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Ottawa 61350
601 College Avenue S
$155,000
● House - Off Market

601 College Avenue S

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,100 Ft²
$1,131
Est. Monthly

About This Property

**Charming Ranch in College Hill Subdivision!**  Step into this delightful 2-bedroom ranch where classic charm meets modern updates. Featuring a full basement, one-car garage, and a versatile "extra" Sun/Florida room with baseboard heat perfect for additional living space. Enjoy peace of mind with newer flooring in most rooms and fresh paint throughout. Kitchen appliances, washer, and dryer are all included-just move right in and make this home your own!
Unit Size
1,100 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$145
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1955

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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.

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 933
  • Gross Building Area: 933
  • Building Area: 933
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 933
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE HILL SUB
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COLLEGE HILL SUBD OF LOTS 4-5-6& 10 SE 1/4 SEC 14 L16 B1

Neighborhood

  • School District Name: Deer Park Community Consolidated School District 82
  • Census Tract: 963500

Geography

  • District: SO
  • Section: 14
  • Parcel: 22-14-400-009
  • Lot: 4-10
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3314
  • Longitude: -88.8458

    Address

  • Full Address: 601 College Ave
  • Address - House Number: 601
  • Address - Street Name: College
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C016
  • 4-Digit Zip Code: 3869
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $362,276
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.4581
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 8
  • Final Value: 97,478
  • High Value: 142,139
  • Low Value: 52,816

    Market Valuation

  • Market Total Value: $101,625
  • Market Land Value: $35,280
  • Market Improvement Value: $66,345

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $33,875
  • Assessed Land Value: $11,760
  • Assessed Improvements Value: $22,115

    Sales

  • Current Sale Contract Date: May 25, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-05220
  • Previous Sale Recording Date: Dec 10, 2015
  • Previous Sale Contract Date: Dec 09, 2015
  • Previous Sale Amount: $84,000
  • 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:

$229,900

Sale Price/ft²

$157

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1780 ft²

Average Home Age

48 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

Unit for rent at 615 Green Street, Ottawa, IL, 61350

$950 /mo

  • 2 Beds
  • 1 Bath
  • 600 ft²
615 Green Street #LOWER, Ottawa, IL, 61350 Listing by Shawn Sell
Unit for rent at 611 Webster Street, Ottawa, IL, 61350

$1,200 /mo

  • 2 Beds
  • 1 Bath
  • 980 ft²
611 Webster Street #B, Ottawa, IL, 61350 Listing by Irina Allison

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cynthia Hunt, Advantage Realty, Inc.
Data Source: MRED, MLS# MRD12500842
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 601 College Avenue built and last sold?
The property at 601 College Avenue was built in 1955 and last sold on May 25, 2023 for $136,000.
How much is this home worth?
The estimated value of the home located at 601 College Avenue is $163,148.
What are some comparable homes to 601 College Avenue?
There are currently no comparable homes to 601 College Avenue.
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