ATTENTION INVESTORS ! Fully occupied 4 unit zoned C-3 commercial in historic downtown Ottawa IL. All brick building with many possibilities, currently used as a 4 unit rental, with C-3 commercial zoning you can put your business on the first floor and utilize 2 upper units for income or just rent all 4 units. Total rental income $32,827 with a NET ROI of 10.4%, low vacancy rate and downtown location makes this an A + investment opportunity. 3 units are 1bed, 1bath and 4th unit is a 2bed, 1bath just recently updated. Detached 4 car garage for storage or parking and onsite laundry facilities. New roof 2015. Own this property with only 3.5% down, call for more details.
ATTENTION INVESTORS ! Fully occupied 4 unit zoned C-3 commercial in historic downtown Ottawa IL. All brick building with many possibilities, currently used as a 4 unit rental, with C-3 commercial zoning put your business on the first floor and utilize 2 upper units for income. Total rental income for 2016 is $32,827 with a NET ROI of 9%, low vacancy rate and downtown location makes this an A + investment opportunity. 3 units are 1bed, 1bath and 4th unit is a 2bed, 1bath. Detached 4 car garage for storage or parking and onsite laundry facilities. New roof 2015. Own this property with only 3.5% down payment, other creative financing options available. Call for details.
MRED as Distributed by MLS Grid #08833592
Feb 5, 2016
Listing Removed
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As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
LaSalle County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Feb 23, 2017.
C-6
Downtown Transition District
The purpose of the C-6 downtown transition district is to facilitate the implementation of the official downtown comprehensive plan, as focused on a distinctive subarea of the city with a common urban fabric. The C-6 zoning district is intended to encourage a mix of office, retail, and residential uses and to provide suitable transition between the adjacent residential districts and more intense downtown districts. Existing viable businesses and established institutional uses are encouraged to remain, while opportunities to increase higher density housing is encouraged.
Permitted uses
Include but are not limited to:
General retail
Housing-Single unit
Housing-Multiple units
Office
Park & open space
Property details
Parking
Parking Information
# of Cars: 16
# of Garage Spaces: 4
# of Exterior Parking Spaces: 12
Garage Parking, Parking Space(s)
Unassigned Parking, Off-Street Parking, Side Apron, Visitor Parking
Parking On-Site
Parking Ownership: Owned Parking
Detached Garage
Garage On-Site
Owned Garage
Interior
Bedroom Information
# of Bedrooms: 5
# of Bedrooms (Above Grade): 5
Bathroom Information
# of Baths (Full): 4
# of Baths (Full): 4
Additional Rooms Information
Utility Room-Lower Level
Full Basement
Unfinished Basement
Heating & Cooling
Gas Heating, Hot Water/Steam Heating
Unit 1 Information
# of Rooms: 6
# of Beds: 2
# of Baths (Full): 1
Floor #: 1
Stove, Refrigerator, Washer, Dryer, Window Air Conditioner
Tenant Pays Electric, Tenant Pays Gas
Rent: $900
Security Deposit: $900
Unit 2 Information
# of Rooms: 4
# of Beds: 1
# of Baths (Full): 1
Floor #: 1
Stove, Refrigerator, Window Air Conditioner
Tenant Pays Electric, Tenant Pays Gas
Rent: $690
Security Deposit: $690
Unit 3 Information
# of Rooms: 4
# of Beds: 1
# of Baths (Full): 1
Floor #: 2
Stove, Refrigerator, Window Air Conditioner
Tenant Pays Electric, Tenant Pays Gas
Rent: $665
Security Deposit: $665
Unit 4 Information
# of Rooms: 4
# of Beds: 1
# of Baths (Full): 1
Total Sq. Ft.: 700
Floor #: 2
Stove, Refrigerator, Window Air Conditioner
Tenant Pays Electric, Tenant Pays Gas
Rent: $675
Security Deposit: $675
Exterior
Building Information
# of Units: 4
Built Before 1978
Age: 91-100 Years
Brick Exterior
Asphalt/Glass Roof (Shingles), Slate Roof
Lot Information
Dimensions: 80X135
Less Than .25 Acre
Zoning: MULTI
Property Information
# of Rooms: 14
Ownership: Fee Simple
Parcel Identification Number: 2111217005
Financial
Financial Information
Tax: $8,081.08
Tax Year: 2019
Special Service Area: N
Total Rental Income: $35,160
Gross Rental Income: $35,160
Net Operating Income: $25,521
Finance Code: Conventional
Utilities
Utility Information
Water: Public
Sewer (Public)
Location
School Information
Elementary School District: 141
Junior High District: 141
High School District: 140
Location Information
Township: Ottawa
Corporate Limits: Ottawa
Directions: Columbus St. South to Washington, West to Clinton
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: LaSalle County
APN: —
Home facts updated by county records on Feb 23, 2017
Other
Listing Information
Sale Price Includes Parking
Listing Agent Must Accompany
Possession: Closing
Holds Earnest Money: Yes
Sale Terms: Conventional, FHA, Other
Seller Concessions: No
Around this home
Schools
Jefferson Elementary School
Public PreK-4 • Assigned • 0.4mi
4/10
Shepherd Middle School
Public 7-8 • Assigned • 2.1mi
4/10
Ottawa Township High School
Public 9-12 • Assigned • 0.5mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Ottawa, IL • 61350
Average low and high temperatures (°F)
29
14
39
20
56
34
64
44
72
51
82
63
85
67
81
62
80
55
70
47
51
36
36
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.1 hours in
June and 3.6 hours in December, placing it below the
U.S. average for solar exposure.
10.1 hrs
3.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$337,000 – $408,000
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