For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Ottawa 61350
1412 Cherokee Lane
$120,000
● House - Off Market

1412 Cherokee Lane

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,025 Ft²
$890
Est. Monthly
20.01%
Cap Rate

About This Property

3-bedroom, 1-bathroom ranch home on Ottawa's south side offers a functional layout with an eat-in kitchen with large table space. The home features good closet space throughout, providing ample storage. Outside, you'll find a one-car detached garage and a shed for additional storage. A straightforward, practical home that's ready for your personal touch!
Unit Size
1,025 Ft²
Days on Market
-
Land Size
-
Price per sqft
$134
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1957

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #12255927)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Feb 6, 2025 In contract -
In contract
Dec 13, 2024 Listed by Coldwell Banker Real Estate Group $136,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

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: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • 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: TOMAHAWK TERRACE 2ND ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: TOMAHAWK TERRACE 2ND ADD TO OTTAWA LOT 22

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-319-010
  • Lot: 22
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3267
  • Longitude: -88.8323

    Address

  • Full Address: 1412 Cherokee Ln
  • Address - House Number: 1412
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C011
  • 4-Digit Zip Code: 4521
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $124,072
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 99,093
  • High Value: 112,273
  • Low Value: 85,912

    Market Valuation

  • Market Total Value: $97,866
  • Market Land Value: $15,672
  • Market Improvement Value: $82,194

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,622
  • Assessed Land Value: $5,224
  • Assessed Improvements Value: $27,398
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

Click here to view more rentals in the neighborhood.
MRED

Listed by: George Shanley, Coldwell Banker Real Estate Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 12255927
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 1412 Cherokee Lane built and last sold?
The property at 1412 Cherokee Lane was built in 1957 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1412 Cherokee Lane is $0.
What are some comparable homes to 1412 Cherokee Lane?
There are currently no comparable homes to 1412 Cherokee Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
South Ottawa Homes for Sale
South Ottawa Houses for Sale
South Ottawa Townhouses for Sale
South Ottawa Multifamily for Sale
South Ottawa Land for Sale
South Ottawa Commercial for Sale
South Ottawa Homes with Basements
South Ottawa Homes with Pools
Nearby Cities
Ottawa Homes for Sale
North Utica Homes for Sale
Grand Ridge Homes for Sale
Dayton Homes for Sale
Naplate Homes for Sale
Nearby Property Records
LaSalle County, IL Property Records
Grundy County, IL Property Records
Kendall County, IL Property Records
Bureau County, IL Property Records
Marshall County, IL Property Records
Livingston County, IL Property Records
Lee County, IL Property Records
DeKalb County, IL Property Records
Nearby Counties
Ottawa Homes for Sale
Rutland Homes for Sale
Utica Homes for Sale
Deer Park Homes for Sale
Fall River Homes for Sale
Farm Ridge Homes for Sale
Vermillion Homes for Sale
Grand Rapids Homes for Sale
Top Real Estate Agents
Top Agents in South Ottawa
Top Agents in 61350
Top Agents in Ottawa
Top Agents in Ottawa
Top Agents in 61341
Top Agents in Rutland
Top Agents in 61348
Top Agents in North Utica