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Ottawa 61350
623 Marcy Street
$263,100
● House - Off Market

623 Marcy Street

Ottawa, IL 61350
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,200 Ft²
$1,689
Est. Monthly
13.16%
Cap Rate

About This Property

Welcome to 623 Marcy St. Ottawa, well maintained Bungalow offering 2200sf of living space and located in a great southside location walkable to beautiful downtown Ottawa filled with shopping and dining.  With 4 bedrooms, 2 baths and 2200sf this home has plenty of space for everyone.  Huge living room, formal dining room for that large dining room table, first floor bath and 2 bedrooms located on the main level.  Kitchen features white cabinetry, granite counters and subway backsplash.  Lots of original woodwork with old world charm and refinished hardwood flooring on first and second floor.   FHA, USDA, & VA loans are welcome!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$120
Property Type
House
Property Taxes
$388
HOA Dues
-
Year Built
1918

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Cap Rate Calculator

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • 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: 6,098
  • Total Building Area: 1,376
  • Gross Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,376
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUB OF SW 1/4 NE 1/4 SEC 14-33-3
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SUB OF SW1/4 NE1/4 SEC 14-33-3, W120' E150' LT 1; ALSO DESC AS: BEG SE COR LT 7, BLK 1 COOLEY'S ADD TO OTTAWA, W120' S52' E12

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-224-014
  • Block: 1
  • Lot: 1-7
  • Meridian: SEC 14 TWN 33 RNG 03
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3345
  • Longitude: -88.8458

    Address

  • Full Address: 623 Marcy St
  • Address - House Number: 623
  • Address - Street Name: Marcy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3851
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $393,910
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 141,798
  • High Value: 161,103
  • Low Value: 122,492

    Market Valuation

  • Market Total Value: $128,499
  • Market Land Value: $22,608
  • Market Improvement Value: $105,891

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $42,833
  • Assessed Land Value: $7,536
  • Assessed Improvements Value: $35,297

    Sales

  • Current Sale Contract Date: Jul 10, 2020
  • Current Sale Recording Date: Jul 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 202010206

    Last Sale Mortgage

  • First Mortgage Transaction Date:
    Premium
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

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MRED

Listed by: Phil Makarewicz, Keller Williams Innovate
Data Source: MRED, MLS# MRD12399640
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 623 Marcy Street built and last sold?
The property at 623 Marcy Street was built in 1918 and last sold on Jul 10, 2020 for $95,000.
How much is this home worth?
The estimated value of the home located at 623 Marcy Street is $273,306.
What are some comparable homes to 623 Marcy Street?
There are currently no comparable homes to 623 Marcy Street.
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