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Ottawa 61350
1429 Phelps Street
$121,000
● House - Off Market

1429 Phelps Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,004 Ft²
$939
Est. Monthly

About This Property

Spacious 3-4 bedroom, 2 bathroom on the west side of Ottawa.  The kitchen opens up to the dining and living rooms creating an open-concept space ideal for everyday living and enrtertaining.  The main floor features a convenient laundry room, a bedroom and a full bathroom.  One car detached garage.  Schedule your showing today.
Unit Size
2,004 Ft²
Days on Market
-
Land Size
-
Price per sqft
$65
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1896

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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

  • Year Built: 1896
  • Effective Year Built: 1896
  • 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: 7,585
  • Total Building Area: 2,004
  • Gross Building Area: 2,004
  • Building Area: 2,004
  • 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: OTTAWA CITY SUB OF LOTS 12 & 13
  • Land Acres: 0000000174
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OTTAWA CITY SUBLOT 5 L12 & 13 SEC 10-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-10-421-009
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3424
  • Longitude: -88.8625

    Address

  • Full Address: 1429 Phelps St
  • Address - House Number: 1429
  • Address - Street Name: Phelps
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 3251
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $304,144
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 99,264
  • High Value: 112,778
  • Low Value: 85,749

    Market Valuation

  • Market Total Value: $85,461
  • Market Land Value: $14,703
  • Market Improvement Value: $70,758

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $28,487
  • Assessed Land Value: $4,901
  • Assessed Improvements Value: $23,586
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:

$227,200

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1783 ft²

Average Home Age

48.6 years

Currently For Sale

67 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

Unit for rent at 1515 Pine Street, Ottawa, IL, 61350

$525 /mo

  • 1 Bed
  • 1 Bath
  • 403 ft²
1515 Pine Street #B, Ottawa, IL, 61350 Listing by Lloyd Chapman
Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12533521
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 1429 Phelps Street built and last sold?
The property at 1429 Phelps Street was built in 1896 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1429 Phelps Street is $143,765.
What are some comparable homes to 1429 Phelps Street?
There are currently no comparable homes to 1429 Phelps Street.
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