NOT LISTED FOR SALE

125 E Lafayette St Ottawa, IL 61350

Estimated Value: $87,943

28 Beds
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold October 22, 2018

Last sale price $65,000

Est. 35% increase in value since last sale

Current estimated payment $660/month

1,021 Days on Market

About This Home

As of October 2018

7 unit rental located close to town. New boiler in 2007 - Roof in 2005. Bring all offers. Great potential. Sold 'as is". Owner wants an offer.

Last Agent to Sell the Property

Mary Wiesbrock

Windsor Realty License #475141837 Listed on: 11/02/2015

Last Buyer's Agent

Mary Wiesbrock

Windsor Realty License #475141837 Listed on: 11/02/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 85x77
  • Additional Parcels

Parking

  • Common or Shared Parking

Home Design

  • Wood Frame Construction
  • Pitched Roof
  • Composition Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 28 Bedrooms
  • 2-Story Property
  • Partially Finished Basement

Utilities

  • Window Unit Cooling System
  • Radiator
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $6,500
  • Trash Expense $1,400
  • Water Sewer Expense $1,560
  • Operating Expense $9,460
  • Gross Income $2,520
  • Net Operating Income $20,780

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 28
  • Basement Description: Partially Finished
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 1

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: Public Road
  • Roof: Composition
  • Exterior Building Type: Aluminum Siding
  • Roof Structure: Pitched
  • Misc Outside: Enclosed Porch

Garage/Parking

  • Outdoor Parking: Common Parking

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Hot Water,Radiators
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 1400
  • Water Sewer Expenses: 1560

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.14
  • Lot Dimensions: 85X77
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 18

Multi Family

  • Net Operating Income: 20780
  • Insurance Expense: 6500
  • GrossIncome: 2520
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 9460
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 5209.46
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2019
Sold by
Rick Jordan M
Bought by
Claesson Robert and Rowell Nancy
Current Estimated Value
$87,943

Purchase Details

Listed on
Nov 2, 2015
Closed on
Oct 22, 2018
Sold by
Sadkowski Porntip and Popaj Jason
Bought by
Rick Jordan M
Seller's Agent
Mary Wiesbrock
Windsor Realty
Buyer's Agent
Mary Wiesbrock
Windsor Realty
List Price
$162,000
Sold Price
$65,000
Premium/Discount to List
-$97,000
-59.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.03%
Original Mortgage
$45,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2014
Sold by
Popaj Nkreka
Bought by
Sadkowski Porntip

Purchase Details

Closed on
Feb 24, 2006
Sold by
Sadkowski S Porntip and Popaj Nreka
Bought by
Sadkowski Porntip and Popaj Jason
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

Date Buyer Sale Price Title Company
Claesson Robert $65,500 None Available
Rick Jordan M $65,000 None Available
Rick Jordan M $65,000 Wheatland Title
Sadkowski Porntip -- --
Sadkowski Porntip -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rick Jordan M $45,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2018 10/22/18 Sold $65,000 -27.0% --
08/19/2018 08/19/18 Pending -- -- --
01/08/2018 01/08/18 Price Changed $89,000 -10.9% --
05/23/2017 05/23/17 Price Changed $99,900 -38.3% --
11/02/2015 11/02/15 For Sale $162,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $2,405 $23,352 $6,946 $16,406
2023 $2,460 $23,352 $6,946 $16,406
2022 $2,352 $22,030 $6,553 $15,477
2021 $2,369 $22,030 $6,553 $15,477
2020 $2,356 $22,030 $6,553 $15,477
2019 $2,437 $22,030 $6,553 $15,477
2018 $5,229 $53,313 $6,553 $46,760
2017 $5,209 $53,313 $6,553 $46,760
2016 $4,976 $51,027 $6,272 $44,755
2015 $4,700 $48,676 $5,983 $42,693
2012 -- $53,213 $6,541 $46,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09077242

Midwest Real Estate Data (MRED)

APN: 21-11-234005