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Ottawa 61350
1252 Phelps Street
$30,000
● House - Off Market

1252 Phelps Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,220 Ft²
$29,832
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Sold before Print! Calling all investors and flippers for this 3 Bedroom home on the west side of Ottawa. Walking distance to schools, parks, downtown shopping, and restaurants.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
-
Price per sqft
$25
Property Type
House
Property Taxes
$135
HOA Dues
-
Year Built
1910

Payment Calculator

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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: 3 years ago (MRED MLS #11846252)

Price History

Date / Event Date Event Price
Aug 11, 2023 Sold
Premium
Sold
Jul 30, 2023 Listed by Arrow Realty Group LLC $30,000
Listed by Arrow Realty Group LLC

Property Highlights

Air Conditioning

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: 5,663
  • Total Building Area: 1,220
  • Gross Building Area: 1,220
  • Building Area: 1,220
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,220
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OTTAWA CITY SUB OF LOT 2
  • Land Acres: 0000000130
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OTTAWA CITY SL20 LT 2 SEC 10-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-10-414-006
  • Lot: 2
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3444
  • Longitude: -88.8589

    Address

  • Full Address: 1252 Phelps St
  • Address - House Number: 1252
  • Address - Street Name: Phelps
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 3277
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 213,941
  • High Value: 300,588
  • Low Value: 127,293

    Market Valuation

  • Market Total Value: $63,678
  • Market Land Value: $14,703
  • Market Improvement Value: $48,975

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $21,226
  • Assessed Land Value: $4,901
  • Assessed Improvements Value: $16,325

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2023-08461

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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

$157

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1825 ft²

Average Home Age

58.7 years

Currently For Sale

62 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: Miranda Worley, Arrow Realty Group LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11846252
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 1252 Phelps Street built and last sold?
The property at 1252 Phelps Street was built in 1910 and last sold on Aug 11, 2023 for $30,000.
How much is this home worth?
The estimated value of the home located at 1252 Phelps Street is $0.
What are some comparable homes to 1252 Phelps Street?
There are currently no comparable homes to 1252 Phelps Street.
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