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801-803 1st Avenue Ottawa, IL 61350 Multi Unit - Multiple Active

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Description

Just a mile from Downtown Ottawa, this beautiful, historic, all-brick, 2 story duplex is located on the south side of Ottawa. With a move-in ready unit on one side and a long term tenant on the other, this is an excellent investment opportunity with immediate income. Currently occupied, the 801 unit features a 2 bed/1 full bath upstairs, in addition to a basement with suitable living space, a 1/2 bath, laundry, and is capable of an additional bedroom. The move-in ready 803 unit features 3 bed/1.5 bath. It has been freshly updated with new flooring, carpet, and floor to ceiling paint. The basement of 803 also provides laundry, a half bath, and additional living space potential. Each unit offers its own fenced in yard space and a one-car detached garage. Both units also include a walk-up bonus room / attic for storage. One of the bedrooms of unit 801 has been converted to a utility/storage room for the owner with it's own exterior entrance. This could be reverted to a bedroom for the 801 side or modified for 3rd unit potential. Further updates include: windows and ACs 2017, 801's furnace 2017, roof 2015. This duplex a great opportunity for homeowners looking to move in and build equity while generating income, or for multifamily investors.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 5
Bathrooms: 4
County: LaSalle
High School: Ottawa Township High School
Listed By:
Coldwell Banker Real Estate Group 815-433-5501
MRED MLS
$240,000
Est. $1,601/mo
5beds
4baths
2cars
Active
BEDS5 BATHS4 full MLS#12667542
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 140

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Ruhl&Ruhl Realtors
563.441.1776

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801-803 1st Avenue, Ottawa, IL 61350.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $240,000$240,000$240,000
Down Payment $48,000$8,400$60,000
Monthly Mortgage Amount $1,167$1,451$1,483
Taxes $334$334$334
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$106$0
Monthly Estimated Total $1,601$1,991$1,917

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