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Ottawa 61350
411 1st Avenue
$220,000
● House - Off Market

411 1st Avenue

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,332 Ft²
$1,340
Est. Monthly
13.29%
Cap Rate

About This Property

Charming, well-maintained three bedroom, one bath home on the south side of Ottawa.  This home features an extra-large sunroom looking out to the backyard, perfect for relaxing or entertaining.  The eat-in kitchen offers ample space for meals.  Bay windows in both the living room and primary bedroom bring in plenty of natural light.  Enjoy a clean, functional basement with laundry area and built in shelving for storage.  A two-car garage adds convenience.  Just minutes from downtown Ottawa, shopping, schools and Starved Rock State Park.
Unit Size
1,332 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
House
Property Taxes
$259
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.

Property Highlights

Garage
Air Conditioning

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: 7,841
  • Total Building Area: 1,332
  • Gross Building Area: 1,332
  • Building Area: 1,332
  • 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: DAYS ADD
  • Land Acres: 0000000180
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: DAY'S ADD TO OTTAWA LOT 2 BLK 8 (EX N5

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-211-015
  • Block: 8
  • Lot: 2
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3381
  • Longitude: -88.8375

    Address

  • Full Address: 411 1st Ave
  • Address - House Number: 411
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C006
  • 4-Digit Zip Code: 3605
  • Zip Code: 61350

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.132
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 73
  • Final Value: 182,538
  • High Value: 206,648
  • Low Value: 158,427

    Market Valuation

  • Market Total Value: $182,337
  • Market Land Value: $27,567
  • Market Improvement Value: $154,770

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $60,779
  • Assessed Land Value: $9,189
  • Assessed Improvements Value: $51,590

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Sep 25, 2023
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2023-10000

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
  • First Mortgage Loan Type:
    Premium
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:

$227,200

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1783 ft²

Average Home Age

48.6 years

Currently For Sale

67 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: Cortney Kaufman, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12392071
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 411 1st Avenue built and last sold?
The property at 411 1st Avenue was built in 1965 and last sold on Sep 22, 2023 for $0.
How much is this home worth?
The estimated value of the home located at 411 1st Avenue is $223,802.
What are some comparable homes to 411 1st Avenue?
There are currently no comparable homes to 411 1st Avenue.
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