$130,000
SOLD NOV 12, 2024

425 Marcy St Ottawa, IL 61350

3 Beds
3 Baths
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

14% Below List Price

424 Days on Market

Highlights

  • Corner Lot
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of November 2024

Investor's opportunity in this two story corner lot home, with one of the units currently occupied, and a large heated garage on the property, with a second floor. The main floor apartment unit is approximately 1429 square feet and features 9 foot ceilings with 2 bedrooms, hardwood flooring, and access to the basement laundry. Other features include a large living room area, separate dining and two porch accesses to this apartment. Flooring has been refinished, new paint, and kitchen floor redone. The second unit, located on the upper level, is approximately 840 square feet with one bedroom, and is vacant. This apartment features 9 foot ceilings, a mix of hardwood, wood laminate and original wood flooring throughout. This apartment has easy stair access off of the front porch area, and is getting some updates this year. The third unit is accessed by the back staircase and is a studio apartment, at approximately 400 square feet. The upstairs units have access to the basement for laundry, by exterior doors. All units had been occupied for years. The two upstairs units could be combined to have one larger apartment, as a previous door access was covered up. This home is in a great location, with easy and quick access to downtown or head out to Starved Rock as you're less than 10 miles away. Selling as-is. Come check out the potential in this property, and schedule a showing today!

Last Agent to Sell the Property

Brittany Ross

RE/MAX 1st Choice Listed on: 08/07/2023

Last Buyer's Agent

Non Member

NON MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,940

Year Built

  • Built in 1925 | Remodeled in 2024

Lot Details

  • Lot Dimensions are 53x120
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Schools

  • Ottawa Township High School

Additional Features

  • 2-Story Property
  • Baseboard Heating

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,940

Year Built

Built in 1925 | Remodeled in 2024

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2024
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2024

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Basement Description: Unfinished,Stone/Rock
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Stone
  • List Price: 152000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • High School: Ottawa Township High School
  • Middle/Junior School District: 141

Lot Info

  • Lot Dimensions: 53X120
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 18

Tax Info

  • Tax Annual Amount: 2940.18
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2025
Sold by
Ashley Mary V
Bought by
Ashley Mary V and Alban Ximena R
Current Estimated Value
$131,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Outstanding Balance
$115,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$20,866

Purchase Details

Listed on
Aug 7, 2023
Closed on
Nov 12, 2024
Sold by
Duggan Kraig S and Duggan Cathleen G
Bought by
Ashley Mary V
Seller's Agent
Brittany Ross
RE/MAX 1st Choice
Buyer's Agent
Non Member
NON MEMBER
List Price
$152,000
Sold Price
$130,000
Premium/Discount to List
-$22,000
-14.47%
Views
756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$104,000
Interest Rate
6.12%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $130,000 Wheatland Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $115,000 New Conventional
Previous Owner $104,000 New Conventional
Previous Owner $55,000 New Conventional
Previous Owner $81,200 New Conventional
Previous Owner $92,000 Unknown
Previous Owner $20,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $130,000 -14.5% --
10/05/2024 10/05/24 Pending -- -- --
08/30/2024 08/30/24 For Sale $152,000 0.0% --
08/05/2024 08/05/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $152,000 0.0% --
07/19/2024 07/19/24 Pending -- -- --
07/09/2024 07/09/24 Price Changed $152,000 -6.2% --
11/13/2023 11/13/23 Price Changed $162,000 -3.0% --
10/03/2023 10/03/23 Price Changed $167,000 -3.5% --
08/30/2023 08/30/23 Price Changed $173,000 -3.9% --
08/07/2023 08/07/23 For Sale $180,000 -- --
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 $2,877 $27,836 $6,790 $21,046
2023 $2,940 $27,836 $6,790 $21,046
2022 $2,808 $26,261 $6,406 $19,855
2021 $2,826 $26,261 $6,406 $19,855
2020 $2,811 $26,261 $6,406 $19,855
2019 $2,906 $26,261 $6,406 $19,855
2018 $2,904 $26,261 $6,406 $19,855
2017 $2,892 $26,261 $6,406 $19,855
2016 $3,034 $27,451 $6,177 $21,274
2015 $2,895 $26,272 $5,912 $20,360
2012 -- $26,784 $6,027 $20,757
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11851683

Midwest Real Estate Data (MRED)

APN: 22-14-204010