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116 W Prospect Ave, Ottawa, IL, 61350

10beds
9baths
5,638sqft
$595,000
$106price/sqft
$4,789/moest. monthly cost
$191,560/yrincome needed

About This Home

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.

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

7/10
Lincoln Elementary SchoolGrades PK-40.9 mi
4/10
Shepherd Middle SchoolGrades 7-81.3 mi
3/10

Construction

Condition

  • Year built: 1902

Materials

  • Foundation: Stone
  • Roof: Asphalt
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 2023

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Partial

Bedroom2

  • Features: Flooring (Hardwood)
  • Level: Third
  • Area: 315
  • Dimensions: 15X21

Bedroom3

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 225
  • Dimensions: 15X15

Bedroom4

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 210
  • Dimensions: 15X14

Bedroom5

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 221
  • Dimensions: 13X17

Bedroom6

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 195
  • Dimensions: 15X13

Bedrooms & Bathrooms

  • Bedrooms: 10
  • Bathrooms: 9
  • Full bathrooms: 8
  • 1/2 bathrooms: 1

Dining Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 280
  • Dimensions: 14X20

Family Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 252
  • Dimensions: 14X18

Features

  • Elevator,1st Floor Bedroom,1st Floor Full Bath,Built-in Features,Walk-In Closet(s),Historic/Period Mlwk,Beamed Ceilings,Special Millwork,Granite Counters,Separate Dining Room
  • Flooring: Hardwood
  • Number of fireplaces: 4
  • Fireplace features: Family Room,Bedroom,Dining Room,Grand Entry Hall
  • Fireplace: Yes
  • Attic: Finished,Full,Interior Stair

Foyer

  • Features: Flooring (Ceramic Tile)
  • Level: Main
  • Area: 45
  • Dimensions: 5X9

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Zoned,Other
  • Cooling features: Central Air,Zoned,Other

Interior Area

  • Total structure area: 5,613
  • Total interior livable area: 5,638 sqft

Kitchen

  • Features: Flooring (Ceramic Tile)
  • Level: Main
  • Area: 192
  • Dimensions: 12X16

Kitchen2Nd

  • Features: Flooring (Ceramic Tile)
  • Level: Main
  • Area: 96
  • Dimensions: 12X8

Laundry

  • Level: Basement
  • Area: 144
  • Dimensions: 12X12

Living Room

  • Features: Flooring (Hardwood)
  • Level: Main
  • Area: 480
  • Dimensions: 16X30

Loft

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 322
  • Dimensions: 23X14

Master Bedroom

  • Features: Flooring (Hardwood),Bathroom (Full)
  • Level: Third
  • Area: 780
  • Dimensions: 26X30

Other

  • Features: Flooring (Hardwood)
  • Level: Second
  • Area: 117
  • Dimensions: 13X9

Other

  • Level: Main
  • Area: 204
  • Dimensions: 12X17

Other

  • Features: Flooring (Carpet)
  • Level: Main
  • Area: 187
  • Dimensions: 11X17

Other

  • Features: Flooring (Carpet)
  • Level: Main
  • Area: 190
  • Dimensions: 10X19

Other

  • Level: Main
  • Area: 817
  • Dimensions: 43X19

Property

Accessibility

  • Accessibility features: No Disability Access

Details

  • Parcel number: 2211418006
  • Special condition: None

Features

  • Stories: 3
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Water,Back of Property,Side(s) of Property
  • Water view: Water,Back of Property,Side(s) of Property
  • On waterfront: Yes
  • Waterfront features: River Front

Lot

  • Lot size: 0.72 Acres
  • Features: Corner Lot,Views
  • Lot size dimensions: 242x153x205x95

Parking

  • Total spaces: 10
  • Parking features: Concrete,Off Street,Driveway,Additional Parking,Yes,Owned
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,008$36,096
Home Insurance *$406$4,872
Property Taxes $942$11,304
Electricity $433$5,203
Total$4,789$57,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$164,194/yr
40% on housing$143,670/yr
45% on housing$127,706/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.1%
12.1%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.6%
-0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$106This listing

vs Other Active Listings

Avg $/sqft

ZIP 61350$187
LaSalle County$140

vs Homes Sold Last Month

Median $/sqft

ZIP 61350$144
LaSalle County$126

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-10Price change$595,000
2025-12-09Listed for sale$685,000

For Sale by Agent

AgentGeorge Shanley
BrokerageColdwell Banker Real Estate Group

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