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Ottawa 61350
1525 Phelps Street
$32,000
● House - Off Market

1525 Phelps Street

OTTAWA, IL 61350
bedrooms
1 Bed
bathrooms
1 Bath
square feet
942 Ft²
$52,794
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Corner lot home features living room, formal dining room, kitchen with table space, large bedroom and full basement! 1 car garage and fenced yard! Owner occupant and nonprofit buyers only for the first 20 days. Investor offers will be reviewed starting day 21. Buyers will be required to sign an occupancy cert. Sellers will review offers after the property has been on the market 7 days. Sold as-is, taxes prorated at 100%!
Unit Size
942 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$37
Property Type
House
Property Taxes
$78
HOA Dues
-
Year Built
1906

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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.

Last updated: 2 years ago (MRED MLS #09888103)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Mar 18, 2018 Listed by Regional Realty Group $34,900
Listed by Regional Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1906
  • Effective Year Built: 1906
  • 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: 6,098
  • Total Building Area: 897
  • Gross Building Area: 897
  • Building Area: 897
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 897
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WOLFS SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WOLFES SUBD LT 7 EX S49.8' W33.78' LT 8 EX S49.8' BLK 2 EX PT TO RD SEC 10-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-10-420-002
  • Block: 2
  • Lot: 7-8
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3415
  • Longitude: -88.8648

    Address

  • Full Address: 1525 Phelps St
  • Address - House Number: 1525
  • Address - Street Name: Phelps
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 3253
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1333
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 73
  • Final Value: 36,393
  • High Value: 41,244
  • Low Value: 31,541

    Market Valuation

  • Market Total Value: $54,585
  • Market Land Value: $11,775
  • Market Improvement Value: $42,810

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $18,195
  • Assessed Land Value: $3,925
  • Assessed Improvements Value: $14,270

    Sales

  • Current Sale Contract Date: Sep 17, 2018
  • Current Sale Recording Date: Oct 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 201813371
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:

$229,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1734 ft²

Average Home Age

52 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

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MRED

Listed by: James Conway, Regional Realty Group
Last Updated: 2 years ago
Data Source: MRED, MLS# 09888103
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 1525 Phelps Street built and last sold?
The property at 1525 Phelps Street was built in 1906 and last sold on Sep 17, 2018 for $32,000.
How much is this home worth?
The estimated value of the home located at 1525 Phelps Street is $0.
What are some comparable homes to 1525 Phelps Street?
There are currently no comparable homes to 1525 Phelps Street.
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