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Ottawa 61350
11 Gridley Place
$266,000
● House - Off Market

11 Gridley Place

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,670 Ft²
$1,807
Est. Monthly
8.92%
Cap Rate
Unit Size
2,670 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$103
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1906

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • 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: 10,223
  • Total Building Area: 2,670
  • Gross Building Area: 2,670
  • Building Area: 2,670
  • 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: GREENS ADD RESUB OF BLK 19
  • Land Acres: 0000000234
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GREEN'S ADD, N77' W 5.54' L2 N77' LT 3 BLK 19 SEC 12-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962300

Geography

  • District: OT
  • Parcel: 21-12-305-001
  • Block: 19
  • Lot: 3
  • Meridian: SEC 12 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3466
  • Longitude: -88.8272

    Address

  • Full Address: 11 Gridley Pl
  • Address - House Number: 11
  • Address - Street Name: Gridley
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C012
  • 4-Digit Zip Code: 3109
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $497,328
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.2521
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 64
  • Final Value: 244,809
  • High Value: 306,538
  • Low Value: 183,080

    Market Valuation

  • Market Total Value: $157,743
  • Market Land Value: $39,798
  • Market Improvement Value: $117,945

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,581
  • Assessed Land Value: $13,266
  • Assessed Improvements Value: $39,315

    Sales

  • Current Sale Contract Date: Feb 28, 2018
  • Current Sale Recording Date: Feb 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201802362
  • Previous Sale Recording Date: Mar 21, 2012
  • Previous Sale Contract Date: Mar 10, 2012
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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:

$229,700

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1752 ft²

Average Home Age

50.6 years

Currently For Sale

71 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: Douglas Carroll, RE/MAX 1st Choice
Data Source: MRED, MLS# MRD12296934
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 11 Gridley Place built and last sold?
The property at 11 Gridley Place was built in 1906 and last sold on Feb 28, 2018 for $190,000.
How much is this home worth?
The estimated value of the home located at 11 Gridley Place is $0.
What are some comparable homes to 11 Gridley Place?
There are currently no comparable homes to 11 Gridley Place.
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