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Ottawa 61350
748 Marcy Street
$156,000
● House - Off Market

748 Marcy Street

Ottawa, IL 61350
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,770 Ft²
$1,256
Est. Monthly
15.39%
Cap Rate

About This Property

Three bedroom 2.5 bath split-level home located in a desirable south side neighborhood.  This property features a spacious yard and an attached two-car garage.  The kitchen opens up to the dining area and flows into the living room.  Sliding glass doors off the dining area lead to a deck, ideal for outdoor entertaining.  The primary bedroom includes a private en-suite bath. The lower level offers a family room, providing additional living space for relaxation or recreation.
Unit Size
1,770 Ft²
Days on Market
-
Land Size
-
Price per sqft
$96
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 1975
  • Effective Year Built: 1975
  • 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: 11,326
  • Total Building Area: 1,588
  • Gross Building Area: 1,588
  • Building Area: 1,588
  • 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: SPURGINS SUB
  • Land Acres: 0000000260
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SPURGINS SUBD -LOT 2 & S 1/2 LOT 3

Neighborhood

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

Geography

  • District: SO
  • Parcel: 22-14-233-030
  • Lot: 2-3
  • Municipality: SOUTH OTTAWA TOWNSHIP
  • Latitude: 41.332
  • Longitude: -88.8452

    Address

  • Full Address: 748 Marcy St
  • Address - House Number: 748
  • Address - Street Name: Marcy
  • Address - Suffix Type: St
  • State: IL
  • City Name: Ottawa
  • Carrier Code: C008
  • 4-Digit Zip Code: 3873
  • Zip Code: 61350

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $460,804
  • Tax Rate Code Area: SO001

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 159,698
  • High Value: 181,440
  • Low Value: 137,955

    Market Valuation

  • Market Total Value: $147,264
  • Market Land Value: $42,924
  • Market Improvement Value: $104,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $49,088
  • Assessed Land Value: $14,308
  • Assessed Improvements Value: $34,780

    Sales

  • Current Sale Contract Date: Mar 07, 2013
  • Current Sale Recording Date: Mar 07, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013-04899
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

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MRED

Listed by: Cortney Kaufman, Coldwell Banker Real Estate Group
Data Source: MRED, MLS# MRD12344199
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 748 Marcy Street built and last sold?
The property at 748 Marcy Street was built in 1975 and last sold on Mar 7, 2013 for $107,500.
How much is this home worth?
The estimated value of the home located at 748 Marcy Street is $180,007.
What are some comparable homes to 748 Marcy Street?
There are currently no comparable homes to 748 Marcy Street.
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