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639 W Madison Street Ottawa, IL 61350 Residential - Single Family New

New - 5 Hours Ago
  • 639 W Madison Street , Ottawa, IL 61350 Main Photo

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Description

Great Opportunity in a Convenient Ottawa Location. Don't miss this opportunity to own a property in a well-located area of Ottawa, just minutes from local shops, dining, parks, and easy access to major routes. Whether you're a homeowner looking to build equity or an investor seeking your next project, this property offers incredible upside. This home is in need of a full renovation and is being sold as-is, but presents a blank canvas to bring your vision to life. With the right updates, this property can be transformed into a beautiful, modern home tailored to your style. Financing Opportunity: This property may qualify for a FHA 203(k) Loan, allowing buyers to finance both the purchase and renovation costs into one loan - making it possible to turn this home into essentially a brand-new space without needing large upfront cash This is a strong value-add opportunity that's ideal for owner-occupants or investors looking to customize finishes and layout to your preference. Located near amenities, schools, major roads, and great potential for long-term appreciation. Bring your ideas and unlock the full potential of this property!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 1,315
Built in 1911
High School: Ottawa Township High School

General Information

Bedrooms: 2
Bathrooms: 1
Sqft: 1,315
County: LaSalle
High School: Ottawa Township High School
Listed By:
Home First Realty Inc 312-752-3169
MRED MLS

Room Information

Bedroom 2: 12X14
Primary Bedroom: 12X10
$79,000
Est. $584/mo
2beds
1baths
1,315sqft
New to the Market New
BEDS2 BATHS1 full SQUARE FEET1,315 MLS#12621711
STATUSNew PROPERTY TYPEResidential - Single Family SCHOOLDistrict 140

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639 W Madison Street , Ottawa, IL 61350.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $79,000$79,000$79,000
Down Payment $15,800$2,765$19,750
Monthly Mortgage Amount $374$465$484
Taxes $110$110$110
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$35$0
Monthly Estimated Total $584$710$694

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