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Ottawa 61350
1311 Chippewa Drive
$117,500
● House - Off Market

1311 Chippewa Drive

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,073 Ft²
$164,743
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

Lots of updates in this outstanding low maintenance 3 bedroom ranch located on Ottawa's south side.  Boasting an updated kitchen with newer appliances and large family room with cozy fireplace this ranch is ready for you to move in.  Other features include 3 spacious bedrooms with large closets and a completely remodeled bathroom (2019). Low maintenance flooring, updated windows and mechanicals. Private fenced in backyard. Extra wide 1-car heated garage.
Unit Size
1,073 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$110
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1957

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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.

Last updated: 2 years ago (MRED MLS #10719351)

Price History

Date / Event Date Event Price
Jun 26, 2020 Sold
Premium
Sold
May 19, 2020 Listed by RE/MAX 1st Choice $117,500
Listed by RE/MAX 1st Choice

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • 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: 7,841
  • Total Building Area: 1,073
  • Gross Building Area: 1,073
  • Building Area: 1,073
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,073
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOMAHAWK TERRACE 4TH ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOMAHAWK TERRACE 4TH ADD, LT 94 SEC 13-33-3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-320-007
  • Lot: 94
  • Meridian: SEC 13 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3277
  • Longitude: -88.8318

    Address

  • Full Address: 1311 Chippewa Dr
  • Address - House Number: 1311
  • Address - Street Name: Chippewa
  • Address - Suffix Type: Dr
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4603
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $360,618
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 128,789
  • High Value: 146,323
  • Low Value: 111,254

    Market Valuation

  • Market Total Value: $119,160
  • Market Land Value: $15,606
  • Market Improvement Value: $103,554

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,720
  • Assessed Land Value: $5,202
  • Assessed Improvements Value: $34,518

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202009592
  • Previous Sale Recording Date: Aug 17, 2006
  • Previous Sale Contract Date: Aug 09, 2006
  • Previous Sale Amount: $123,000
  • Previous Sale Document Type: 71

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    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

$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: Douglas Carroll, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 10719351
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 1311 Chippewa Drive built and last sold?
The property at 1311 Chippewa Drive was built in 1957 and last sold on Jul 1, 2020 for $117,500.
How much is this home worth?
The estimated value of the home located at 1311 Chippewa Drive is $0.
What are some comparable homes to 1311 Chippewa Drive?
There are currently no comparable homes to 1311 Chippewa Drive.
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