$116,000
●
House -
Off Market
1403 Cherokee Lane
OTTAWA, IL 61350
3 Beds
2 Baths
1,200 Ft²
$217,998
RealtyHop Estimate
85.53%
Since Aug 1, 2014
National-US
Primary Model
About This Property
One story, three bedroom, two bath home, 3 car heated garage with
drop down attic stairs for extra storage. Home has Schrock
Oak kitchen cabinets. Hand finished oak doors and trim.
50 year shingles on roof. Fenced back yard with gate. This
home has many extras and is in move in condition. Must see.
Unit Size
1,200 Ft²
Days on Market
-
Land Size
-
Price per sqft
$98
Property Type
House
Property Taxes
$222
HOA Dues
-
Year Built
1953
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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 #08608400)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 11, 2025 | Sold | ||
| Sold | |||
| Jan 30, 2025 | Relisted | $195,000 | |
| Relisted | |||
| Dec 6, 2024 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Listed by Coldwell Banker Real Estate Group | $195,000 | |
| Listed by Coldwell Banker Real Estate Group | |||
| | |||
|
Discover the charm and convenience of this easy-to-maintain 3-bedroom, 2-bathroom ranch home located in a quiet neighborhood. Step inside to find updated vinyl flooring, offering both style and durability for everyday living. The spacious, extra-wide, and deep 3-car heated garage provides ample room for vehicles, storage, or even a workshop. Exterior updates include newer siding and gutters with leaf guards, ensuring long-term durability and minimal upkeep. The fully fenced backyard is perfect for outdoor entertaining, pets, or play, and it features a garden shed with a concrete floor for additional storage or hobby space. Nestled in a peaceful community, this home offers modern upgrades and functional features, making it the perfect blend of comfort and practicality.
| |||
| Jul 13, 2017 | Listed | $129,000 | |
| Listed | |||
| | |||
|
Ranch home with 3 bedrooms, 2 baths and 3 car tandem garage with overhead door to back yard. Large eat in kitchen with Schrock Oak cabinets, oak doors and trim. Nice size laundry with access to back yard. Fenced backyard with patio and shed. Great for car mechanics or bring your toys for this large garage that's heated with drop down attic stairs for storage. Move right in! The manager has listed the unit size as 1200 square feet.
| |||
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Property Highlights
Parking Available
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Katie Troccoli, Washington Square, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 08608400
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 08608400
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