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Ottawa 61350
1023 Catherine Street
$122,000
● House - Off Market

1023 Catherine Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
915 Ft²
$748
Est. Monthly
19.84%
Cap Rate

About This Property

Discover this charming 2 bedroom, 1 bath home, complete with a one-car garage. Great features to this home, that add character and charm include a cozy nook area for dining with bench seating, original hardwood floor in the front bedroom (which may be under the living room carpet), arched doorways, skeleton key doorknobs, and built in shelving. Relax on the enclosed front porch, or enjoy the outdoors with the established garden and fire pit area. You'll find guests can have the ease of the alley access for additional parking.This home would be an ideal starter home, a house to downsize into, or a great purchase to use as an income property. Estate sale and selling as-is.
Unit Size
915 Ft²
Days on Market
-
Land Size
-
Price per sqft
$137
Property Type
House
Property Taxes
$133
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MRED MLS #12186906)

Price History

Date / Event Date Event Price
Dec 18, 2024 Sold
Premium
Sold
Nov 23, 2024 In contract -
In contract
Nov 19, 2024 Relisted $125,000
Relisted
Oct 20, 2024 In contract -
In contract
Oct 12, 2024 Listed by RE/MAX 1st Choice $125,000
Listed by RE/MAX 1st Choice

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 6,534
  • Total Building Area: 797
  • Gross Building Area: 797
  • Building Area: 797
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAWNDALE ADD
  • Land Acres: 0000000150
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LAWNDALE ADD TO OTTAWA LOT 11 BLK 3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963500

Geography

  • District: SO
  • Parcel: 22-14-409-016
  • Block: 3
  • Lot: 11
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3304
  • Longitude: -88.8386

    Address

  • Full Address: 1023 Catherine St
  • Address - House Number: 1023
  • Address - Street Name: Catherine
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C014
  • 4-Digit Zip Code: 4401
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $165,488
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 94,929
  • High Value: 107,853
  • Low Value: 82,004

    Market Valuation

  • Market Total Value: $84,711
  • Market Land Value: $19,749
  • Market Improvement Value: $64,962

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,237
  • Assessed Land Value: $6,583
  • Assessed Improvements Value: $21,654

    Sales

  • Current Sale Contract Date: Aug 25, 2005
  • Current Sale Recording Date: Aug 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2005-22632

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Ottawa

Stats & Trends

Median Asking:

$229,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1782 ft²

Average Home Age

55.6 years

Currently For Sale

61 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MRED

Listed by: Brittany Ross, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 12186906
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1023 Catherine Street built and last sold?
The property at 1023 Catherine Street was built in 1930 and last sold on Aug 25, 2005 for $86,000.
How much is this home worth?
The estimated value of the home located at 1023 Catherine Street is $0.
What are some comparable homes to 1023 Catherine Street?
There are currently no comparable homes to 1023 Catherine Street.
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