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Ottawa 61350
611 Elm Street
$180,000
● House - Off Market

611 Elm Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,340 Ft²
$1,175
Est. Monthly
12.73%
Cap Rate

About This Property

Charming 1.5-Story Home with Private Backyard! This well-maintained 2 bed, 2 bath home offers comfort and character throughout. The spacious sunken living room opens to a private, fenced backyard through sliding glass doors-perfect for relaxing or entertaining.   A main floor bedroom connects to a full bath with dual access to the kitchen. Upstairs, the large master suite features his-and-her closets, a sunken tub, and walk-in attic access. Off-alley parking slab included.    Move-in ready and full of potential-don't miss this one!
Unit Size
1,340 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$134
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1930

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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
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 5,279
  • Total Building Area: 1,340
  • Gross Building Area: 1,340
  • Building Area: 1,340
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,340
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HESS 2ND ADD
  • Land Acres: 0000000121
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HESS 2ND ADD, N52' LTS 15 & 16 BLK 5 SEC 10-33-3

Neighborhood

  • School District Name: Ottawa Elementary School District 141
  • Census Tract: 962800

Geography

  • District: OT
  • Parcel: 21-10-401-016
  • Block: 5
  • Lot: 15-16
  • Meridian: SEC 10 TWN 33 RNG 03
  • Municipality: OTTAWA TOWNSHIP
  • Latitude: 41.3459
  • Longitude: -88.8618

    Address

  • Full Address: 611 Elm St
  • Address - House Number: 611
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C005
  • 4-Digit Zip Code: 2505
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: OT002

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 242,222
  • High Value: 340,323
  • Low Value: 144,120

    Market Valuation

  • Market Total Value: $106,785
  • Market Land Value: $17,709
  • Market Improvement Value: $89,076

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,595
  • Assessed Land Value: $5,903
  • Assessed Improvements Value: $29,692
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:

$229,700

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

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MRED

Listed by: Kimberly Hanouw, TCG Realty
Data Source: MRED, MLS# MRD12339633
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 611 Elm Street built and last sold?
The property at 611 Elm Street was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 611 Elm Street is $0.
What are some comparable homes to 611 Elm Street?
There are currently no comparable homes to 611 Elm Street.
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