Quadplex

Ottawa, IL Quadplexes for Sale

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Marseilles, IL Grand Ridge, IL North Utica, IL Utica, IL La Salle, IL Seneca, IL Oglesby, IL Sheridan, IL
Renovated 4-Unit Apartment Building
Updated: May 14
Renovated 4-Unit Apartment Building

119 E Superior Street, Ottawa, IL 61350

$269,900
0.17 AC lot
Well‑maintained 4‑unit apartment complex with all four units currently rented at $850/month
About $41,000 in annual gross rental income
Three units extensively remodeled in 2025
Each unit includes its own refrigerator, stove, window A/C unit, and individual heating controls
Tenants pay their own gas and electric utilities
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Ottawa Multifamily Investment Opportunity
Updated: Jan 23
Ottawa Multifamily Investment Opportunity

621 Chapel Street, Ottawa, IL 61350

$360,000
0.32 AC lot
4‑unit multi‑family building zoned for multi‑family, with potential for a 5th unit
Currently producing an 8.7 cap rate, with room for improvement for long‑term tenants or Airbnb use
Recent upgrades in 2024–2025: newly renovated unit, new roof, gutters, soffit, fascia, and exterior paint
Brick construction with flat asphalt roof
Public utilities: public water and public sewer
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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.

Four-Unit Ranch Apartment Building
Four-Unit Ranch Apartment Building

1620 Suydam Road, Sandwich, IL 60548

$599,700
0.66 AC lot

Well-maintained four-unit ranch property with two-bedroom layouts, individual utilities, and dedicated garage bays.

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Fully Occupied Quadplex for Sale
Fully Occupied Quadplex for Sale

304 Wilshire Drive, Sandwich, IL 60548

$469,900
0.33 AC lot

Four-unit, fully occupied income property with coin-operated laundry and owner-paid water.

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Three-Story Brick Mixed-Use Building
Three-Story Brick Mixed-Use Building

1016 State Street, Lockport, IL 60441

$1,599,999
0.08 AC lot

Three-story brick building with four residential rentals and a storefront/office space, fully leased.

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Downtown Lockport Investment Opportunity
Downtown Lockport Investment Opportunity

1016 S State St, Lockport, IL 60441

$1,599,999

New construction mixed-use property in prime downtown location.

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Ottawa, IL Quadplexes Market Trends and Statistics

Explore 2 quadplexes for sale in Ottawa, IL on our real estate platform.

Sale prices for four-unit buildings in Ottawa, IL start at $269,900, averaging $314,950, 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 3
Quadplexes 2
Triplexes 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 $577.5K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in LaSalle County

New Delisted

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