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Ottawa, IL Multifamily Homes & Duplexes for Sale

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  • /29

    $282,500

    • 4 Beds
    • 4 Baths

    702 4th Ave, Ottawa, IL 61350

    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

    Agent Photo

    Doug Carroll

    RE/MAX 1st Choice

    (815) 542-2098

    702 4th Ave, Ottawa, IL 61350
  • /2

    $224,999

    • 4 Beds
    • 2 Baths

    213 Deleon St, Ottawa, IL 61350

    213 DeLeon St in Ottawa, IL features two nicely updated units, offering a fantastic opportunity for both investors and owner-occupants. Each unit has been refreshed with thoughtful updates throughout, creating a comfortable and attractive living space. This property could serve as a strong cash-flowing asset with solid rental potential, or as an ideal setup to live in one unit while renting the

    Caden Wakim GenStone Realty

    213 Deleon St, Ottawa, IL 61350
  • /20

    $795,000

    • 8 Beds
    • 4 Baths

    201, 311, & Lot's 3- 24th Ave, Ottawa, IL 61350

    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

    Phil Makarewicz Keller Williams Innovate

    201, 311, & Lot's 3- 24th Ave, Ottawa, IL 61350
  • /25

    $4,650,000

    200 Great Loop Dr, Ottawa, IL 61350

    Exceptional opportunity to acquire a 16-unit portfolio comprised of four newer four-unit buildings, each situated on its own separate lot and PIN within Heritage Harbor in Ottawa, Illinois. Built in 2023, these properties offer modern construction with durable, low-maintenance materials designed for efficient ownership and long-term performance. All units are fully furnished and turnkey, with

    Jacob Valle Heritage Select Realty

    200 Great Loop Dr, Ottawa, IL 61350
  • /14

    $320,000

    • 4 Beds
    • 2 Baths

    201 24th Ave, Ottawa, IL 61350

    Duplex built in 2023, fully occupied, cash flow 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. Another 2 units available next door for same price with additional lots also available for

    Phil Makarewicz Keller Williams Innovate

    201 24th Ave, Ottawa, IL 61350
  • /30

    $244,999

    • 5 Beds
    • 5 Baths

    608 W Madison St, Ottawa, IL 61350

    Great Investment Opportunity located in beautiful downtown Ottawa! This rental property includes 3 Units. One of them being a beautiful home. This home includes a loft master suite with an abundance of storage, jacuzzi tub, skylights, and a private upper deck located right off the master suite! The lower floor of the home is an open concept floor plan. This home has a paved lower deck, vinyl

    Bethany Coleman-Weger Local Realty Group, Inc.

    608 W Madison St, Ottawa, IL 61350
  • /13

    $360,000

    • 7 Beds
    • 4 Baths

    621 Chapel St, Ottawa, IL 61350

    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,

    Phil Makarewicz Keller Williams Innovate

    621 Chapel St, Ottawa, IL 61350

Why Live in Ottawa

Ottawa, Illinois, situated approximately 90 miles southwest of downtown Chicago, is recognized for its location at the confluence of the Fox and Illinois Rivers. This small city serves as a scenic gateway to several state parks, including the notable Starved Rock State Park, which offers over 13 miles of trails leading to canyons and waterfalls. Washington Square Park in downtown Ottawa is historically significant as the site of the first Lincoln-Douglas debates in 1858. The Illinois River remains a tourist attraction, with the Sainte Genevieve Riverboat providing sightseeing cruises. Ottawa's housing options range from historic homes to modern subdivisions, including condos and townhouses. The downtown area is lively with independently run restaurants, boutiques, antique shops, and craft breweries. Ottawa hosts Third Friday events from May through September, highlighting local arts and retailers. The city is served by Ottawa Elementary School District 141 and Ottawa Township High School District 140, with private options like the highly rated Marquette Academy. A car is necessary for transportation, with Interstate 80 offering routes to Chicago and the Quad Cities. While crime rates are not specified as higher than the national average, homes near the rivers are identified as being in severe flood zones by the First Street Foundation.

Home Trends in Ottawa, IL

Housing Trends

Median Sale Price
$215,000
Median Single Family Sale Price
$380,000
Median Townhouse Sale Price
$449,000
Median 2 Bedroom Sale Price
$202,000
Average Price Per Sq Ft
$170
Number of Homes for Sale
80
Last 12 months Home Sales
260
Months of Supply
3.70
Median List Price
$240,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
11%
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