201 24th Avenue, Ottawa, IL 61350
MULTI_FAMILY - Ranch - Ottawa, IL
- Added:
- Feb 10, 2026
- Days on Market:
- 120
- Last Refresh:
- Jun 10 at 2:06 pm
Property Features for 201 24th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 3
- Parking
- 8
- Parking features
- Owned, Assigned
- Patio and Porch features
- Deck
- Standard status
- Pending
- APN
- 2116300001
- Size
- 1,850 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5486
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
Listing agent Phil Makarewicz License #475138878 (630) 423-8223
Listing office Keller Williams Innovate 2430 W. Indian Trail Rd #203, Aurora, IL (630) 423-8223
Listing date Feb 10, 2026
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.
HighLights
- Duplex built in 2023 with two fully occupied units
- 2 bed, 1 bath layout per unit with 925 SF each and open kitchen/living room concept
- Cash flow noted as under market rents of $1,300 per unit; tenant pays water and electric
- Public water and public sewer service
- Natural gas heating; asphalt shingle roof; vinyl siding exterior
- Each unit includes an assigned parking space and a deck
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.4k | $15.36 |
| − Vacancy | −$1.4k | −$0.77 |
| EGI | $27.0k | $14.59 |
| − OpEx | −$8.1k | −$4.38 |
| NOI | $18.9k | $10.21 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ottawa
- County
- LaSalle
- State
- Illinois
- Longitude
- -88.882835
- Latitude
- 41.332001
