526 Congress Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2023 | Listed by EXIT Strategy Realty | $355,000 | |
| Listed by EXIT Strategy Realty | |||
| | |||
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This beautiful Tuscan style Italianate historic home in Ottawa is a stunning example of classic 19th-century architecture. Built in 1876, it has been lovingly maintained over the years and retains many of its original features. This home is well acknowledged for its authentic, original Italianate features- such as the modillion brackets and dentils at the cornice and the detailed woodwork of the inviting front porch. With four spacious bedrooms and three bathrooms, this home offers plenty of space for a growing family or those who love to entertain. From the moment you step inside, you'll be struck by the home's timeless elegance. Over 3000sqft of living space, high ceilings, intricate molding, and gorgeous hardwood floors are just a few of the features that make this home special. The living room is the perfect place to relax and unwind, with large windows that let in plenty of natural light. The kitchen has been updated with modern appliances while maintaining its classic charm. The exterior of the home was completely renovated in 2013 to include all new maintenance-free LP Smartboard with prefinished color and insulation, a new roof, all windows replaced with Anderson windows, and the original brackets and dentils at the cornice were removed, hand-painted and reattached. In 2018 the expansive patio was completed with Unilock pavers and professional landscaping. The home has zoned heating and cooling with two new central air units installed in 2021. In 2023 a 100 amp main breaker panel and a 100 amp sub-panel were installed to replace the existing fuses. The interior of the home had plaster repairs where needed and walls were freshly painted. Upstairs, you'll find the four bedrooms, each one uniquely designed with its own character. Two bathrooms have also been updated with modern fixtures, making them both beautiful and functional. This historic home in Ottawa, Illinois, is truly a one-of-a-kind property that offers both character and convenience. See additional information for further maintenance details and historical information!
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| Sep 18, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by RE/MAX 1st Choice | $359,000 | |
| Listed by RE/MAX 1st Choice | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017