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Ottawa 61350
1623 Poplar Street
$97,500
● House - Off Market

1623 Poplar Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
936 Ft²
$98,256
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Investors and first time buyers wanted for this northside 2-bedroom, 1-bathroom, 1-story ranch style home. Large living room, large eat-in kitchen with wood cabinets and natural woodwork throughout. Thermo windows throughout. Updated newer full bathroom. 23x23 2-car detached garage with two separated stalls and doors. Property is an estate and being sold as-is. Listing price based on a recent appraisal. The seller owns both 1619 and 1623 Poplar and will offer both properties for a package price of $180,000.
Unit Size
936 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$104
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 years ago (MRED MLS #11755480)

Price History

Date / Event Date Event Price
May 25, 2023 Sold
Premium
Sold
Apr 10, 2023 Listed by Coldwell Banker Real Estate Group $97,500
Listed by Coldwell Banker Real Estate Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • 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: 7,405
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHAMPLINS ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CHAMPLAIN'S ADD, LT 1 BLK 18 SEC 2-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962600

Geography

  • District: OT
  • Parcel: 21-02-313-001
  • Block: 18
  • Lot: 1
  • Meridian: SEC 02 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3572
  • Longitude: -88.8549

    Address

  • Full Address: 1623 Poplar St
  • Address - House Number: 1623
  • Address - Street Name: Poplar
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C003
  • 4-Digit Zip Code: 1349
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $82,968
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 220,696
  • High Value: 310,079
  • Low Value: 131,312

    Market Valuation

  • Market Total Value: $73,974
  • Market Land Value: $11,073
  • Market Improvement Value: $62,901

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $24,658
  • Assessed Land Value: $3,691
  • Assessed Improvements Value: $20,967

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: May 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023-05168

    Financing

  • First Mortgage Financing Type: VAR
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:

$229,900

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1737 ft²

Average Home Age

49.5 years

Currently For Sale

70 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: George Shanley, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11755480
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 1623 Poplar Street built and last sold?
The property at 1623 Poplar Street was built in 1953 and last sold on May 25, 2023 for $97,500.
How much is this home worth?
The estimated value of the home located at 1623 Poplar Street is $0.
What are some comparable homes to 1623 Poplar Street?
There are currently no comparable homes to 1623 Poplar Street.
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