Courtesy: Allison Towne Realty, Inc.
815-609-1000
HOUSE HACKERS and INVESTORS wanted! Did you know that as a FIRST-TIME HOMEBUYER-or ANY BUYER planning to occupy the property as their primary residence-you can purchase a 2-unit, 3-unit, or even a 4-unit property? By living in one unit and renting out the others, you may be able to use the rental income to help qualify for the mortgage and offset your monthly housing expenses. This strategy, often called "house hacking," can be a great way to start building wealth through real estate while enjoying the benefits of homeownership. INVESTORS, add a solid income-producing property to your portfolio. Well-maintained 2-story 2-flat in the heart of Ottawa! The 1st-floor UNIT A is currently rented for $1,105 per month. It includes 1 bedroom, 1 bathroom, a remodeled eat-in kitchen, a spacious living room, and an enclosed front porch currently used as a 2nd bedroom. The Unit A tenant also enjoys use of the basement with laundry and storage and a 2.5-car garage with. The 2nd-floor UNIT B is currently rented for $980 per month. The unit features 2 bedrooms, 1 bathroom, a dining area, and a spacious living room. Both tenancies are month-to-month. Tenants pay gas and electric. Owner pays water, sewer, and garbage. Both units feature central air, kitchen appliances, plus washer and dryer. Most thermo-pane windows have been replaced within the last 5 to 7 years, with the exception of the front bay window. Looking to expand your portfolio? The neighboring property at 613 Webster Street, a 3-unit building, is also available for sale. LOCATION, LOCATION, LOCATION! Situated in the heart of Ottawa and within walking distance to downtown, you'll enjoy easy access to the new YMCA, local restaurants, shops, the summer farmers market, winter Kris Kringle Market, seasonal wine and beer festivals, and more. Just minutes from Starved Rock State Park and Matthiessen State Park, with convenient access to Route 6 and I-80 for an easy commute. CONTACT THE LISTING BROKER for a list of major area employers, economic development information, and upcoming city growth and expansion plans. STELLAR LOCATION!
Courtesy: RE/MAX 1st Choice
815-434-3337
This solid brick duplex at the end of a quiet dead-end street on Ottawa's south side is a rare turnkey find for an investor or an owner-occupant looking to supplemant their mortgage. Both units have been remodeled with a functional two-bedroom, 1.5-bath layout, bridging the gap between historic character and modern rental demands. Recent updates provide immediate move-in readiness and long-term mechanical peace of mind. The property sits on a lot with a large backyard while featuring a brand-new back deck, offering the kind of private outdoor space that significantly increases tenant retention. Tucked away from through-traffic yet close to local amenities, this duplex is a high-utility asset ready for immediate occupancy.
Courtesy: Keller Williams Innovate
630-423-8223
X2 Duplex's for a total of 4 units and 2.59 acres subdivided into 8 lots zoned for single family or duplex's. Units built in 2023 are fully occupied, cash flowing under market rents currently at $1300 per unit. Each unit equipped with 925sf, 2 bed, 1 bath, open kitchen/living room concept and everything near new condition. Tenant pays water & electric. Located min from downtown Ottawa and Starved Rock State Park.
Courtesy: Keller Williams Innovate
630-423-8223
ATTENTION INVESTORS! Zoned multi-family this 4 unit with potential for 5th is currently producing 8.7 cap rate with lots of room for improvement whether long term tenants or airbnb. Located in the historic district of Ottawa IL and walking distance of downtown which offers much variety of restaurants and shopping. Many recent improvments including newly renovated unit, new roof, gutters, soffit, fascia, exterior paint, all in 2024-25. 2 units have separate utilites and 2 units share utilties.
Courtesy: GenStone Realty
312-471-2739
718 Arch St in Ottawa, IL offers a unique multi-unit investment opportunity with four total units split between two separate buildings, plus a spacious 4-car detached garage. Each building contains two units, providing flexibility for rental income or owner occupancy. The layout allows for multiple income streams and reduced vacancy risk, making it an excellent choice for investors seeking strong cash flow potential. Conveniently located near local amenities and major routes, this property combines functionality, versatility, and long-term earning potential in one attractive package.
Ottawa is located in Illinois. Ottawa, Illinois has a population of 18,719. Ottawa is more family-centric than the surrounding county with 29.04% of the households containing married families with children. The county average for households married with children is 25.66%.
The median household income in Ottawa, Illinois is $61,083. The median household income for the surrounding county is $62,825 compared to the national median of $69,021. The median age of people living in Ottawa is 39.7 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 14.4 degrees. The average rainfall is approximately 37 inches per year, with 21.1 inches of snow per year.
