Seller's Agent in 2022
George Shanley
Coldwell Banker Real Estate Group
(815) 228-1859
314 in this area
469 Total Sales
110 E Fremont St Ottawa, IL 61350
24
Beds
12
Baths
--
Sq Ft
0.93
Acres
About This Home
As of May 2022*Multiple offers received -- Seller will allow showings and entertain all offers until Monday 3/21 at noon -- highest and best requested by Monday at noon* Investors Wanted! Located in Ottawa Illinois Starved Rock Country and the Town of Two Rivers! Conveniently located on the corner of Fremont and Columbus Street on Ottawa's north side. Easy access to schools, downtown shopping and dining, and highways for commuters. Three buildings (on 3 separate PINs), 4 units in each building for 12 units total. This property is being sold as a package only. All units are the same but may have different finishes. The units consist of 2 spacious bedrooms, 1 full bathroom with tub/shower combo, oak kitchen cabinets with dining area, lots of storage and private laundry room in each unit. These units are very easy to rent and currently under-rented ($700-800/month) and could rent for $850-950 or $1000 a month. Each unit includes a stove, refrigerator, washer and dryer. Off street parking in the back off of the alley. Buildings were quality stick built and have been well-maintained. Manager's closet in the common area of each building. Professional pictures will be forthcoming.
Last Agent to Sell the Property
Coldwell Banker Real Estate Group License #475092481 Listed on: 03/17/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,273
Year Built
- Built in 1997
Lot Details
- 0.93 Acre Lot
- Lot Dimensions are 150x269
- Additional Parcels
Home Design
- Composition Roof
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 24 Bedrooms
- 12 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
Listing and Financial Details
- Tenant pays for air conditioning, electricity, heat
Community Details
Overview
- 12 Units
Building Details
- Insurance Expense $6,600
- Other Expense $3,000
- Trash Expense $125
- Operating Expense $11,400
- Gross Income $8,800
- Net Operating Income $72,381
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2022
Closed on
May 11, 2022
Sold by
Elleson Steven D and Elleson Jackie R
Bought by
Bnglw Group Llc
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
Shivam Patel
ARNI Realty Incorporated
List Price
$985,000
Sold Price
$935,500
Premium/Discount to List
-$49,500
-5.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$765,000
Outstanding Balance
$722,817
Interest Rate
4.67%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bnglw Group Llc | $935,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bnglw Group Llc | $765,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2022 05/11/22 | Sold | $935,500 | -5.0% | -- |
| 03/22/2022 03/22/22 | Pending | -- | -- | -- |
| 03/17/2022 03/17/22 | For Sale | $985,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,423 | $72,080 | $14,164 | $57,916 |
| 2023 | $7,592 | $72,080 | $14,164 | $57,916 |
| 2022 | $7,260 | $68,000 | $13,362 | $54,638 |
| 2021 | $7,311 | $68,000 | $13,362 | $54,638 |
| 2020 | $7,273 | $68,000 | $13,362 | $54,638 |
| 2019 | $7,523 | $68,000 | $13,362 | $54,638 |
| 2018 | $7,515 | $68,000 | $13,362 | $54,638 |
| 2017 | $7,487 | $68,000 | $13,362 | $54,638 |
| 2016 | $7,515 | $68,000 | $13,362 | $54,638 |
| 2015 | $7,489 | $68,000 | $13,362 | $54,638 |
| 2012 | -- | $87,006 | $13,362 | $73,644 |
Source: Public Records
Agents Affiliated with this Home
-
George Shanley
-
Shivam Patel
S
Buyer's Agent in 2022
Shivam Patel
ARNI Realty Incorporated
(773) 991-6765
4 in this area
21 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11350454
APN: 21-02-403016
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