318 E Prospect Ave Ottawa, IL 61350
Estimated payment $3,878/month
Highlights
- River Front
- Mature Trees
- Georgian Architecture
- 0.69 Acre Lot
- Family Room with Fireplace
- Wood Flooring
About This Home
Don't miss this opportunity to own one of Ottawa's premier riverfront estates, where historic charm meets riverfront luxury. Offering quintessential panoramic views of the waterfront, the property combines history, character and comfort in one exceptional setting. Outdoors, the estate's expansive patio and gardens echo its storied past, providing a setting for both peaceful tranquility of the riverfront, serenity as well as offer the perfect space for lively entertaining. Inside you'll find a spacious layout and flow, as the gracious entryway welcomes family and guests. The main level features a large living room with fireplace, a formal dining room with built ins, charming arched doorways, a cozy office with cabinetry, card room and 1/2 bath. At the heart of the home, the kitchen(Miele ovens, Subzero refrigerator, cooktop island with stainless hood) opens to the adjacent family room, offering wooden beams, cozy fireplace, wet bar and floor to ceiling windows and slider, to capture the ever changing riverfront views. The second floor offers 4 bedrooms, to include a large primary bedroom which opens to a smaller bedroom which could serve as a nursery, or become a custom wardrobe closet or ensuite primary bathroom. Two additional bedrooms, one with attached full bath, ensure ample space and functionality for family and guests. The main full bath offers tub/shower and river views. "Casa Godfrey" as it's been known for many generations, is a riverfront gem, walking distance to Charming Historic Ottawa, with its wonderful selection of shopping and dining, the greater Starved Rock Country, area, home to gorgeous state parks for hiking, the I & M Canal hiking/biking trail and much much more. Schedule your tour today!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $15,154
Year Built
- Built in 1929
Lot Details
- 0.69 Acre Lot
- Lot Dimensions are 117x298x117x305
- River Front
- Mature Trees
Parking
- 2 Car Garage
- Driveway
Home Design
- Georgian Architecture
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,376 Sq Ft Home
- 2-Story Property
- Built-In Features
- Bar Fridge
- Beamed Ceilings
- Skylights
- Wood Burning Fireplace
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Sitting Room
- Formal Dining Room
- Home Office
- Basement Fills Entire Space Under The House
- Laundry Room
- Property Views
Kitchen
- Double Oven
- Electric Cooktop
- Range Hood
- High End Refrigerator
- Dishwasher
- Stainless Steel Appliances
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
Outdoor Features
- Patio
Schools
- Mckinley Elementary: K-4Th Grade
- Shepherd Middle School
- Ottawa Township High School
Utilities
- Forced Air Heating and Cooling System
- Two Heating Systems
- Heating System Uses Steam
- 200+ Amp Service
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 | $15,154 | $152,598 | $36,123 | $116,475 |
| 2023 | $14,189 | $140,333 | $33,220 | $107,113 |
| 2022 | $13,060 | $128,123 | $31,921 | $96,202 |
| 2021 | $12,282 | $120,123 | $29,928 | $90,195 |
| 2020 | $11,083 | $114,533 | $28,535 | $85,998 |
| 2019 | $11,076 | $111,089 | $27,677 | $83,412 |
| 2018 | $11,306 | $108,252 | $26,970 | $81,282 |
| 2017 | $10,451 | $105,901 | $26,384 | $79,517 |
| 2016 | $10,071 | $102,123 | $25,443 | $76,680 |
| 2015 | $9,521 | $92,401 | $16,154 | $76,247 |
| 2012 | -- | $94,201 | $16,469 | $77,732 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/12/2025 12/12/25 | Pending | -- | -- | -- |
| 11/11/2025 11/11/25 | Price Changed | $499,000 | -9.3% | $148 / Sq Ft |
| 10/28/2025 10/28/25 | Price Changed | $550,000 | -9.1% | $163 / Sq Ft |
| 10/11/2025 10/11/25 | Price Changed | $605,000 | -3.2% | $179 / Sq Ft |
| 09/21/2025 09/21/25 | For Sale | $625,000 | 0.0% | $185 / Sq Ft |
| 09/17/2025 09/17/25 | Price Changed | $625,000 | -- | $185 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | -- | None Available | |
| Trustee Deed | -- | None Available | |
| Trustee Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12449452
APN: 22-12-334007
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