NOT LISTED FOR SALE

1112 W Madison St Ottawa, IL 61350

Ottawa Area

Estimated Value: $114,427

10 Beds
5 Baths
4,157 Sq Ft
$28/Sq Ft Est. Value

Sale Details

Date Sold: March 12, 2024

Last sale price $100,000 $24 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $902 / mo

1 Day on Market

About This Home

As of March 2024

Verbally accepted offer. Attention investors! Incredible opportunity awaits with this 5-unit building nestled on a spacious 0.6-acre property. Garage/shed, carport and 4+ parking spots on the property. Unit 1 features 3-4 bedrooms, 1 bathroom, a generous kitchen, dining room, and living room with a decorative fireplace. Unit 1 has access to the basement where washer and dryer hook-ups are available. Units 2 & 4 are 2-bedrooms/1-bathroom. Units 1 & 5 are one-bedroom/one-bathroom. Don't miss out on this promising investment opportunity!

Last Agent to Sell the Property

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 03/01/2024

Coldwell Banker Real Estate Group

Last Buyer's Agent

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 03/01/2024

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • 26,136 Sq Ft Lot
  • Lot Dimensions are 123x217.2x103.1x28.4x207.9

Parking

  • 6 to 12 Parking Spaces

Interior Spaces

  • 4,157 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiator

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Lot Details

0.6 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Built Before 1978 (Y/N): No
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 10
  • Basement Description: Unfinished
  • Room: 0

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Radiators

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.6
  • Lot Dimensions: 123X217.2X103.1X28.4X207.9
  • Lot Size Sq Ft: 26136
  • Zoning: COMMR

Rental Info

  • Tenant Pays: None
  • Board Number: 10

Building Info

  • BuildingAreaTotal: 4157

Multi Family

  • NumberOfUnitsTotal: 5
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 7208.32
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Mar 5, 2024
Sold by
Bought by
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
George Shanley
Coldwell Banker Real Estate Group
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%
Views
19
Current Estimated Value
$114,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,427
Avg. Annual Appreciation
5.83%

Purchase Details

Closed on
Sep 15, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
0.0658%
Mortgage Type
Credit Line Revolving
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$100,000 None Available
$220,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $59,000
Previous Owner $176,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/12/2024 03/12/24 Sold $100,000 -20.0% $24 / Sq Ft
03/03/2024 03/03/24 Pending -- -- --
03/01/2024 03/01/24 For Sale $125,000 -- $30 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,344 $33,333 $17,021 $16,312
2024 $3,433 $33,333 $17,021 $16,312
2023 $7,538 $71,565 $17,021 $54,544
2022 $7,208 $67,515 $16,058 $51,457
2021 $7,259 $67,515 $16,058 $51,457
2020 $7,222 $67,515 $16,058 $51,457
2019 $7,470 $67,515 $16,058 $51,457
2018 $7,462 $67,515 $16,058 $51,457
2017 $7,206 $65,447 $15,566 $49,881
2016 $6,922 $62,641 $14,899 $47,742
2015 $6,581 $59,755 $14,213 $45,542
2012 -- $65,325 $15,538 $49,787
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11992691

Midwest Real Estate Data (MRED)

APN: 21-10-230011

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