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Ottawa 61350
1900 Ottawa Avenue
$79,800
● House - Off Market

1900 Ottawa Avenue

OTTAWA, IL 61350
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,411 Ft²
$149,354
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

Spacious 1.5 story, over 1400sf, 3bed,1bath, 2 car detached garage situated on a large lot.  Living room quipped with fireplace, formal dining room of the kitchen, and a large heated 3 season room in the back.
Unit Size
1,411 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$60
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1929

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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 #09099331)

Price History

Date / Event Date Event Price
Feb 4, 2016 Sold
Premium
Sold
Dec 9, 2015 Listed by RE/MAX 1st Choice $84,900
Listed by RE/MAX 1st Choice

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1929
  • 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: 14,460
  • Total Building Area: 1,458
  • Gross Building Area: 1,458
  • Building Area: 1,458
  • 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: PALKOS SUB (VACATED BK 658 PG 78)
  • Land Acres: 0000000332
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OTTAWA CITY W52' S 280' LT 42 SEC 15-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-15-100-005
  • Lot: 42
  • Meridian: SEC 15 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3375
  • Longitude: -88.8699

    Address

  • Full Address: 1900 Ottawa Ave
  • Address - House Number: 1900
  • Address - Street Name: Ottawa
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C017
  • 4-Digit Zip Code: 3443
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $371,162
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 83,132
  • High Value: 94,450
  • Low Value: 71,813

    Market Valuation

  • Market Total Value: $122,292
  • Market Land Value: $16,203
  • Market Improvement Value: $106,089

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $40,764
  • Assessed Land Value: $5,401
  • Assessed Improvements Value: $35,363

    Sales

  • Current Sale Contract Date: Feb 04, 2016
  • Current Sale Recording Date: Feb 04, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201601684

    Financing

  • First Mortgage Financing Type: FIX
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:

$229,500

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

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MRED

Listed by: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 09099331
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 1900 Ottawa Avenue built and last sold?
The property at 1900 Ottawa Avenue was built in 1929 and last sold on Feb 4, 2016 for $79,500.
How much is this home worth?
The estimated value of the home located at 1900 Ottawa Avenue is $0.
What are some comparable homes to 1900 Ottawa Avenue?
There are currently no comparable homes to 1900 Ottawa Avenue.
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