Check Availability
Ottawa 61350
116 W Prospect Avenue
$595,000
● House - In Contract

116 W Prospect Avenue

Ottawa, IL 61350
bedrooms
10 Beds
bathrooms
8 Baths, 1 Half Bath
square feet
5,638 Ft²
$4,356
Est. Monthly

About This Property

Welcome to the Cora J. Pope Home, one of Ottawa's most recognizable historic landmarks and a rare opportunity for anyone seeking a luxury Airbnb, boutique inn, or bed-and-breakfast property. Built in 1902 by Milton and Cora Pickens Pope, this Victorian masterpiece has been lovingly restored to its original grandeur while thoughtfully updated for modern comfort. Perched on a scenic bluff overlooking downtown Ottawa and the Illinois River, the home immediately impresses with its stately exterior, welcoming porch, decks and balconies, and intricate architectural details that have welcomed guests for more than a century. Inside, the grand foyer sets the tone with elegant woodwork and a hearth room featuring a fireplace, a stunning staircase, and warm gathering space. The adjacent full bathroom with a garden tub sits conveniently beneath the stairs. Off the hearth room you'll find a large formal parlor with space to relax, entertain, or simply enjoy the ambiance of a home with deep local roots; an elevator provides additional convenience. The family room offers another cozy retreat with a second fireplace, built-ins, and a turret-style sitting nook perfectly positioned for river views. The formal dining room is a showstopper with beamed ceilings, wainscoting, built-in china cabinet, and a fireplace, creating a timeless atmosphere for gatherings of any size. A kitchenette or butler's pantry with original cabinetry and leathered granite connects to the main kitchen, which blends modern stainless steel appliances with custom cabinetry designed to match the home's historic character. The main level also includes a bedroom currently used as an office, a full bathroom, and three additional flex rooms currently used as a gathering room, family room, and gift shop, offering excellent layout options for guest suites or business use.    Upstairs, the expansive landing showcases leaded glass windows with sweeping river views and leads to four bedrooms, each full of character. Cora's room features birds-eye maple woodwork, a fireplace, and an en-suite bathroom with a stunning soaking tub and separate water closet. Milton's room also includes an en-suite bathroom and connects to an adjoining bedroom that can remain private or linked as a suite. The Starved Rock room sits next to a historic full bathroom with original "wet-set" subway tile and soaking tub. An additional full bathroom with tub/shower rounds out the second level. The third floor continues the home's rich character with the Riverview Suite, named for its stunning views, complete with French doors opening to a private balcony and an en-suite full bathroom. The Bishop's Suite features beautiful exposed brick, a walk-in closet, an impressive bath with curved walls showcasing a soaking tub, and an attached secondary bedroom and kitchenette, making it ideal for extended-stay guests. The basement houses exceptionally well-maintained mechanical systems, including a fire-suppression system with three 100-gallon tanks, dual boilers, anti-freeze protection, two sump pumps with French drains, 400-amp electrical service with a 220 plug, laundry area with egress window, and a convenient half bathroom. The elevator has been fully updated to current standards with new mechanical lines. Also on the property, sits a separate ranch home, currently rented.     This property is a striking blend of history, luxury, and opportunity, offering an unmatched layout for short-term rental hosting, multi-suite accommodations, events, or a dream owner-occupied business. With its rich history, breathtaking views, restored architectural integrity, and modern updates, the Cora J. Pope Home stands ready for its next chapter. Don't miss the chance to own and operate a truly remarkable piece of Ottawa's heritage.
Unit Size
5,638 Ft²
Days on Market
-
Land Size
0.72 acres
Price per sqft
$106
Property Type
House
Property Taxes
$1,434
HOA Dues
-
Year Built
1902

Listed By

George Shanley
Coldwell Banker Real Estate Group

Payment Calculator

Cap Rate Calculator

Property Highlights

Elevator
Parking Available
Air Conditioning
With View
Fireplace
Parking Details
Has Open Parking
Parking Features: Concrete, Off Street, Driveway, Additional Parking, Yes, Owned
Interior Details
Half Bathrooms: 1
Full Bathrooms: 8
Interior Features: Elevator, Built-in Features, Walk-In Closet(s), Beamed Ceilings, Granite Counters, 1st Floor Bedroom, 1st Floor Full Bath, Historic/Period Mlwk, Special Millwork, Separate Dining Room
Flooring Type: Hardwood
Rooms: 16
Has Fireplace
Fireplaces: 4
Basement: Unfinished, Partial
Exterior Details
Square Footage: 5638
Square Footage Source: $0
Architectural Style: Victorian
Year Built: 1902
Waterfront Features: River Front
Other Structures: Guest House, Second Residence
Construction Materials: Wood Siding
Lot Features: Corner Lot, Views
Lot Size Area: 31363.2
Lot Size Units: Square Feet
Lot Size Acres: 0.72
Lot Size Square Feet: 31363.2
Lot Size Dimensions: 242x153x205x95
Water Source: Public
Financial Details
Tax Annual Amount: $17,207
Utilities Details
Cooling Type: Central Air, Zoned, Other
Heating Type: Natural Gas, Forced Air, Zoned, Other
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1902
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,363
  • Total Building Area: 5,115
  • Gross Building Area: 5,115
  • Building Area: 5,115
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,115
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: OTTAWA (ORIGINAL TOWN)
  • Land Acres: 0000000720
  • Standard Land Use Code: 2000
  • County Land Use Code: 0060
  • Legal Description 1: ORIGINAL TOWN S1/2 LOTS 2,3,4 BLK 26 & E1/2 ADJ VACATED CHRISTIE STREET EXEMPT

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963600

Geography

  • District: SO
  • Parcel: 22-11-418-006
  • Block: 26
  • Lot: 2-4
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3401
  • Longitude: -88.841

    Address

  • Full Address: 116 W Prospect Ave
  • Address - House Number: 116
  • Street Direction: W
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C014
  • 4-Digit Zip Code: 3569
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $374,223
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO001

    Market Valuation

  • Market Total Value: $206,850
  • Market Land Value: $55,065
  • Market Improvement Value: $151,785

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $68,950
  • Assessed Land Value: $18,355
  • Assessed Improvements Value: $50,595
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ottawa


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1952 Columbus Street, Ottawa, IL, 61350

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1952 Columbus Street, Ottawa, IL, 61350 Listing by Delores Barrera
Unit for rent at 615 Green Street, Ottawa, IL, 61350

$950 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
615 Green Street #LOWER, Ottawa, IL, 61350 Listing by Shawn Sell
Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison


Frequently Asked Questions

When was property at 116 West Prospect Avenue built and last sold?
The property at 116 West Prospect Avenue was built in 1902 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 West Prospect Avenue is $600,950.
What are some comparable homes to 116 West Prospect Avenue?
There are currently no comparable homes to 116 West Prospect Avenue.