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Ottawa 61350
415 Leland Street
$145,000
● House - Off Market

415 Leland Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,137 Ft²
$711
Est. Monthly
18.82%
Cap Rate

About This Property

Lots of potential in this 1137sf ranch situated on a corner lot with alley access to detached 2 car garage.  Home features 2 bedrooms, 1 bath, formal dining room, spacious living room and full basement.  Newer furnace and water heater.
Unit Size
1,137 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$113
Property Type
House
Property Taxes
$77
HOA Dues
-
Year Built
1880

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #12056647)

Price History

Date / Event Date Event Price
Jul 23, 2024 Sold
Premium
Sold
May 16, 2024 Listed by RE/MAX 1st Choice $129,000
Listed by RE/MAX 1st Choice

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • 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: 5,729
  • Total Building Area: 1,137
  • Gross Building Area: 1,137
  • Building Area: 1,137
  • 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: TRUE & FAYS SUB
  • Land Acres: 0000000131
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: OTTAWA CITY S47' SUBLOT 1 & 2 L7

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-10-423-014
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3445
  • Longitude: -88.8568

    Address

  • Full Address: 415 Leland St
  • Address - House Number: 415
  • Address - Street Name: Leland
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 3349
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $92,482
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 103,980
  • High Value: 118,136
  • Low Value: 89,823

    Market Valuation

  • Market Total Value: $89,235
  • Market Land Value: $20,640
  • Market Improvement Value: $68,595

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $29,745
  • Assessed Land Value: $6,880
  • Assessed Improvements Value: $22,865
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:

$229,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1753 ft²

Average Home Age

52 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: Phil Makarewicz, RE/MAX 1st Choice
Last Updated: 3 years ago
Data Source: MRED, MLS# 12056647
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 415 Leland Street built and last sold?
The property at 415 Leland Street was built in 1880 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 415 Leland Street is $134,563.
What are some comparable homes to 415 Leland Street?
There are currently no comparable homes to 415 Leland Street.
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