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Renovated 3-Unit Apartment Building
For Sale
$339,900

646 Webster Street, Ottawa, IL 61350

Separate furnaces and water heaters serve each residence, with laundry hookups provided in all three units.

Property SizeContact for details
Days on Market9

Property Features for 646 Webster Street

General Information

Standard status Active
Total Parking Spaces 3
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,853

Building Details

Year Built 1901
Buildings 1
Listing Agency: Coldwell Banker Real Estate Group
Listed By: James Skorupa · License #471004588
Source: Blackcastleprop
Added: Oct 19 Changed: Oct 25 Last Checked: Oct 26 at 3:40AM

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 Coldwell Banker Real Estate Group

Rey
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Investment Insights

Based on property information with market context.

This 3-unit apartment building, constructed in 1901, has undergone extensive updates. Improvements include new electrical and USB outlets, plumbing work, updated kitchens and bathrooms, and new flooring and finishes. Nearly all windows and interior and exterior doors have been replaced, along with the roof and siding. New porches have also been added. Each unit has its own furnace and water heater, plus laundry hookups.

The property is in Ottawa’s Historic District, in a walkable downtown setting. Its three-unit configuration and individual mechanical systems provide a distinct setup for residential occupancy.

Key Highlights

  • Three residential units in a building constructed in 1901
  • New electrical, including USB outlets, plus updated plumbing
  • Updated kitchens and bathrooms; new flooring and finishes

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

883
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Triplex - Separate furnaces and water heaters serve each residence, with laundry hookups provided in all three units.
Where is this triplex located?
The property is located at 646 Webster Street Ottawa, IL.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three residential units in a building constructed in 1901; New electrical, including USB outlets, plus updated plumbing; Updated kitchens and bathrooms; new flooring and finishes
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