$250,000
●
House -
Off Market
311 Cornell Street
Ottawa, IL 61350
4 Beds
2 Baths
2,064 Ft²
$1,735
Est. Monthly
13.89%
Cap Rate
About This Property
Charming 4 bedroom 2 full bathroom located just across the Illinois
river from Ottawa's beautiful downtown. This home has so much to
offer as it is filled with character. As you enter the front door
you have a spacious living area with double french doors that carry
out to the front patio. Wood burning fireplaces in the living room
as well as the basement. Original hardwood floors through out the
home. All stainless steel appliances replaced in the last 2 years.
Oversized 2 car garage around back with an extra large driveway
that can double as another area great for entertaining. Upstairs of
the home is filled with soft natural light filtered through unique
alcoves throughout the second floor. The largest bedroom, located
on the second floor, features not only a walk in closet but also a
separate 5x8 bonus room.
Unit Size
2,064 Ft²
Days on Market
-
Land Size
-
Price per sqft
$121
Property Type
House
Property Taxes
$508
HOA Dues
-
Year Built
1945
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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 #12147580)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by john greene, Realtor | $249,900 | |
| Listed by john greene, Realtor | |||
| Oct 28, 2022 | Sold | ||
| Sold | |||
| Aug 5, 2022 | Listed by Coldwell Banker Real Estate Group | $248,700 | |
| Listed by Coldwell Banker Real Estate Group | |||
| | |||
|
Welcome home! 4 bedroom, South side charmer featuring 4 bedrooms and 2 baths. Large living room features crown molding, French doors and fireplace. Hardwood floors under the carpet throughout. Separate dining room off the kitchen. Galley kitchen with butler's pantry. Two bedrooms and one bathroom on the main floor and two bedrooms and one bathroom on the second floor. Detached two car garage. Home is nearly 2100 square ft. You don't want to miss this one. Schedule a showing today!
| |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Ottawa
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Listed by: Avery Denoyer, john greene, Realtor
Last Updated: 2 years ago
Data Source: MRED, MLS# 12147580
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.
Last Updated: 2 years ago
Data Source: MRED, MLS# 12147580
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