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Ottawa 61350
440 4th Avenue
$97,500
● House - Off Market

440 4th Avenue

OTTAWA, IL 61350
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,078 Ft²
$178,406
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

Nice three bedroom home with covered front porch. Formal Dining Room with hardwood flooring open to the living room. Newly remodeled bathroom.  Enjoy the 20x19 deck with built-in seating. New roof (within the last 5 years) with gutters on house and on the oversized 24x40 garage with alley access. Nicely landscaped yard.  This Southside ranch is move in ready and includes all appliances.  Move-in ready and priced to sell quickly.
Unit Size
1,078 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$95
Property Type
House
Property Taxes
$186
HOA Dues
-
Year Built
1928

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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: 2 years ago (MRED MLS #09094173)

Price History

Date / Event Date Event Price
Mar 25, 2016 Sold
Premium
Sold
Nov 30, 2015 Listed by 4 Sale Realty, Inc. $102,500
Listed by 4 Sale Realty, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • 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: 7,405
  • Total Building Area: 1,032
  • Gross Building Area: 1,032
  • Building Area: 1,032
  • 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: HIGHLAND ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HIGHLAND ADD TO OTTAWA LOT 11 BLK 8

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-103-011
  • Block: 8
  • Lot: 11
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3372
  • Longitude: -88.8334

    Address

  • Full Address: 440 4th Ave
  • Address - House Number: 440
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C006
  • 4-Digit Zip Code: 3618
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $334,664
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 106,779
  • High Value: 121,317
  • Low Value: 92,240

    Market Valuation

  • Market Total Value: $111,879
  • Market Land Value: $24,738
  • Market Improvement Value: $87,141

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,293
  • Assessed Land Value: $8,246
  • Assessed Improvements Value: $29,047

    Sales

  • Current Sale Contract Date: Mar 25, 2016
  • Current Sale Recording Date: Mar 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201603926
  • Previous Sale Recording Date: Feb 01, 2010
  • Previous Sale Contract Date: Jan 28, 2010
  • Previous Sale Amount: $46,000
  • Previous Sale Document Type: 71

    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:

$229,000

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

54

Average Home Size

1857 ft²

Average Home Age

54.3 years

Currently For Sale

60 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: Quin O'Brien, 4 Sale Realty, Inc.
Last Updated: 2 years ago
Data Source: MRED, MLS# 09094173
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 440 4th Avenue built and last sold?
The property at 440 4th Avenue was built in 1928 and last sold on Mar 25, 2016 for $97,500.
How much is this home worth?
The estimated value of the home located at 440 4th Avenue is $0.
What are some comparable homes to 440 4th Avenue?
There are currently no comparable homes to 440 4th Avenue.
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