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Ottawa 61350
2021 Post Street
$140,000
● House - Off Market

2021 Post Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,476 Ft²
$975
Est. Monthly
20.12%
Cap Rate

About This Property

Charming one-story home featuring 3 bedrooms and 1 bathroom, offering plenty of space to spread out. The dining/family room provides an open and inviting atmosphere.    Enjoy the outdoors on the  deck off the back, with side parking for convenience. The updated kitchen features granite countertops and stainless steel appliances, providing a modern touch. New furnace 2023.    Selling as-is. Don't miss this great opportunity!
Unit Size
1,476 Ft²
Days on Market
-
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$312
HOA Dues
-
Year Built
1967

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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

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 3,485
  • Total Building Area: 1,540
  • Gross Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,540
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRUSHS ADD
  • Land Acres: 0000000080
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BRUSH'S ADD TO OTTAWA, LT 7 (EX N10' S32') BLK 4 & W62' N10' S32' LT 7 BLK 4 SEC 2-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-02-210-030
  • Block: 4
  • Lot: 7
  • Meridian: SEC 02 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3612
  • Longitude: -88.8385

    Address

  • Full Address: 2021 Post St
  • Address - House Number: 2021
  • Address - Street Name: Post
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C004
  • 4-Digit Zip Code: 1566
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $343,862
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 235,553
  • High Value: 330,953
  • Low Value: 140,152

    Market Valuation

  • Market Total Value: $96,621
  • Market Land Value: $10,617
  • Market Improvement Value: $86,004

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,207
  • Assessed Land Value: $3,539
  • Assessed Improvements Value: $28,668

    Sales

  • Current Sale Contract Date: Aug 03, 2022
  • Current Sale Recording Date: Aug 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-10039

    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:

$229,900

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1751 ft²

Average Home Age

48.6 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: Tara Davies, Re/Max Ultimate Professionals
Data Source: MRED, MLS# MRD12310132
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 2021 Post Street built and last sold?
The property at 2021 Post Street was built in 1967 and last sold on Aug 3, 2022 for $63,000.
How much is this home worth?
The estimated value of the home located at 2021 Post Street is $0.
What are some comparable homes to 2021 Post Street?
There are currently no comparable homes to 2021 Post Street.
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