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Ottawa 61350
416 Chambers Street
$234,500
● House - Off Market

416 Chambers Street

Ottawa, IL 61350
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,234 Ft²
$1,911
Est. Monthly
12.39%
Cap Rate

About This Property

Plenty of room in this spacious 4-5 bedroom, 3.5 bath home on the south side of Ottawa.  Large eat-in kitchen, separate dining room, living room with gas fireplace and office/5th bedroom.  Hardwood floors have recently been refinished.  New carpet in the living room and on the steps to the upstairs.  Most rooms have been recently painted.  Two car garage.  Extra large deck to the rear of the house.  Partially finished walkout basement includes a full bathroom. Schedule a showing today!
Unit Size
2,234 Ft²
Days on Market
-
Land Size
-
Price per sqft
$114
Property Type
House
Property Taxes
$658
HOA Dues
-
Year Built
2005

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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 #11902643)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Oct 6, 2023 Listed by Coldwell Banker Real Estate Group $254,900
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • 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: 8,276
  • Total Building Area: 2,234
  • Gross Building Area: 2,234
  • Building Area: 2,234
  • 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: GLOVERS ADD
  • Land Acres: 0000000190
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: GLOVER'S ADD BEG AT NW COR L 1 BLK ETC W D 900-305 B18

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-208-019
  • Lot: 1
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3378
  • Longitude: -88.8423

    Address

  • Full Address: 416 Chambers St
  • Address - House Number: 416
  • Address - Street Name: Chambers
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3816
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $790,184
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 251,542
  • High Value: 278,450
  • Low Value: 224,635

    Market Valuation

  • Market Total Value: $220,011
  • Market Land Value: $15,318
  • Market Improvement Value: $204,693

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $73,337
  • Assessed Land Value: $5,106
  • Assessed Improvements Value: $68,231

    Sales

  • Current Sale Contract Date: Dec 01, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-13903

    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:

$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
Last Updated: 3 years ago
Data Source: MRED, MLS# 11902643
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 416 Chambers Street built and last sold?
The property at 416 Chambers Street was built in 2005 and last sold on Dec 1, 2023 for $234,500.
How much is this home worth?
The estimated value of the home located at 416 Chambers Street is $263,104.
What are some comparable homes to 416 Chambers Street?
There are currently no comparable homes to 416 Chambers Street.
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