4-Unit Quadplex with
For Sale
Under Contract
$360,000
621 Chapel Street, Ottawa, IL 61350
Residential Income, Ottawa, IL
Property SizeContact for details
Lot Size0.32 Acres
Days on Market209
Property Features for 621 Chapel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 7, Laundry Room, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Utility Room, Bathroom 3, Bedroom 1, Bedroom 3
Patio and Porch features
Porch
Exterior features
Balcony
Basement
Crawl Space
Elementary school district
141
Middle school district
141
High school district
140
Directions
From East Main St go North on York St. Turn East ( right ) on Chapel St.
Subdivision
Danway / Dayton / Naplate / Ottawa / Prairie Center
Standard status
Active Under Contract
APN
2112138003
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4290
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1900
Building materials
Brick
Roof type
Flat, Asphalt
Listing Agency:
Keller Williams Innovate · Keller Williams Realty
(630) 423-8223
Listed By:
Phil Makarewicz · License #475138878
(630) 423-8223
Added: Jan 23
Changed: Aug 20
Last Checked: Aug 20 at 3:06PM
MLS# 12551792
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 4-unit quadplex is zoned for multi-family use and includes a balcony. The property is reported to be producing an 8.7 cap rate, with opportunity to improve performance whether used with long-term tenants or for short-term rentals.
Recent exterior updates were completed in 2024-2025, including a newly renovated unit, new roof, gutters, soffit, fascia, and exterior paint. Two units have separate utilities, while two units share utilities. The building is of brick construction and features forced air heating with natural gas. It has public water and public sewer service.
Built in 1900, the property sits on a 0.32-acre lot and includes a porch, along with flat and asphalt roofing.
Recent exterior updates were completed in 2024-2025, including a newly renovated unit, new roof, gutters, soffit, fascia, and exterior paint. Two units have separate utilities, while two units share utilities. The building is of brick construction and features forced air heating with natural gas. It has public water and public sewer service.
Built in 1900, the property sits on a 0.32-acre lot and includes a porch, along with flat and asphalt roofing.
Key Highlights
- 4‑unit quadplex zoned multi‑family with reported 8.7 cap rate
- 0.32‑acre lot with brick construction
- Balcony and porch
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
759
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - 4-unit quadplex zoned for multi-family, with public water and sewer and updated exterior work completed in 2024-2025.
Where is this quadplex located?
The property is located at 621 Chapel Street Ottawa, IL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 4‑unit quadplex zoned multi‑family with reported 8.7 cap rate; 0.32‑acre lot with brick construction; Balcony and porch
