$183,500
SOLD APR 10, 2026

702 E Joliet St Ottawa, IL 61350

4 Beds
2 Baths
-- Sq Ft
1912 Built

Sale Details

Date Sold: April 10, 2026

6% Below List Price

14 on Market

About This Home

As of April 2026

Turn-Key Income Property - 702 E Joliet St, Ottawa Looking for a true set-it-and-collect-rent investment? This fully leased duplex delivers immediate cash flow at $2,200/month with tenants covering all utilities except water & garbage - keeping ownership simple and predictable. Both spacious 2-bedroom units include their own refrigerator, stove, washer & dryer, making them highly desirable to renters and easy to keep occupied. The property has been consistently maintained and features a solid 10-year-old roof, vinyl siding, full basement, fenced yard, and detached 2-car garage - valuable amenities that support long-term tenancy and reduce turnover. * Main Level: 5-room, 2-bedroom unit * Upper Level: 6-room, 2-bedroom unit Whether you're expanding your portfolio or buying your first rental, this is a dependable, low-maintenance property already performing from day one. Buy today - earn tomorrow.

Last Agent to Sell the Property

Eric Olsauskas

iHome Real Estate License #475180987 Listed on: 02/16/2026

Last Buyer's Agent

Beth Mulcahy

Landmark Realty of Illinois LLC License #475166667

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,643

Year Built

  • Built in 1912 | Remodeled in 2025

Parking

  • 2 Car Detached Garage
  • Parking Available

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Ottawa Township High School

Additional Features

  • Lot Dimensions are 44x132
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,643

Year Built

Built in 1912 | Remodeled in 2025

Lot Details

0 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1912
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2025
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2025

Interior Features

  • Basement: Unfinished, Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • Construction Materials: Vinyl Siding
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • High School: Ottawa Township High School

Lot Info

  • Lot Dimensions: 44X132
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 4643
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2026
Closed on
Apr 8, 2026
Sold by
X-Amnt Properties Llc
Bought by
Patel Hardik
Seller's Agent
Eric Olsauskas
iHome Real Estate
Buyer's Agent
Beth Mulcahy
Landmark Realty of Illinois LLC
List Price
$194,428
Sold Price
$183,500
Premium/Discount to List
-$10,928
-5.62%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.26%
Original Mortgage
$146,800
Outstanding Balance
$146,800
Interest Rate
5.98%
Mortgage Type
New Conventional
Estimated Equity
$42,086
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $183,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $146,800 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2026 04/10/26 Sold $183,500 -5.6% --
03/02/2026 03/02/26 Pending -- -- --
02/16/2026 02/16/26 For Sale $194,428 +34.1% --
06/16/2025 06/16/25 Sold $145,000 -3.3% -- View Prior Sale
05/06/2025 05/06/25 Pending -- -- --
04/28/2025 04/28/25 For Sale $149,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $4,643 $49,754 $6,091 $43,663
2024 $4,643 $45,083 $5,519 $39,564
2023 $4,250 $40,350 $4,940 $35,410
2022 $3,910 $36,622 $5,401 $31,221
2021 $3,691 $34,325 $5,062 $29,263
2020 $3,488 $32,607 $4,809 $27,798
2019 $3,571 $32,275 $4,760 $27,515
2018 $3,507 $31,500 $4,646 $26,854
2017 $3,362 $30,535 $4,504 $26,031
2016 $3,230 $29,226 $4,311 $24,915
2015 $3,070 $27,879 $4,112 $23,767
2012 -- $30,478 $4,495 $25,983
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12569944

Midwest Real Estate Data (MRED)

APN: 21-01-306009

Your Personal Tour Guide

Ask me questions while you tour the home.