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Ottawa 61350
1027 Paul Street
$155,000
● House - Off Market

1027 Paul Street

Ottawa, IL 61350
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,540 Ft²
$1,052
Est. Monthly
31.49%
Cap Rate

About This Property

Spacious five bedroom, two bath attractive home conveniently located on a corner lot near downtown Ottawa.  Large eat-in kitchen plus formal dining room.  Living room has electric fireplace and access to a screened patio.  Main floor family room with decorative fireplace.  Washer and dryer hookups on main floor.  Hot water heat. The bones are solid, the location is prime, and the potential is undeniable. Appliances included.
Unit Size
2,540 Ft²
Days on Market
-
Land Size
-
Price per sqft
$59
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1910

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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.

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • 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: 5,662
  • Total Building Area: 2,540
  • Gross Building Area: 2,540
  • Building Area: 2,540
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,540
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STATES ADD
  • Land Acres: 0000000130
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: STATES ADD, E75' LT 1 & N15' E75' LT 6 BLK 57 SEC 11-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962700

Geography

  • District: OT
  • Parcel: 21-11-227-008
  • Block: 57
  • Lot: 1-6
  • Meridian: SEC 11 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3508
  • Longitude: -88.84

    Address

  • Full Address: 1027 Paul St
  • Address - House Number: 1027
  • Address - Street Name: Paul
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C009
  • 4-Digit Zip Code: 2119
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $345,300
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.2655
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 62
  • Final Value: 154,581
  • High Value: 195,629
  • Low Value: 113,533

    Market Valuation

  • Market Total Value: $114,303
  • Market Land Value: $22,161
  • Market Improvement Value: $92,142

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,101
  • Assessed Land Value: $7,387
  • Assessed Improvements Value: $30,714

    Sales

  • Current Sale Contract Date: Sep 11, 2020
  • Current Sale Recording Date: Sep 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2020-14042
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

55

Average Home Size

1771 ft²

Average Home Age

51.9 years

Currently For Sale

63 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

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MRED

Listed by: Ivan Mariduena, Jennings Realty,Inc.
Data Source: MRED, MLS# MRD12357520
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 1027 Paul Street built and last sold?
The property at 1027 Paul Street was built in 1910 and last sold on Sep 11, 2020 for $119,500.
How much is this home worth?
The estimated value of the home located at 1027 Paul Street is $0.
What are some comparable homes to 1027 Paul Street?
There are currently no comparable homes to 1027 Paul Street.
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