2026 3372Nd Rd Ottawa, IL 61350

This exceptional investment opportunity presents a rare chance to acquire a unique 17-unit apartment complex and church building situated on a 4.75-acre lot in Ottawa, Illinois. Originally constructed in 1920 as a hotel and later expanded with a church addition in 1941, the property was converted into apartments in the early 2000s. The five-story building boasts a mix of spacious two, three, and five-bedroom units, each featuring unusually large floor plans, in-unit washers and dryers, and abundant natural light from numerous windows. Individual utility metering simplifies management. The property includes 30 parking spaces and benefits from a permitted AG zoning classification. The asking price is $2,430,000, representing a compelling $109.19 per square foot and a 7.00% capitalization rate. Located on the banks of the Fox River, this property offers significant potential for both income generation and future appreciation. The property's unique history, combined with its strong financial performance and desirable location, makes it an attractive investment for discerning buyers. The building's address is 2026 N 3372nd Rd, Ottawa, IL 61350, and its APN is 1516200005. This is a truly unique opportunity to own a piece of Ottawa's history and secure a strong-performing multifamily investment.