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Ottawa 61350
645 Cornell Street
$158,000
● House - Off Market

645 Cornell Street

Ottawa, IL 61350
bedrooms
1 Bed
bathrooms
2 Baths
square feet
904 Ft²
$1,138
Est. Monthly
11.10%
Cap Rate

About This Property

Come take a look a this great home on the south side of Ottawa offering 900sf of living space and additional 300sf finished basement with potential 2nd bedroom location.   Spcious living room, eat in kitchen, real hardwood flooring, and pine ceiling in kitchen.  Backyard fenced with monster 3 car garage, insulated, heat and A/C.  FHA, VA, & USDA loans are welcome.
Unit Size
904 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$183
Property Type
House
Property Taxes
$327
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.

Property Highlights

Garage
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: 6,970
  • Total Building Area: 904
  • Gross Building Area: 904
  • Building Area: 904
  • 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: COLLEGE HILL 2ND ADD
  • Land Acres: 0000000160
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: COLLEGE HILL 2ND ADD PT L 17 EX N 6' LOT 2 & ALL LOT 2 1/2 BLK 20

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-226-023
  • Block: 20
  • Lot: 2-1
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3341
  • Longitude: -88.8436

    Address

  • Full Address: 645 Cornell St
  • Address - House Number: 645
  • Address - Street Name: Cornell
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3823
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $330,728
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 93,237
  • High Value: 105,931
  • Low Value: 80,542

    Market Valuation

  • Market Total Value: $110,775
  • Market Land Value: $23,910
  • Market Improvement Value: $86,865

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,925
  • Assessed Land Value: $7,970
  • Assessed Improvements Value: $28,955

    Sales

  • Current Sale Contract Date: Aug 23, 2017
  • Current Sale Recording Date: Aug 25, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201713022
  • Previous Sale Recording Date: Aug 16, 2006
  • Previous Sale Contract Date: Aug 15, 2006
  • Previous Sale Amount: $92,500
  • 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:

$229,500

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# MRD12453955
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 645 Cornell Street built and last sold?
The property at 645 Cornell Street was built in 1950 and last sold on Aug 23, 2017 for $80,000.
How much is this home worth?
The estimated value of the home located at 645 Cornell Street is $0.
What are some comparable homes to 645 Cornell Street?
There are currently no comparable homes to 645 Cornell Street.
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