Four-Unit Duplex
For Sale
$795,000
201 311 & Lot's 3-10 24th Avenue, Ottawa, IL 61350
Two recently built duplexes with full occupancy, open-plan interiors, and tenant-paid water and electric.
Property SizeContact for details
Lot Size2.59 Acres
Days on Market190
Property Features for 201 311 & Lot's 3-10 24th Avenue
General Information
Standard status
Active
Total Parking Spaces
8
Lot size
2.59 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Average Monthly Rent
$1,300
Taxes and HOA fees
Annual Taxes
$10,948
Building Details
Year Built
2023
Buildings
2
Listing Agency:
Keller Williams Innovate
(815) 579-9314
Listed By:
Phil Makarewicz · License #475138878
(815) 579-9314
Source:
Ozmentrealestate
Added: Feb 10
Changed: Aug 12
Last Checked: Aug 17 at 10:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Innovate
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings totaling four units on 2.59 acres. Constructed in 2023, each residence offers 925 SF with two bedrooms, one bathroom, and an open kitchen and living area. The units are described as being in near-new condition and are fully occupied.
The property is subdivided into eight lots zoned for single-family or duplex development. Tenants pay water and electric expenses. The site is located near downtown Ottawa and Starved Rock State Park, providing proximity to both a local downtown district and a regional recreation destination.
The property is subdivided into eight lots zoned for single-family or duplex development. Tenants pay water and electric expenses. The site is located near downtown Ottawa and Starved Rock State Park, providing proximity to both a local downtown district and a regional recreation destination.
Key Highlights
- Two duplex buildings with 4 total units
- 2.59 acres subdivided into 8 lots
- Units built in 2023 and fully occupied
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two recently built duplexes with full occupancy, open-plan interiors, and tenant-paid water and electric.
Where is this duplex located?
The property is located at 201 311 & Lot's 3-10 24th Avenue Ottawa, IL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two duplex buildings with 4 total units; 2.59 acres subdivided into 8 lots; Units built in 2023 and fully occupied
