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Ottawa 61350
522 4th Avenue
$161,000
● House - Off Market

522 4th Avenue

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
950 Ft²
$1,127
Est. Monthly
14.07%
Cap Rate

About This Property

Welcome to this charming two-bedroom, one-bath ranch home located in the heart of Ottawa's South Side! Perfectly situated near a beautiful park, this home offers a peaceful and convenient lifestyle. Step inside to find hardwood floors that add warmth and character to the cozy living space. The sunroom invites natural light, making it a perfect spot for relaxation or enjoying your morning coffee.    Outside, the fenced yard provides a private space ideal for gatherings, children, or pets. Dive into the refreshing above-ground pool in the summer, or simply relax in your personal oasis. Additional features include a one-car garage, adding practicality and storage options. Don't miss out on this South Side gem-it's ready to welcome you home!
Unit Size
950 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
1950

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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 #12208215)

Price History

Date / Event Date Event Price
Dec 20, 2024 Sold
Premium
Sold
Nov 27, 2024 In contract -
In contract
Nov 19, 2024 Price Decreased $164,900
↓ $5K (2.9%)
Price Decreased
Nov 11, 2024 Listed by Homesmart Realty Group IL $169,900
Listed by Homesmart Realty Group IL

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 985
  • Gross Building Area: 985
  • Building Area: 985
  • 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 2ND ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HIGHLAND 2ND ADD TO OTTAWA LOT 4 BLK 13

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-13-110-004
  • Block: 13
  • Lot: 4
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3363
  • Longitude: -88.8335

    Address

  • Full Address: 522 4th Ave
  • Address - House Number: 522
  • Address - Street Name: 4th
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C006
  • 4-Digit Zip Code: 3620
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $346,138
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.2414
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 66
  • Final Value: 140,226
  • High Value: 174,086
  • Low Value: 106,365

    Market Valuation

  • Market Total Value: $115,098
  • Market Land Value: $23,313
  • Market Improvement Value: $91,785

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,366
  • Assessed Land Value: $7,771
  • Assessed Improvements Value: $30,595

    Sales

  • Current Sale Contract Date: Jul 31, 2014
  • Current Sale Recording Date: Aug 04, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2014-14518
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

Rentals Near You

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MRED

Listed by: Tammy Barry, Homesmart Realty Group IL
Last Updated: 2 years ago
Data Source: MRED, MLS# 12208215
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 522 4th Avenue built and last sold?
The property at 522 4th Avenue was built in 1950 and last sold on Jul 31, 2014 for $83,000.
How much is this home worth?
The estimated value of the home located at 522 4th Avenue is $0.
What are some comparable homes to 522 4th Avenue?
There are currently no comparable homes to 522 4th Avenue.
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