621 Chapel St Ottawa, IL 61350
Estimated payment $2,267/month
Highlights
- First Floor Utility Room
- Porch
- Paved or Partially Paved Lot
- Balcony
- Forced Air Heating System
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,290
Year Built
- Built in 1900
Lot Details
- 13,939 Sq Ft Lot
- Lot Dimensions are 180 x 120 x 60x 60x120
- Paved or Partially Paved Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- First Floor Utility Room
- Crawl Space
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
- Porch
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $1,279
- Trash Expense $1,800
- Water Sewer Expense $1,800
- Gross Income $43,500
- Net Operating Income $34,331
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 | $4,290 | $41,660 | $14,129 | $27,531 |
| 2023 | $4,388 | $41,660 | $14,129 | $27,531 |
| 2022 | $4,196 | $39,302 | $13,329 | $25,973 |
| 2021 | $4,226 | $39,302 | $13,329 | $25,973 |
| 2020 | $3,891 | $36,380 | $13,329 | $23,051 |
| 2019 | $3,984 | $36,009 | $13,193 | $22,816 |
| 2018 | $3,884 | $35,144 | $12,876 | $22,268 |
| 2017 | $3,751 | $34,068 | $12,482 | $21,586 |
| 2016 | $3,603 | $32,607 | $11,947 | $20,660 |
| 2015 | $4,028 | $36,578 | $16,101 | $20,477 |
| 2012 | -- | $39,987 | $17,601 | $22,386 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2026 03/27/26 | Price Changed | $360,000 | -8.9% | -- |
| 01/23/2026 01/23/26 | For Sale | $395,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Trustee Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12551792
APN: 21-12-138003
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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Ask me questions while you tour the home.