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$395,000
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Property Description
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.
Full Property Details
Full Property Details for 621 Chapel St
General
- Price: $395,000
- Taxes: $4,290 (2024)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12551792
- Updated: 1/29/2026
- Added to Site: 28 day(s) ago
Rental Information
- Complex Features: Sidewalks, Street Paved
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 7
Additional Information
- Other Features: Historical District
Exterior
- Exterior Features: Balcony
Location
- Area: Danway / Dayton / Naplate / Ottawa / Prairie Cent
- County: LaSalle
- Township: Ottawa
- Driving Directions: From East Main St go North on York St. Turn East ( right ) on Chapel St.
School Information
- School District: 141
- Elem School District: 141
- Midd School District: 141
- High School District: 140
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Trash: 1800
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Crawl Space
- Roof: Asphalt, Flat
- Year Built: 1900
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.32
- Lot Size Range: .25 to .49 Acre
- Lot Dimensions: 180 x 120 x 60 x 60 x 120
Financial Considerations
- Insurance Fee: $1,279
- Assessment Year: 1900
- Tax Amount: $4,290
- Tax Year: 2024
- Pays Trash: 1800
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 2112138003
Listed by Keller Williams Innovate
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Schools
Schools serving 621 Chapel St
| Name | Grades | Distance |
|---|---|---|
Jefferson Elementary School, Ottawa, IL 1709 Columbus Street, Ottawa, IL 61350 | K-4 | 0.8 mi |
Shepherd Middle School, Ottawa, IL 701 East McKinley Road, Ottawa, IL 61350 | 7-8 | 1.7 mi |
Ottawa Township High School 211 East Main Street, Ottawa, IL 61350 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 621 Chapel St
Date
Details
Price
Change
Source
1/23/2026
Listed
$395,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 621 Chapel St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,290
-2%
$41,660
—
2023
$4,388
4%
$41,660
6%
2022
$4,228
—
$39,302
—
2021
$4,226
9%
$39,302
8%
2020
$3,891
-2%
$36,380
1%
2019
$3,984
—
$36,009
2%
2019
$3,984
6%
$35,144
3%
2017
$3,751
4%
$34,068
4%
2016
$3,603
—
$32,607
-11%
2016
$3,603
—
$36,578
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 621 Chapel St
621 Chapel Street, Ottawa, IL 61350 (MLS# 12551792) is a Multi-Family property with 4 units containing 7 bedrooms and 0 full bathrooms. 621 Chapel Street is currently listed for $395,000 and was received on January 23, 2026. Want to learn more about 621 Chapel Street? Do you have questions about finding other Multi-Family real estate for sale in Ottawa? You can browse all Ottawa real estate or contact a Coldwell Banker agent to request more information.

