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621 Chapel Street, 
Ottawa, IL 61350

$395,000


7

Beds


4

Baths


-

Sq Ft


Multi-Family

Active

Listed by

Phil Makarewicz

Keller Williams Innovate

Last updated:

February 16, 2026, 11:45 AM

MLS#

12551792

Source:

MLSNI

About This Home

621 Chapel Street

ATTENTION INVESTORS! Zoned multi-family this 4 unit with potential for 5th is currently producing 8.7 cap rate with lots of room for improvement whether long term tenants or airbnb. Located in the historic district of Ottawa IL and walking distance of downtown which offers much variety of restaurants and shopping. Many recent improvments including newly renovated unit, new roof, gutters, soffit, fascia, exterior paint, all in 2024-25. 2 units have separate utilites and 2 units share utilties.

Home Facts

Multi-Family

4 Baths

7 Bedrooms

Built in 1900

Price Summary

395,000

MLS #:

12551792

Last Updated:

February 16, 2026, 11:45 AM

Added:

24 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Year Built:

1900


Lot

Lot Size (Sq. Ft):

13,939


Finances & Disclosures

Finances

Price:

$395,000

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.