Property for Sale: 626-630 W Madison, Ottawa, IL 61350
$300,000
$300,000
626-630 W Madison,
Ottawa, IL 61350
$300,000
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Price:
$300,000
$20,000 - 09/05/2024
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 1866
City Ottawa
County La Salle
MLS 12014861
Status Active
Proud to announce this 7 unit mixed use building is available immediately for sale in Ottawa, IL. Features two retail spaces 1250sf each, three two-bedroom apartments, two one-bedroom apartments, and a 4 stall detached garage 1000sf. All of the apartments are larger than average. One of the apartments #5 features a private yard and entry. City of Ottawa has already pre-approved converting the two retail spaces into residential units so that has huge value add potential for the rent roll. Market rent for 1br is $800, market rent for 2br is $1000. The city of Ottawa is on I-80 and not far from I-39/51. Ottawa is a river town with considerable growth: new rooftops, shopping, many dining options, shops, two marinas. Subject property is walking distance to downtown. Roof 2018. Other recent improvements. Two units remodeled in the last couple years. Landlord pays water/sewer. Inquire for rent roll. No showings of occupied units until executed contract so as not to disturb the tenants. DO NOT DISTURB TENANTS - ALL QUESTIONS GO TO THE LIST BROKER. Broker Owned. Offered As-Is.
Lot & Building Features
Cooling Central Air
Tax Year 2022
Lot Dimensions 150 X 150 ft
Price History of 626-630 Madison, Ottawa, IL
Date | Name | Price | Difference |
---|---|---|---|
09/05/2024 | Price Adjustment | $300,000 | 6.25% |
08/07/2024 | Price Adjustment | $320,000 | 4.48% |
07/16/2024 | Price Adjustment | $335,000 | 10.67% |
12/31/1969 | Listing Price | $375,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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626-630 Madison (MLS #12014861) is a commercial listing located in Ottawa, IL. This property was listed on 03/27/2024 and has been priced for sale at $300,000.
Nearby zip codes are 60350 and 61341. This property neighbors other cities such as Marseilles.
Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: O'Neil Property Group, LLC |