Three-Unit Residential Income
613 Webster Street Ottawa, IL 61350
613 Webster Street, Ottawa, IL, 61350
$259,900
Pending
For Sale
$259,900
Pending
Well-maintained 3-flat with three units, central air, and shared laundry access.
Property Size2,250 SF
Days on Market47
Property Features for 613 Webster Street
General Information
- Standard status
- Pending
- Size
- 2,250 SF
- Property subtype
- Two to Four Units / 3 Flat
Building Details
- Year Built
- 1915
Listing agency
Allison Towne Realty, Inc.
(708) 408-4934
Listed by
Irina Allison · License #471004840
(708) 408-4934
Source
Compass
Added: Jun 6 Updated: Jul 22 at 2:58AM Checked: Jul 22 at 2:58AM
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 Allison Towne Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained 2-story three-flat offers three separate units in one building. The 2nd-floor UNIT A is a 2-bedroom, 1-bath unit with a kitchen and spacious living room; it was remodeled in 2025 and is currently rented for $1,100 per month. The 1st-floor UNIT B is currently rented for $1,025 per month and features 1 bedroom, 1 bath, a kitchen with dining area, a large living room, and a spacious front porch. UNIT C is located in the rear of the building and includes 1 bedroom, 1 bath, a kitchen, and a spacious living room.
All three tenancies are currently month-to-month. Tenants pay gas and electric, while the owner pays water, sewer, and garbage. Each unit includes central air, kitchen appliances, and access to a washer and dryer.
The property is located in the heart of Ottawa and is described as within walking distance to downtown, with convenient access to Route 6 and Interstate 80.
All three tenancies are currently month-to-month. Tenants pay gas and electric, while the owner pays water, sewer, and garbage. Each unit includes central air, kitchen appliances, and access to a washer and dryer.
The property is located in the heart of Ottawa and is described as within walking distance to downtown, with convenient access to Route 6 and Interstate 80.
Key Highlights
- 1915‑built, well‑maintained 3‑flat with three rental units in Ottawa
- Unit A (2BR/1BA) rented for $1,100/mo; remodeled in 2025
- Unit B (1BR/1BA) rented for $1,025/mo and includes a front porch
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 | $34.6k | $15.36 |
| − Vacancy | −$1.7k | −$0.77 |
| EGI | $32.8k | $14.59 |
| − OpEx | −$9.8k | −$4.38 |
| NOI | $23.0k | $10.21 |
2,250 SF · lease $15.36/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.3K
$287.3K – $383.0K
NOI $22,982 @ 7.0% cap · market cap 8.84%
Second Best
Apartment 5plus
$293.8K
$257.1K – $342.7K
NOI $20,564 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$563.1K
$492.8K – $657.0K
NOI $39,420 @ 7.0% cap · market cap 15.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained 3-flat with three units, central air, and shared laundry access.
Where is this triplex located?
The property is located at 613 Webster Street Ottawa, IL.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: 1915‑built, well‑maintained 3‑flat with three rental units in Ottawa; Unit A (2BR/1BA) rented for $1,100/mo; remodeled in 2025; Unit B (1BR/1BA) rented for $1,025/mo and includes a front porch
