park with basketball and tennis courts
  • Baseball area plus shelters and a playground for homeowners

Property Analytics

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Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Building Supply Law Firm Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35
Businesses Nearby

Demographics for 61350, IL

23,997
Population
10,853
Households
2.2
Avg Household Size
43
Median Age
22%
College-Educated
93%
High-School Grad
152.5 sq mi
ZIP Area
157
Density / Sq Mi
$77,562
Median Household Income
$43,042
Median Earnings
$940
Median Rent
$157,100
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Corner lot with city water/sewer and access to a homeowners-only recreation park with courts and playground amenities.
Where is this residential land & home lot 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: 0.4‑acre recreation land corner lot in a homeowners subdivision; Access to a 4‑acre recreational park with basketball and tennis courts; Baseball area plus shelters and a playground for homeowners
More about this property
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