116 W Prospect Ave Ottawa, IL 61350
Estimated payment $4,995/month
Highlights
- Additional Residence on Property
- River Front
- Fireplace in Bedroom
- Second Kitchen
- 0.72 Acre Lot
- Wood Flooring
About This Home
Welcome to the Cora J. Pope Home, one of Ottawa's most recognizable historic landmarks and a rare opportunity for anyone seeking a luxury Airbnb, boutique inn, or bed-and-breakfast property. Built in 1902 by Milton and Cora Pickens Pope, this Victorian masterpiece has been lovingly restored to its original grandeur while thoughtfully updated for modern comfort. Perched on a scenic bluff overlooking downtown Ottawa and the Illinois River, the home immediately impresses with its stately exterior, welcoming porch, decks and balconies, and intricate architectural details that have welcomed guests for more than a century. Inside, the grand foyer sets the tone with elegant woodwork and a hearth room featuring a fireplace, a stunning staircase, and warm gathering space. The adjacent full bathroom with a garden tub sits conveniently beneath the stairs. Off the hearth room you'll find a large formal parlor with space to relax, entertain, or simply enjoy the ambiance of a home with deep local roots; an elevator provides additional convenience. The family room offers another cozy retreat with a second fireplace, built-ins, and a turret-style sitting nook perfectly positioned for river views. The formal dining room is a showstopper with beamed ceilings, wainscoting, built-in china cabinet, and a fireplace, creating a timeless atmosphere for gatherings of any size. A kitchenette or butler's pantry with original cabinetry and leathered granite connects to the main kitchen, which blends modern stainless steel appliances with custom cabinetry designed to match the home's historic character. The main level also includes a bedroom currently used as an office, a full bathroom, and three additional flex rooms currently used as a gathering room, family room, and gift shop, offering excellent layout options for guest suites or business use. Upstairs, the expansive landing showcases leaded glass windows with sweeping river views and leads to four bedrooms, each full of character. Cora's room features birds-eye maple woodwork, a fireplace, and an en-suite bathroom with a stunning soaking tub and separate water closet. Milton's room also includes an en-suite bathroom and connects to an adjoining bedroom that can remain private or linked as a suite. The Starved Rock room sits next to a historic full bathroom with original "wet-set" subway tile and soaking tub. An additional full bathroom with tub/shower rounds out the second level. The third floor continues the home's rich character with the Riverview Suite, named for its stunning views, complete with French doors opening to a private balcony and an en-suite full bathroom. The Bishop's Suite features beautiful exposed brick, a walk-in closet, an impressive bath with curved walls showcasing a soaking tub, and an attached secondary bedroom and kitchenette, making it ideal for extended-stay guests. The basement houses exceptionally well-maintained mechanical systems, including a fire-suppression system with three 100-gallon tanks, dual boilers, anti-freeze protection, two sump pumps with French drains, 400-amp electrical service with a 220 plug, laundry area with egress window, and a convenient half bathroom. The elevator has been fully updated to current standards with new mechanical lines. Also on the property, sits a separate ranch home, currently rented. This property is a striking blend of history, luxury, and opportunity, offering an unmatched layout for short-term rental hosting, multi-suite accommodations, events, or a dream owner-occupied business. With its rich history, breathtaking views, restored architectural integrity, and modern updates, the Cora J. Pope Home stands ready for its next chapter. Don't miss the chance to own and operate a truly remarkable piece of Ottawa's heritage.
Listing Agent
Coldwell Banker Real Estate Group License #475092481 Listed on: 12/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,207
Year Built
- Built in 1902 | Remodeled in 2023
Lot Details
- 0.72 Acre Lot
- Lot Dimensions are 242x153x205x95
- River Front
- Corner Lot
Home Design
- Victorian Architecture
- Stone Foundation
- Asphalt Roof
- Wood Siding
Interior Spaces
- 5,638 Sq Ft Home
- 3-Story Property
- Elevator
- Built-In Features
- Historic or Period Millwork
- Beamed Ceilings
- Fireplace in Grand Entry Hall
- Entrance Foyer
- Family Room with Fireplace
- Living Room
- Dining Room with Fireplace
- 4 Fireplaces
- Formal Dining Room
- Loft
- Water Views
- Laundry Room
Kitchen
- Second Kitchen
- Butlers Pantry
- Granite Countertops
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Potential Bedrooms
- Main Floor Bedroom
- Fireplace in Bedroom
- Walk-In Closet
- Bathroom on Main Level
- Soaking Tub
Unfinished Basement
- Partial Basement
- Finished Basement Bathroom
Parking
- 10 Parking Spaces
- Parking Available
- Driveway
- Additional Parking
- Off-Street Parking
- Parking Included in Price
Schools
- Ottawa Township High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- 200+ Amp Service
Additional Features
- Balcony
- Additional Residence on Property
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,207 | $166,456 | $33,977 | $132,479 |
| 2023 | $7,720 | $73,087 | $19,456 | $53,631 |
| 2022 | $7,374 | $68,950 | $18,355 | $50,595 |
| 2021 | $7,421 | $68,950 | $18,355 | $50,595 |
| 2020 | $7,381 | $68,950 | $18,355 | $50,595 |
| 2019 | $9,496 | $85,815 | $18,355 | $67,460 |
| 2018 | $9,246 | $83,624 | $17,886 | $65,738 |
| 2017 | $9,010 | $81,808 | $17,498 | $64,310 |
| 2016 | $8,719 | $78,889 | $16,874 | $62,015 |
| 2015 | -- | $0 | $0 | $0 |
| 2012 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2025 12/09/25 | For Sale | $685,000 | -- | $121 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Wheatland Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Construction |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12528964
APN: 22-11-418006
- 519 W Superior St Unit 3
- 1200 Germania Dr
- 1517 Pine St Unit C
- 533 Deleon St
- 400 Jd Rd Unit 1-A
- 328 Kain St
- 11 Great Loop West Dr
- 6 Lilac Ln
- 3 Dogwood Way
- 208 Leeward Way
- 214 Great Loop East Dr Unit 2B
- 214 Great Loop East Dr Unit 2A
- 607 W Bluff St
- 605 W Bluff St
- 3341 E 2059th Rd
- 506-530 Main St Unit 2
- 506-530 Main St Unit 3
- 506-530 Main St Unit 1
- 1014 Bratton Ave Unit 3
- 1000 Bratton Ave Unit 4