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    621 Chapel Street Ottawa, IL 61350

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    For Sale
    $360,000

    MULTI_FAMILY - Ottawa, IL

    Lot size:
    0.32 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    95
    Last Refresh:
    Apr 28 at 4:06 pm

    Property Features for 621 Chapel Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 7, Utility Room, Bedroom 2, Bathroom 1, Bathroom 3, Laundry Room, Bathroom 4, Bedroom 6, Bedroom 4, Bathroom 2
    Patio and Porch features
    Porch
    Exterior features
    Balcony
    Basement
    Crawl Space
    Standard status
    Active
    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
    Natural Gas, Forced Air
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Asphalt, Flat

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    Listing Contact
    Phil Makarewicz
    Phil Makarewicz

    Listing agent Phil Makarewicz License #475138878

    Listing office Keller Williams Innovate 2430 W. Indian Trail Rd #203, Aurora, IL

    Listing date Jan 23, 2026

    MLS# 12551792 Listing URL

    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.


    Overview

    Ottawa Multifamily Investment Opportunity

    This four-unit multifamily property, zoned for multi-family use, presents an investment opportunity with the potential for a fifth unit. The property is currently producing an 8.7% capitalization rate, with opportunities for improvement through long-term tenants or short-term rentals. Situated in the historic district of Ottawa, Illinois, it is within walking distance of downtown, offering a variety of restaurants and shopping options. Recent improvements, completed in 2024-25, include a newly renovated unit, a new roof, gutters, soffit, fascia, and exterior paint. The property is located on a 0.32-acre lot. Two units have separate utilities, while the other two share utilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ottawa
    County
    LaSalle
    State
    Illinois
    Longitude
    -88.83204
    Latitude
    41.348118

    FAQs

    What type of property is this?
    Quadplex - Four-unit multifamily property with potential for a fifth unit.
    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: High 8.7% Cap Rate with potential for improvement.; Zoned multi‑family with 4 units and potential for a 5th unit.; Recent renovations including **new roof, gutters, soffit, fascia, and exterior paint (2024‑2025)**.
    More about this property
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