Price Reduced Listing
626-630 W Madison Street , Ottawa, IL 61350
Ottawa, IL 61350
Description
Proud to announce this 7 unit mixed use building is available immediately for sale in Ottawa, IL. Features two retail spaces 1250sf each, three two-bedroom apartments, two one-bedroom apartments, and a 4 stall detached garage 1000sf. All of the apartments are larger than average. One of the apartments #5 features a private yard and entry. City of Ottawa has already pre-approved converting the two retail spaces into residential units so that has huge value add potential for the rent roll. Market rent for 1br is $800, market rent for 2br is $1000. The city of Ottawa is on I-80 and not far from I-39/51. Ottawa is a river town with considerable growth: new rooftops, shopping, many dining options, shops, two marinas. Subject property is walking distance to downtown. Roof 2018. Other recent improvements. Two units remodeled in the last couple years. Landlord pays water/sewer. Inquire for rent roll. No showings of occupied units until executed contract so as not to disturb the tenants. DO NOT DISTURB TENANTS - ALL QUESTIONS GO TO THE LIST BROKER. Broker Owned. Offered As-Is.
Details
| MLS# | 12014861 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1866 |
| Days On Site | 295 |
| Listing Provided By | O'Neil Property Group, LLC | Franklin Peterson |
Features
| SQ Feet | 6,288 |
|---|---|
| Story(s) | 2 |
| Units | 7 |
Market Activity 61350
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Learn More About This Property
| State | IL |
|---|---|
| County | LaSalle |
| City | Ottawa |
| Zip Code | 61350 |
| Area | Danway | Dayton | Naplate | Ottawa | Prairie Center |
| Listing VS Median (in 61350) | |
Price: $275,000 low | high Med: $209,900 SqFt: 6,288 low | high Med: 1,258 $ / SqFt: $44 low | high Med: $167 On Site: 295 low | high Med: 48.000000 | |