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    Ottawa, IL Residential Income Properties for Sale

    8 results
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    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

    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
    New Duplex Near Downtown Ottawa
    $320,000
    0.34 Acres

    New Duplex Near Downtown Ottawa

    New duplex near downtown Ottawa and Starved Rock State Park.

    201 24th Avenue, Ottawa, IL 61350
    View details
    Ottawa, IL Multi-Unit Building
    $179,000
    0.30 Acres

    Ottawa, IL Multi-Unit Building

    Three-unit apartment building in Ottawa, IL, with investment potential.

    1248 Ottawa Avenue, Ottawa, IL 61350
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    Ottawa, IL Two-Unit Duplex
    $160,000

    Ottawa, IL Two-Unit Duplex

    Well-maintained duplex in Ottawa, IL, perfect for generating rental income.

    718 W Jackson Street, Ottawa, IL 61350
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    Turn-Key Ottawa Income Property
    $194,428

    Turn-Key Ottawa Income Property

    Fully leased duplex generating immediate cash flow in Ottawa, IL.

    702 E Joliet Street, Ottawa, IL 61350
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    Former Montgomery Ward Building
    $474,900
    0.13 Acres

    Former Montgomery Ward Building

    Four-level commercial building in Ottawa, Illinois with redevelopment potential.

    800 La Salle Street, Ottawa, IL 61350
    View details
    Multi-Unit Investment Opportunity in Ottawa
    $349,999

    Multi-Unit Investment Opportunity in Ottawa

    Multi-unit property with four units and a four-car garage.

    718 Arch Street, Ottawa, IL 61350
    View details
    Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 8 Active listings in Ottawa, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Explore Opportunities in Nearby Cities

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

    Furnished Park Model in Gated Community
    $35,000
    0.11 Acres

    Furnished Park Model in Gated Community

    Comfortable, versatile park model in Woodsmoke Ranch, near amenities.

    2795 E 28th Lot 1190 Road, Seneca, IL 61360
    View details
    Lot in Gated Community
    Contact for pricing
    0.11 Acres

    Lot in Gated Community

    Maintenance-free lot with amenities in Woodsmoke Ranch, Seneca, IL.

    2795 E 28th Lot 891 Road, Seneca, IL 61360
    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

    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.

    Residential Lot in Pembrook Subdivision
    $40,900
    0.41 Acres

    Residential Lot in Pembrook Subdivision

    Residential lot in Ottawa, IL, with access to recreational park.

    1402 SHAWS Lane lot: 37, Ottawa, IL 61350
    View details
    Residential Land in Pembrook Subdivision
    $40,900
    0.40 Acres

    Residential Land in Pembrook Subdivision

    Desirable corner lot with access to recreational park.

    1404 WALTER Way, Ottawa, IL 61350
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    Residential Land in Pembrook Subdivision
    $40,900
    0.44 Acres

    Residential Land in Pembrook Subdivision

    Desirable 0.44 acre lot with recreational park access.

    1401 SHAWS Lane, Ottawa, IL 61350
    View details
    Residential Lot in Pembrook Subdivision
    $40,900
    0.29 Acres

    Residential Lot in Pembrook Subdivision

    Desirable residential lot with recreational park access in Ottawa, IL.

    1405 Shaws Lane, Ottawa, IL 61350
    View details

    Explore 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
    801 Etna Rd

    801 Etna Rd

    Land
    Value Estimation by Request
    801 Etna Rd, Ottawa, IL 61350
    View details
    801 Etna Rd

    801 Etna Rd

    Land • 7.75 Acres
    Value Estimation by Request
    801 Etna Rd, Ottawa, IL 61350
    View details

    Ottawa, IL Residential Income Properties Investment Opportunities Market Analysis

    Explore 13 residential income properties for sale in Ottawa, IL, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 196,059 square feet of properties for sale, with an estimated market value of $2,273,900.

    Sale prices for residential income properties in Ottawa, IL start at $145,000, averaging $378,983, 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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    Most Searched ZIP Codes in Ottawa, IL

    • 61350

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