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    Ottawa, IL Multifamily Properties for Sale

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    Marseilles, IL North Utica, IL Utica, IL
    New Duplex Near Downtown Ottawa
    $320,000
    1,850 SF

    New Duplex Near Downtown Ottawa

    201 24th Avenue, Ottawa, IL 61350

    New duplex near downtown Ottawa and Starved Rock State Park.

    • New construction duplex built in 2023.
    • Fully occupied, generating cash flow.
    • Each unit features 2 beds, 1 bath, and an open kitchen/living room concept.
    • Located minutes from downtown Ottawa and Starved Rock State Park.
    • Tenants pay water and electric.
    Updated: Feb 10
    View details
    New Multifamily Investment Opportunity
    $795,000
    3.23 Acres

    New Multifamily Investment Opportunity

    201, 311, & Lot's 3-10 24th Avenue, Ottawa, IL 61350

    Four units built in 2023, fully occupied, near downtown Ottawa.

    • Four fully occupied, cash‑flowing units built in 2023.
    • 2.59 acres subdivided into 8 lots zoned for single family or duplexes.
    • Located minutes from downtown Ottawa and Starved Rock State Park.
    • Each unit features 2 beds, 1 bath, and an open kitchen/living room concept.
    • Tenants pay water and electric.
    Updated: Feb 10
    View details
    Ottawa Multifamily Investment Opportunity
    $360,000
    0.32 Acres

    Ottawa Multifamily Investment Opportunity

    Four-unit multifamily property with potential for a fifth unit.

    621 Chapel Street, Ottawa, IL 61350
    View details
    Based on your search, we've compiled 14 Potential Opportunities for your consideration. Besides 3 Active listings in Ottawa, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Apartment Potential
    $349,900
    0.20 Acres

    Mixed-Use Building with Apartment Potential

    Mixed-use building with six apartments and retail space potential.

    La Salle, IL 61301
    View details
    Cabin-Style Park Model at Woodsmoke
    $78,500
    0.11 Acres

    Cabin-Style Park Model at Woodsmoke

    Furnished park model with amenities in a gated community.

    2795 E 28th Lot 1400 Road, Seneca, IL 61360
    View details
    Woodsmoke Ranch Vacant Lot
    Contact for pricing
    0.11 Acres

    Woodsmoke Ranch Vacant Lot

    Vacant lot in gated campground community with amenities.

    2795 E 28th Lot 1409 Road, Seneca, IL 61360
    View details
    LaSalle Bar with Residential Income
    $174,999
    2,800 SF

    LaSalle Bar with Residential Income

    Bar with rental apartment and outdoor development potential.

    945 1st St, La Salle, IL 61301
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Lot in Gated Community
    Contact for pricing
    0.12 Acres

    Vacant Lot in Gated Community

    Vacant lot in gated community with many amenities for seasonal living.

    2795 E 28th Lot 1205 Road, Seneca, IL 61360
    View details
    University Park Developable Land
    Contact for pricing
    3.20 Acres

    University Park Developable Land

    3.2 acres with 24 concrete housing pads in University Park.

    976 Mesa Court, University Park, IL 60484
    View details
    Belleville Buildable Residential Lot
    Contact for pricing
    0.63 Acres

    Belleville Buildable Residential Lot

    0.66 acre lot in Villa Hills, St. Clair County.

    632 Fern Drive, Belleville, IL 62223
    View details
    Belleville Land For Sale
    Contact for pricing
    0.60 Acres

    Belleville Land For Sale

    0.60 acre vacant lot in Villa Hills.

    636 Fern Drive, Belleville, IL 62223
    View details

    Off-Market Properties in Ottawa, IL

    Consider similar Off-Market properties in Ottawa, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    41 Great Loop W Dr

    41 Great Loop W Dr

    APARTMENT HOUSE (5+ UNITS) • 0.18 Acres
    Value Estimation by Request
    41 Great Loop W Dr, Ottawa, IL 61350-9109
    View details
    626 Madison St

    626 Madison St

    Multifamily properties • 6,288 SF
    Value Estimation by Request
    626 Madison St, Ottawa, IL 61350
    View details
    1201-1217 Illinois Ave

    1201-1217 Illinois Ave

    Multifamily properties • 6,724 SF
    Value Estimation by Request
    1201-1217 Illinois Ave, Ottawa, IL 61350
    View details

    Ottawa, IL Multifamily Properties Investment Opportunities Market Analysis

    Explore 6 multifamily properties for sale in Ottawa, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 1,850 square feet of properties for sale, with an estimated market value of $320,000.

    Sale prices for multifamily properties in Ottawa, IL start at $320,000, averaging $320,000, and reaching up to $320,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Quadplexes 2
    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 24K
    Population Growth (5Y) +0.7%
    Median Household Income $77,562
    College Educated 27.7%

    High-Yield Neighborhoods for Strategic Investment

    Identify Ottawa submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    61350 $456.2K

    Taxes & Financing

    Average Loan-to-Value 65.0%

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