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Ottawa 61350
1141 1st Avenue
$65,000
● House - Off Market

1141 1st Avenue

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,012 Ft²
$541
Est. Monthly
30.79%
Cap Rate

About This Property

Located on Ottawa's south side and conveniently tucked away from the road, this 2 bedroom, 1 bathroom home features over 1,000 square feet, a kitchen with table space, a separate dining room, a spacious living room, a laundry room, a welcoming foyer, and ample storage space. The home also showcases bamboo flooring, vinyl windows, a new furnace in 2024, and a roof that is approximately 3 years old. Outside highlights a spacious fully fenced yard, a 2 vehicle carport, and a storage shed. All appliances stay. Come see the charm this home contains!
Unit Size
1,012 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$79
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1938

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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 #12080214)

Price History

Date / Event Date Event Price
Oct 25, 2024 Sold
Premium
Sold
Oct 4, 2024 In contract -
In contract
Aug 30, 2024 Relisted $80,000
Relisted
Aug 25, 2024 In contract -
In contract
Aug 1, 2024 Price Decreased $80,000
↓ $15K (15.8%)
Price Decreased
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • 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: 11,761
  • Total Building Area: 1,012
  • Gross Building Area: 1,012
  • Building Area: 1,012
  • 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: HESS SUB
  • Land Acres: 0000000270
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HESS SUBD S 21' N 1/2 E 1/2 & E 1/2 S 1/2 LOT 21 EX 931 SQ FT TO STATE ROAD

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-431-010
  • Lot: 21
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.326
  • Longitude: -88.8376

    Address

  • Full Address: 1141 1st Ave
  • Address - House Number: 1141
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4503
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $155,968
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 78,261
  • High Value: 88,916
  • Low Value: 67,605

    Market Valuation

  • Market Total Value: $67,752
  • Market Land Value: $25,386
  • Market Improvement Value: $42,366

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,584
  • Assessed Land Value: $8,462
  • Assessed Improvements Value: $14,122
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:

$229,500

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

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MRED

Listed by: Patrick Chismarick, Chismarick Realty, LLC
Last Updated: 2 years ago
Data Source: MRED, MLS# 12080214
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 1141 1st Avenue built and last sold?
The property at 1141 1st Avenue was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1141 1st Avenue is $86,388.
What are some comparable homes to 1141 1st Avenue?
There are currently no comparable homes to 1141 1st Avenue.
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