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Historic 32-Unit Apartment Building
For Sale
$2,000,000

820 Columbus Street, Ottawa, IL 61350

Brick construction, period details, and new boiler systems define this multifamily property.

Property SizeContact for details
Days on Market193

Property Features for 820 Columbus Street

General Information

Standard status Active
Property subtype Multi Family 5+ / Multi Family 5+-Courtyard
Net Operating Income $162,514

Taxes and HOA fees

Annual Taxes $19,262

Building Details

Year Built 1925
Stories 3
Listing Agency: Horvath & Tremblay IL, LLC
Listed By: Thomas Shanley · License #475207055
Source: Compass
Added: Feb 18 Changed: Aug 30 Last Checked: Mar 25 at 1:14PM

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 Horvath & Tremblay IL, LLC

Investment Insights

Based on property information with market context.

Built in 1925, this 32-unit apartment property combines brick construction with historic interior details, including high ceilings, oversized windows, and original millwork. The layouts provide spacious floor plans and abundant natural light, while a recently installed boiler system upgrade adds modern building infrastructure.

The property is located at 820 Columbus Street in Ottawa, Illinois. Its apartment configuration and blend of period character with updated mechanical systems provide a distinctive multifamily asset with established physical improvements.

Key Highlights

  • 32‑unit apartment property built in 1925
  • Brick building with high ceilings, oversized windows, and original millwork
  • Recently installed boiler systems

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Big Box & Wholesale Store Electrical Service Garden Center (Bike/Boat/Book/etc) Store Real Estate Agency Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,043
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction, period details, and new boiler systems define this multifamily property.
Where is this apartment building located?
The property is located at 820 Columbus Street Ottawa, IL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 32‑unit apartment property built in 1925; Brick building with high ceilings, oversized windows, and original millwork; Recently installed boiler systems
More about this property
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