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!

Listing Courtesy of MRED as distributed by MLS Grid of Landmark Realty of Illinois LLC



Based on information submitted to the MLS GRID as of 2026-05-15 11:00 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-05-15 11:00 AM UTC
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