NOT LISTED FOR SALE

403 E Washington St Ottawa, IL 61350

Estimated Value: $156,714

6 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold February 06, 2020

Last sale price $100,000

Est. 57% increase in value since last sale

Current estimated payment $1,143/month

297 Days on Market

Highlights

  • Corner Lot
  • Tennis Courts
  • 5-minute walk to Fox River State Park
  • Community Pool

About This Home

As of February 2020

INVESTORS WANTED for this 4-unit, 2-story building conveniently located a couple of blocks from Ottawa's downtown shopping and restaurant district. Family-owned property for decades and the owner is retiring from ownership. The property consists of one 3-bedroom unit and three 1-bedroom units. The property is currently fully rented, one property has recently been rehabbed and rented out, while the others have been rented for years. Separate electric for each unit. New furnace added Nov. 2018. Other units have separate heating units. A perfect property to rent out all 4-units or live in one and have 3 other rentals make payments.

Last Agent to Sell the Property

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 04/01/2019

Coldwell Banker Real Estate Group

Last Buyer's Agent

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 04/01/2019

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 72x60
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • Uncovered Parking
  • Parking Space is Owned

Schools

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

Additional Features

  • Partial Basement
  • Heating System Uses Natural Gas

Community Details

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • 4 Units
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: Driveway
  • ParkingTotal: 1
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool, Tennis Courts, Street Lights, Street Paved

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

  • Lot Dimensions: 72X60
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Other

Multi Family

  • GrossIncome: 22800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 1 Story Unit/s,2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5733
  • Tax Year: 2018

MLS Schools

  • Other Public Sch Dist: 513
  • Othr Public Sch: Ivcc

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2019
Closed on
Feb 3, 2020
Sold by
Repka Real Estate
Bought by
Russotti Joseph A
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
George Shanley
Coldwell Banker Real Estate Group
List Price
$190,000
Sold Price
$100,000
Premium/Discount to List
-$90,000
-47.37%
Current Estimated Value
$156,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,714
Avg. Annual Appreciation
7.46%
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
Russotti Joseph A $100,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2020 02/06/20 Sold $100,000 -32.9% --
01/23/2020 01/23/20 Pending -- -- --
09/20/2019 09/20/19 Price Changed $149,000 -9.7% --
07/12/2019 07/12/19 Price Changed $165,000 -13.2% --
04/01/2019 04/01/19 For Sale $190,000 -- --
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 $3,971 $38,556 $4,137 $34,419
2023 $4,061 $38,556 $4,137 $34,419
2022 $3,884 $36,374 $3,903 $32,471
2021 $3,911 $36,374 $3,903 $32,471
2020 $3,891 $36,374 $3,903 $32,471
2019 $5,880 $53,148 $3,903 $49,245
2018 $5,733 $51,872 $3,809 $48,063
2017 $5,536 $50,283 $3,692 $46,591
2016 $5,319 $48,127 $3,534 $44,593
2015 $5,056 $45,909 $3,371 $42,538
2012 -- $50,188 $3,685 $46,503
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10327207

Midwest Real Estate Data (MRED)

APN: 21-11-230001