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Ottawa 61350
206 Forest Park Place
$350,000
● House - Off Market

206 Forest Park Place

Ottawa, IL 61350
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,920 Ft²
$2,430
Est. Monthly
7.86%
Cap Rate

About This Property

Proudly presenting your very own California Ranch Home in beautiful Ottawa IL.  Featuring almost 4000sf of finished space split betwen the first floor and a walkout basement, space is the last thing you will ever worry about. Walking in your welcomed by wide open area and warm colors featuring real exotic Acacia hardwood flooring, modern lighting and a gas fireplace.  Many large windows through out the home allowing for exterior wooded scenery and lots of natural light. First floor boasts 4 bedrooms, 2 full baths, living room, kitchen and dining room.  Walkout basment equpped with rec room, 2 bedrooms, full bath and heated sunroom leading to outside patio.  Lots of updates, competitive price and a great location make this home a winner!  Schedule a showing today and make this home your tomorrow.
Unit Size
3,920 Ft²
Days on Market
-
Land Size
0.88 acres
Price per sqft
$89
Property Type
House
Property Taxes
$716
HOA Dues
-
Year Built
1965

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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 #12298652)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Mar 4, 2025 In contract -
In contract
Feb 25, 2025 Listed by Keller Williams Innovate $349,000
Listed by Keller Williams Innovate

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 38,333
  • Total Building Area: 1,978
  • Gross Building Area: 1,978
  • Building Area: 1,978
  • 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: WILLCOX SUB
  • Land Acres: 0000000880
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: WILLCOX SUBD OF LTS 6 & 7, LTS 39 & 40 BLK 2 SEC 2-33-3

Neighborhood

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

Geography

  • District: OT
  • Parcel: 21-02-204-006
  • Block: 2
  • Lot: 6-40
  • Meridian: SEC 02 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3644
  • Longitude: -88.8447

    Address

  • Full Address: 206 Forest Park Pl
  • Address - House Number: 206
  • Address - Street Name: Forest Park
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C003
  • 4-Digit Zip Code: 1124
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $784,048
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.2396
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 275,526
  • High Value: 341,562
  • Low Value: 209,489

    Market Valuation

  • Market Total Value: $238,308
  • Market Land Value: $53,442
  • Market Improvement Value: $184,866

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $79,436
  • Assessed Land Value: $17,814
  • Assessed Improvements Value: $61,622

    Sales

  • Current Sale Contract Date: Mar 06, 2017
  • Current Sale Recording Date: Mar 09, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201703341

    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

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MRED

Listed by: Phil Makarewicz, Keller Williams Innovate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12298652
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 206 Forest Park Place built and last sold?
The property at 206 Forest Park Place was built in 1965 and last sold on Mar 6, 2017 for $217,000.
How much is this home worth?
The estimated value of the home located at 206 Forest Park Place is $352,490.
What are some comparable homes to 206 Forest Park Place?
There are currently no comparable homes to 206 Forest Park Place.
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