Active Under Contract
▼ $35,000
Ottawa, IL 61350
621 Chapel Street
$360,000
$35,000 below original
124 days on market
$4,290/yr taxes
01About this home
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.
02Inside the home
03By the numbers
$360,000
List price
—
Square feet
7
Bedrooms
4
Bathrooms
1900
Year built
0.32 ac
Lot size
—
Garage spaces
$4,290
Annual taxes
Other
Style
124
Days on market
04Features
Heating
Natural GasForced Air
Construction
Brick
Sewer
Public Sewer
05Neighborhood
- Papa John's 0.5 mi
- Thai Cafe 0.5 mi
- Zeller Inn 0.5 mi
- JJ's Pub 0.5 mi
- Court Street Pub 0.5 mi
- Margarita's Bar and Grill 0.5 mi
- BP Shop 0.6 mi
- Shell 0.7 mi
- Handy Foods 0.9 mi
- Minit Mart 1.2 mi
- Save-A-Lot 1.3 mi
- Shell 1.3 mi
- East Side Park 450 ft
- Fox River Park 0.2 mi
- Washington Square Park 0.5 mi
- Jordan's Block 0.5 mi
- Lincoln-Douglas Park 0.7 mi
- Skate Park 0.7 mi
- Jeremiah Joes Cafe 0.6 mi
- Maria's Cafe Bistro 0.7 mi
POI data via Mapbox · OpenStreetMap contributors
06History
Every event we have for this address, straight from the MLS.
May 26, 2026
Price reducedThis listing
$360,000
−$35,000
Jan 23, 2026
Listed for saleThis listing
$395,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello
Real answers about this home — pricing, schools, what to ask, anything.
Ask Dwello
08See it for yourself
Stand in the kitchen.
See the light at 4pm.
Photos can only do so much. Pick a time — we'll meet you at the door.
Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
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Listed by Keller Williams Innovate · Phil Makarewicz · 815-579-9314
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12551792
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12551792