Well-maintained 4-unit apartment complex in a convenient Ottawa location within walking distance to shopping, restaurants, and everyday amenities. This solid income-producing property generates approximately $41,000 annually in gross rental income, with all four units currently rented at $850 per month. Three of the four units were extensively remodeled in 2025, offering updated interiors that appeal to tenants and help minimize future maintenance costs. Each unit includes its own refrigerator, stove, window A/C unit, and individual heating controls for added tenant comfort and efficiency. Tenants pay their own gas and electric utilities, helping keep owner expenses low. Major exterior and mechanical updates include a new roof in 2016, new siding in 2020, a new blacktop driveway in 2025, two new water heaters installed in 2025, and a boiler pump replaced in 2025. Strong cash-flow opportunity with numerous recent improvements already completed. Whether you are expanding your portfolio or looking for a reliable turnkey investment, this Ottawa multi-unit property is one to see!
Listed By
Agency Name: Landmark Realty of Illinois LLC
Agency Phone: 815-875-1221
Shown By
Agent Name: Vanessa Bloomer
Agent Phone: (815) 312-7879
Agency Title: Gambino Realtors
Estimated Payment
$ 1,643.18 per month $1,294.56 Principal & Interest $265.50 Property Tax $83.13 Homeowner's Insurance
119 E Superior Street | MLS# 12608726
This multi-family property located at 119 E Superior Street , Ottawa, IL 61350 is currently listed for sale with an asking price of $285,000. E Superior Street is located within the District 140 school district. Search Ottawa real estate on vbloomer.gogambino.com today.