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    Ottawa, IL
    Multifamily

    Ottawa, IL Multifamily Properties for Sale

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    Marseilles, IL Utica, IL Grand Ridge, IL North Utica, IL La Salle, IL Seneca, IL Oglesby, IL Sheridan, IL
    Four-Unit Apartment Building
    Updated: May 14
    Four-Unit Apartment Building

    119 E Superior Street, Ottawa, IL 61350

    $269,900
    0.17 AC lot
    Four‑unit apartment property with all four units currently rented
    Three of four units extensively remodeled in 2025
    Each unit includes a refrigerator, stove, window A/C unit, and individual heating controls
    New blacktop driveway and two new water heaters installed in 2025
    Asphalt‑shingle roof from 2016 and vinyl siding added in 2020
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    4-Unit Quadplex with Balcony
    Updated: Jan 23
    4-Unit Quadplex with Balcony

    621 Chapel Street, Ottawa, IL 61350

    $360,000
    0.32 AC lot
    4‑unit quadplex zoned multi‑family with reported 8.7 cap rate
    0.32‑acre lot with brick construction
    Balcony and porch
    Two units have separate utilities; two units share utilities
    Exterior improvements completed 2024‑2025 including new roof, gutters, soffit, fascia, and exterior paint
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    Multifamily Property with MULTI Zoning
    Multifamily Property with MULTI Zoning

    718 Arch Street, Ottawa, IL 61350

    $347,500

    Multifamily property listed for sale in Ottawa, IL, zoned MULTI.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Remodeled Brick Duplex
    Remodeled Brick Duplex

    702 4th Avenue, Ottawa, IL 61350

    Contact for pricing

    Solid brick duplex offers two remodeled two-bedroom, 1.5-bath units with a large backyard and brand-new back deck.

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    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 4 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

    Opportunities in Nearby Cities

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

    RV Park Lot with Travel Trailer
    RV Park Lot with Travel Trailer

    2795 E 28th Lot 621 Road, Seneca, IL 61360

    $35,000
    0.11 AC lot

    Flat lot in a gated RV community backing to a creek; includes a 2018 travel trailer and new rooftop A/C.

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    RV Park Model Lot
    RV Park Model Lot

    2795 E 28th Lot 1400 Road, Seneca, IL 61360

    $74,500
    0.11 AC lot

    Gated RV campground lot with a 2009 park model, paved driveway, and a rebuilt deck with a gazebo included.

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    Gated Campground Lot with Park Model
    Gated Campground Lot with Park Model

    2795 E 28th Lot 661 Road, Seneca, IL 61360

    $70,000

    2016 Kropf park model on Category 2 lot with covered deck and included appliances in a gated RV community.

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    Two-Story Victorian with Commercial Kitchen
    Two-Story Victorian with Commercial Kitchen

    131 E Church Street, Utica, IL 61373

    Contact for pricing

    Main level includes an equipped commercial kitchen; upstairs is zoned for Airbnb use.

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    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
    APARTMENT HOUSE (5+ UNITS)

    41 Great Loop W Dr, Ottawa, IL 61350-9109

    $145,000
    Estimated value
    0.18 AC lot
    View details
    626 Madison St
    Multifamily properties

    626 Madison St, Ottawa, IL 61350

    Value Estimation by Request
    6,288 sqft
    View details
    1201-1217 Illinois Ave
    Multifamily properties

    1201-1217 Illinois Ave, Ottawa, IL 61350

    Value Estimation by Request
    6,724 sqft
    View details

    Ottawa, IL Multifamily Properties Market Trends and Statistics

    Explore 7 multifamily properties for sale in Ottawa, IL, showcased through 4 active listings on our real estate platform.

    Sale prices for multifamily properties in Ottawa, IL start at $269,900, averaging $325,800, and reaching up to $360,000 — 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

    Commercial property segments ranked by active listings on the market

    Duplexes 2
    Quadplexes 2
    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 Investment

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

    Neighborhood Average Price
    61350 $382K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaSalle County

    New Delisted

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