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LaSalle 61350
1417 E Rt 71 Highway
$155,000
● House - Off Market

1417 E Rt 71 Highway

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$1,279
Est. Monthly
17.18%
Cap Rate

About This Property

This 3 bedroom 2 bath ranch home is located within minutes from Starved Rock country and Matthiessen Park area.  Located on 4.63 acres with part of the back yard wooded.  If some clearance is done with the back yard, one would have a view of the Illinois River.  Deck with a covered porch.   2 car attached garage and 1 car detached garage with a loft above.  Full unfinished basement.  Cash or Conventional buyers only    Home is in need of repair but has much potential. Sold AS-IS with seller doing no repairs nor credits given.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
4.63 acres
Price per sqft
$107
Property Type
House
Property Taxes
$542
HOA Dues
-
Year Built
-

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • 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: 201,683
  • Total Building Area: 0
  • Building Area: 0

    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
  • Land Acres: 0000004630
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PT NW4-21-33-3-BEG 693.43' E SWCOR E277.47 N771.22 SWLY 74.39-S773.02 TO POB EX .365AC TO ST RT71

Neighborhood

  • School District Name: Deer Park Community Consolidated School District 82
  • Census Tract: 963500

Geography

  • District: SO
  • Parcel: 22-21-103-000
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3173
  • Longitude: -88.8913

    Address

  • Full Address: 1417 E State Route 71
  • Address - House Number: 1417
  • Street Direction: E
  • Address - Street Name: State Route 71
  • State: IL
  • City Name: Ottawa
  • Carrier Code: R004
  • 4-Digit Zip Code: 9279
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $596,390
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO003

    Appraisal Valuation

  • Standard Deviation: 0.2294
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 68
  • Final Value: 277,192
  • High Value: 340,792
  • Low Value: 213,592

    Market Valuation

  • Market Total Value: $239,757
  • Market Land Value: $77,406
  • Market Improvement Value: $162,351

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,919
  • Assessed Land Value: $25,802
  • Assessed Improvements Value: $54,117

    Sales

  • Current Sale Contract Date: Dec 18, 2009
  • Current Sale Recording Date: Apr 23, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 2010-08579
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 LaSalle

Stats & Trends

Median Asking:

$205,000

Sale Price/ft²

$146

Below Asking

0.02%

Average Days on Market

52

Average Home Size

3040 ft²

Average Home Age

71.3 years

Currently For Sale

288 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: Linda Kaszynski, Janko Realty & Development - Peru
Data Source: MRED, MLS# MRD12406531
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 1417 East State Rte 71 built and last sold?
The property at 1417 East State Rte 71 was built in and last sold on Dec 18, 2009 for $239,000.
How much is this home worth?
The estimated value of the home located at 1417 East State Rte 71 is $0.
What are some comparable homes to 1417 East State Rte 71?
There are currently no comparable homes to 1417 East State Rte 71.
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