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Ottawa 61350
701 Chambers Street
$165,000
● House - Off Market

701 Chambers Street

Ottawa, IL 61350
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,118 Ft²
$1,124
Est. Monthly
12.83%
Cap Rate

About This Property

Charming 2 bedroom 1.5 bath home on the south side of Ottawa.  Home is located on a corner lot with a one car detached garage.  Half bathroom is located on the main floor.  Plenty of storage throughout the home.  Both bedrooms have walk in closets.  Spacious living room and separate dining room both have crown molding and hardwood floors under the carpet.  Partially finished basement.  All appliances included.
Unit Size
1,118 Ft²
Days on Market
-
Land Size
-
Price per sqft
$151
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1925

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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.

Last updated: 3 years ago (MRED MLS #11902490)

Price History

Date / Event Date Event Price
Feb 29, 2024 Sold
Premium
Sold
Oct 6, 2023 Listed by Coldwell Banker Real Estate Group $169,000
Listed by Coldwell Banker Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 5,227
  • Total Building Area: 1,118
  • Gross Building Area: 1,118
  • Building Area: 1,118
  • 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: SUB OF SW 1/4 NE 1/4 SEC 14-33-3
  • Land Acres: 0000000120
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: S OF MOORE ST N67 1/2' W80' E260' LOT 17 SW 1/4 NE 1/4

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-234-012
  • Lot: 17
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.3336
  • Longitude: -88.8428

    Address

  • Full Address: 701 Chambers St
  • Address - House Number: 701
  • Address - Street Name: Chambers
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3903
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 89
  • Final Value: 158,619
  • High Value: 175,563
  • Low Value: 141,675

    Market Valuation

  • Market Total Value: $98,859
  • Market Land Value: $24,036
  • Market Improvement Value: $74,823

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $32,953
  • Assessed Land Value: $8,012
  • Assessed Improvements Value: $24,941

    Sales

  • Current Sale Contract Date: Feb 27, 2024
  • Current Sale Recording Date: Feb 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-01947

    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:

$227,200

Sale Price/ft²

$156

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1783 ft²

Average Home Age

48.6 years

Currently For Sale

67 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 817 Columbus Streets, Ottawa, IL, 61350

$2,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,384 ft²
817 Columbus Streets #2A, Ottawa, IL, 61350 Listing by Tammy Barry

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11902490
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 701 Chambers Street built and last sold?
The property at 701 Chambers Street was built in 1925 and last sold on Feb 27, 2024 for $165,000.
How much is this home worth?
The estimated value of the home located at 701 Chambers Street is $172,597.
What are some comparable homes to 701 Chambers Street?
There are currently no comparable homes to 701 Chambers Street.
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