NOT LISTED FOR SALE

1918 Ottawa Ave Unit 1920 Ottawa, IL 61350

Ottawa Area

Estimated Value: $344,244

8 Beds
4 Baths
-- Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: July 12, 2021

Last sale price $255,000

Est. 35% increase in value since last sale

Current estimated payment $2,444 / mo

5 Days on Market

Highlights

  • Patio
  • 1-Story Property
  • Baseboard Heating

About This Home

As of July 2021

** MULTIPLE OFFERS RECEIVED, HIGHEST AND BEST DUE BY TUESDAY 6/1 BY 5PM ** INVESTORS WANTED! Two, 2-unit ranch-style duplexes for a total of 4 units situated on a 124 x 130 lot. The property is fully rented and each unit includes 2 bedrooms, a living room, eat-in kitchen, and shared laundry room between the units in each building. The site has off street parking and a large amount of space in the back or north end of the property for future opportunities. Each unit has good storage and the buildings are on crawl spaces. Courtyard style green space between the buildings with sidewalks etc. Convenient location on the west side of Ottawa near Naplate. Easy access to Starved Rock state park as well as Buffalo Rock and the Illinois River.

Last Agent to Sell the Property

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 05/28/2021

Coldwell Banker Real Estate Group

Last Buyer's Agent

Kristy Allred

Coldwell Banker Real Estate Group License #475160384

Coldwell Banker Real Estate Group
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,938

Year Built

  • Built in 1983

Lot Details

  • 16,117 Sq Ft Lot
  • Lot Dimensions are 124x130

Home Design

  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Included in Price
  • Unassigned Parking

Schools

  • Lincoln Elementary: K-4Th Grade
  • Shepherd Middle School
  • Ottawa Township High School

Additional Features

  • Patio
  • Baseboard Heating

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $720
  • Insurance Expense $1,556
  • Maintenance Expense $1,877
  • Trash Expense $840
  • Gross Income $40,750
  • Net Operating Income $15,710

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,938

Year Built

Built in 1983

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1983
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Crawl
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Unassigned, Off Street
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Baseboard
  • Water Source: Public

Fee Information

  • Trash Expense: 840
  • Other Expenses $: 1020

Schools

  • Elementary School: Lincoln Elementary: K-4th Grade
  • High School: Ottawa Township High School
  • Middle/Junior School: Shepherd Middle School
  • Elementary School #2: CENTRAL ELEMENTARY: 5TH AND 6TH GRADE

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.37
  • Lot Dimensions: 124X130
  • Zoning: COMMR
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 15710
  • Insurance Expense: 1556
  • ElectricExpense: 720
  • GrossIncome: 40750
  • Maintenance Expense: 1877
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 6937.64
  • Tax Year: 2020
  • Tax Exemptions: None

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

Closed on
Aug 1, 2022
Bought by
Current Estimated Value
$344,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,443
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 7, 2021
Sold by
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
Kristy Allred
Coldwell Banker Real Estate Group
List Price
$230,000
Sold Price
$255,000
Premium/Discount to List
$25,000
10.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$204,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2012
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
$188,500
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 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
$200,000
Interest Rate
6.77%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ottawa, IL

See All Agents

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
-- None Available
$255,000 None Available
$200,000 --
-- None Available
$250,000 None Available
$250,000 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
Closed $198,443
Previous Owner $204,000
Previous Owner $188,500
Previous Owner $200,000
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
07/12/2021 07/12/21 Sold $255,000 +10.9% --
06/02/2021 06/02/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $230,000 -- --
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 $6,668 $66,468 $4,617 $61,851
2024 $6,845 $66,468 $4,617 $61,851
2023 $7,001 $66,468 $4,617 $61,851
2022 $6,695 $62,706 $4,356 $58,350
2021 $6,742 $62,706 $4,356 $58,350
2020 $6,707 $62,706 $4,356 $58,350
2019 $6,938 $62,706 $4,356 $58,350
2018 $6,930 $62,706 $4,356 $58,350
2017 $6,904 $62,706 $4,356 $58,350
2016 $6,930 $62,706 $4,356 $58,350
2015 $6,906 $62,706 $4,356 $58,350
2012 -- $62,706 $4,356 $58,350
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11103675

Midwest Real Estate Data (MRED)

APN: 21-15-105010

Your Personal Tour Guide

Ask me questions while you tour the home.