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Ottawa, IL

Multifamily

Ottawa, IL Multifamily Properties for Sale

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Marseilles, IL Grand Ridge, IL North Utica, IL

New Multifamily Investment Opportunity

Updated: Feb 10

New Multifamily Investment Opportunity

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

$795,000

3.23 AC lot

Newer construction: built in 2023 with vinyl siding and an asphalt roof
8‑lot subdivision on 2.59 acres with zoning for single‑family or duplex use
4‑unit X2 duplex setup, fully occupied; cash flowing under market rents at $1,300 per unit
Each unit is 925 SF with a 2‑bedroom, 1‑bath layout and an open kitchen/living concept
Utilities: tenant pays water and electric; water source is public and sewer is public sewer

Two-Unit Residential Income Duplex

Updated: Jun 6

Two-Unit Residential Income Duplex

611 Webster Street, Ottawa, IL 61350

$199,900

Well‑maintained 2‑unit (2‑flat) home built in 1910 with public water and public sewer
Unit A (1 bed/1 bath) rented for $1,105/month; includes remodeled eat‑in kitchen and enclosed front porch used as a 2nd bedroom
Unit B (2 bed/1 bath) rented for $980/month; features a dining area and spacious living room
Both units are month‑to‑month; tenants pay gas and electric while owner pays water, sewer, and garbage
Both units have central air, kitchen appliances, and washer/dryer; Unit A tenant also has basement laundry and storage access

Three-Unit Multifamily Building

Three-Unit Multifamily Building

613 Webster Street, Ottawa, IL 61350

$259,900

Well-maintained 3-flat with central air, in-unit appliance sets, and shared washer and dryer access.

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Ottawa Multifamily Investment Opportunity

Ottawa Multifamily Investment Opportunity

621 Chapel Street, Ottawa, IL 61350

$360,000

0.32 AC lot

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

Two-Unit Duplex with Separate Entrances

Two-Unit Duplex with Separate Entrances

520/522 E Main Street, Ottawa, IL 61350

$269,000

Spacious two-story duplex with mirror-image units, offering main-floor living and upper-level bedrooms.

Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 5 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 in Downtown Sandwich

Mixed-Use Building in Downtown Sandwich

8 E Railroad Street, Sandwich, IL 60548

$925,000

24,000 sqft · 0.71 AC lot

10-unit mixed-use building with retail space and apartments.

Multifamily Property with Storage Garage

Multifamily Property with Storage Garage

1015 douglas Street E, Morris, IL 60450

$600,000

Five rented apartments plus a large storage garage with overhead doors support flexible residential and storage operations.

Two-Unit All-Brick Ranch Duplex

Two-Unit All-Brick Ranch Duplex

301-303 Carriage Drive, Morris, IL 60450

$445,000

Two separate units with in-unit laundry, private garages, and full basements—an all-brick ranch duplex in Morris.

Mixed-Use Building in Downtown Sandwich

Mixed-Use Building in Downtown Sandwich

8 E Railroad Street, Sandwich, IL 60548

$975,000

24,000 sqft

Ten-unit mixed-use building with retail and apartments in Sandwich, IL.

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.

University Park Developable Land

University Park Developable Land

976 Mesa Court, University Park, IL 60484

Contact for pricing

3.20 AC lot

3.2 acres with 24 concrete housing pads in University Park.

Land For Sale, Lakemoor, IL

Land For Sale, Lakemoor, IL

27 Oyster Bay, Lakemoor, IL 60051

Contact for pricing

0.12 AC lot

Commercial land available in Lakemoor, Illinois.

Wooded Homesite in Wheatfield, Indiana

Wooded Homesite in Wheatfield, Indiana

4418 Oakland Court, Wheatfield, IN 46392

Contact for pricing

0.57 AC lot

Spacious, wooded 0.57-acre lot in established neighborhood.

Commercial Land Development Parcel

Commercial Land Development Parcel

17039 Hillside Lane, Jerseyville, IL 62052

$70,000

2.10 AC lot

Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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

Value Estimation by Request

0.18 AC lot

Multifamily properties

626 Madison St, Ottawa, IL 61350

Value Estimation by Request

6,288 sqft

1201-1217 Illinois Ave

Multifamily properties

1201-1217 Illinois Ave, Ottawa, IL 61350

Value Estimation by Request

6,724 sqft

Ottawa, IL Multifamily Properties Market Trends and Statistics

Explore 8 multifamily properties for sale in Ottawa, IL, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,883,800.

Sale prices for multifamily properties in Ottawa, IL start at $199,900, averaging $376,760, and reaching up to $795,000 — 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

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	$376.8K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in LaSalle County

New Delisted

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