611 Webster Street Ottawa, IL 61350 • Multi Unit - Multiple • Active $199,900

Description

HOUSE HACKERS and INVESTORS wanted! Did you know that as a FIRST-TIME HOMEBUYER-or ANY BUYER planning to occupy the property as their primary residence-you can purchase a 2-unit, 3-unit, or even a 4-unit property? By living in one unit and renting out the others, you may be able to use the rental income to help qualify for the mortgage and offset your monthly housing expenses. This strategy, often called house hacking, can be a great way to start building wealth through real estate while enjoying the benefits of homeownership. INVESTORS, add a solid income-producing property to your portfolio. Well-maintained 2-story 2-flat in the heart of Ottawa! The 1st-floor UNIT A is currently rented for $1,105 per month. It includes 1 bedroom, 1 bathroom, a remodeled eat-in kitchen, a spacious living room, and an enclosed front porch currently used as a 2nd bedroom. The Unit A tenant also enjoys use of the basement with laundry and storage and a 2.5-car garage with. The 2nd-floor UNIT B is currently rented for $980 per month. The unit features 2 bedrooms, 1 bathroom, a dining area, and a spacious living room. Both tenancies are month-to-month. Tenants pay gas and electric. Owner pays water, sewer, and garbage. Both units feature central air, kitchen appliances, plus washer and dryer. Most thermo-pane windows have been replaced within the last 5 to 7 years, with the exception of the front bay window. Looking to expand your portfolio? The neighboring property at 613 Webster Street, a 3-unit building, is also available for sale. LOCATION, LOCATION, LOCATION! Situated in the heart of Ottawa and within walking distance to downtown, you'll enjoy easy access to the new YMCA, local restaurants, shops, the summer farmers market, winter Kris Kringle Market, seasonal wine and beer festivals, and more. Just minutes from Starved Rock State Park and Matthiessen State Park, with convenient access to Route 6 and I-80 for an easy commute. CONTACT THE LISTING BROKER for a list of major area employers, economic development information, and upcoming city growth and expansion plans. STELLAR LOCATION!

Property Highlights