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Ottawa 61350
400 College Avenue
$234,000
● House - Off Market

400 College Avenue

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,060 Ft²
$1,551
Est. Monthly
10.45%
Cap Rate

About This Property

Warm welcome to 400 College Ave. Ottawa, located in desirable south side of Ottawa, situated on a double lot with walkable distance to historic downtown offering shopping and dining experience.  This spacious split level home features 2016 SF of living space equipped with 3 bedrooms, 2.5 bath, attached 2 car garage, and a double lot with a partially fenced in backyard.  Walking in your welcomed by a generous size living room and custom wood builtins, huge kitchen/dinning combo with easy exterior access to backyard patio.  Lower level bedroom offers private bath/laundry combo with backyard access.  FHA, USDA, & VA loans are welcome, schedule your private showing today!  Click the virtual tour link and view property video!
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$121
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1963

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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: 3 years ago (MRED MLS #11913407)

Price History

Date / Event Date Event Price
Jan 19, 2024 Sold
Premium
Sold
Oct 20, 2023 Listed by RE/MAX 1st Choice $250,000
Listed by RE/MAX 1st Choice

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 10,454
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 2,060
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POPES SUB
  • Land Acres: 0000000240
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: POPE'S SUB OF LT 22, W85' E105' N125' S145' ETC LOT 2

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 963600

Geography

  • District: SO
  • Parcel: 22-14-239-018
  • Lot: 22-2
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3318
  • Longitude: -88.8435

    Address

  • Full Address: 400 College Ave
  • Address - House Number: 400
  • Address - Street Name: College
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C014
  • 4-Digit Zip Code: 3867
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 89
  • Final Value: 244,383
  • High Value: 270,525
  • Low Value: 218,242

    Market Valuation

  • Market Total Value: $203,499
  • Market Land Value: $36,696
  • Market Improvement Value: $166,803

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $67,833
  • Assessed Land Value: $12,232
  • Assessed Improvements Value: $55,601

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-00605

    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:

$229,500

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, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 11913407
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 400 College Avenue built and last sold?
The property at 400 College Avenue was built in 1963 and last sold on Jan 18, 2024 for $234,000.
How much is this home worth?
The estimated value of the home located at 400 College Avenue is $0.
What are some comparable homes to 400 College Avenue?
There are currently no comparable homes to 400 College Avenue.
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