HOUSE HACKERS and INVESTORS wanted! Did you know that as a FIRST-TIME HOMEBUYER-or ANY BUYER planning to occupy the property as their primary residence-you can purchase a 2-unit, 3-unit, or even a 4-unit property? By living in one unit and renting out the others, you may be able to use the rental income to help qualify for the mortgage and offset your monthly housing expenses. This strategy, often called "house hacking," can be a great way to start building wealth through real estate while enjoying the benefits of homeownership. INVESTORS, add a solid income-producing property to your portfolio. Well-maintained 2-story, 3-flat in the heart of Ottawa! The 2nd-floor UNIT A is currently rented for $1,100 per month. It includes 2 bedrooms, 1 bathroom, a kitchen, and a spacious living room. The unit was remodeled in 2025. The 1st-floor UNIT B is currently rented for $1,025 per month and features 1 bedroom, 1 bathroom, a kitchen with a dining area, a large living room, and a spacious front porch. UNIT C, located in the rear of the building, features 1 bedroom, 1 bathroom, a kitchen, and a spacious living room. All 3 tenancies are currently month-to-month. Tenants pay gas and electric. Owner pays water, sewer, and garbage. All units feature central air, kitchen appliances, plus access to a washer and dryer. Looking to expand your portfolio? The neighboring property at 611 Webster Street, a 3-unit building, is also available for sale. LOCATION, LOCATION, LOCATION! Situated in the heart of Ottawa and within walking distance to downtown, you'll enjoy easy access to the new YMCA, local restaurants, shops, the summer farmers market, winter Kris Kringle Market, seasonal wine and beer festivals, and more. Just minutes from Starved Rock State Park and Matthiessen State Park, with convenient access to Route 6 and Interstate 80. CONTACT THE LISTING BROKER for information on major area employers and future city development plans.
Multi-familyProperty Type
1915Year Built
4,752 sq ftLot Size
4 spacesParking
Listed by Irina Allison• Allison Towne Realty, Inc.
Investors Wanted! Three flat in Ottawa, live in 1 unit and rent the other 2 out to assist with the mortgage or leave all three rented for an investment! Apt. A has an oak kitchen, updated bath, 2-bedrooms and a living room with hardwood floors. Apt B is a 1-bedroom, 1st floor unit with a large living room and opens to an oak eat-in kitchen. Apt C. is in the back of the building is a 1-bedroom with eat-in kitchen, and a large bedroom. Many newer windows throughout the building. Projected rent for Apt. A is $800 a month, Apt. B rents for $800 a month, Apt. C rents for $750 a month. Separate electric and gas and tenants pays electric and gas. Every unit has central air. Each unit comes with washer and dryer. Owners pay water, sewer and trash. Units have off street parking. Also available for sale is 611 Webster St. Ottawa.