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    Ottawa, IL Quadplexes for Sale

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    Marseilles, IL Grand Ridge, IL North Utica, IL
    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
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    Ottawa Multifamily Investment Opportunity
    $360,000
    0.32 Acres
    Ottawa Multifamily Investment Opportunity

    621 Chapel Street, Ottawa, IL 61350

    Four-unit multifamily property with potential for a fifth unit.
    • High 8.7% Cap Rate with potential for improvement.
    • Zoned multi‑family with 4 units and potential for a 5th unit.
    • Recent renovations including new roof, gutters, soffit, fascia, and exterior paint (2024‑2025).
    • Located in the historic district of Ottawa IL.
    • Walking distance to downtown restaurants and shopping.
    Updated: Jan 23
    View details
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ottawa, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Sycamore Multifamily Investment Opportunity
    $575,000
    5,200 SF
    Sycamore Multifamily Investment Opportunity

    Well-maintained four-unit property with recent upgrades and strong rental potential.

    247-253 N Cross Street, Sycamore, IL 60178

    View details
    Income Property on Grant Highway
    $395,000
    0.60 Acres
    Income Property on Grant Highway

    Four-unit income property with development potential on 0.6 acres.

    722/724 W Grant Highway, Marengo, IL 60152

    View details
    Well-Maintained Four-Unit Investment Property
    $575,000
    5,200 SF
    Well-Maintained Four-Unit Investment Property

    Low-maintenance, four-unit property with recent upgrades and strong rental demand.

    247-253 N Cross Street, Sycamore, IL 60178

    View details
    Four-Unit Income Property
    $395,000
    0.60 Acres
    Four-Unit Income Property

    Four rental units on a sizable frontage parcel with separate electric billing, offered for sale as-is in a B2 area.

    722/724 W Grant Highway, Marengo, IL 60152

    View details

    Ottawa, IL Quadplexes Investment Opportunities Market Analysis

    Explore 2 quadplexes for sale in Ottawa, IL 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 $1,155,000.

    Sale prices for four-unit buildings in Ottawa, IL start at $360,000, averaging $577,500, 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

    Duplexes 3
    Quadplexes 2
    Short term rental properties 1
    Triplexes 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 median listing prices of real estate assets

    Neighborhood Average Price
    61350 $577.5K

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

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