NOT LISTED FOR SALE

522 Illinois Ave Ottawa, IL 61350

Estimated Value: $121,000 - $224,000

4 Beds
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $84,900

Est. 97% increase in value since last sale

Current estimated payment $1,114/month

2 Days on Market

Highlights

  • Corner Lot
  • 1 Car Attached Garage
  • Ceiling Fan
  • Porch
  • Shed
  • Heating System Uses Steam

About This Home

As of February 2022

Great investment opportunity in this two unit conveniently located on a corner lot with a river view near downtown Ottawa. Each unit offers 2 bedrooms, 1 full bathroom, stove, refrigerator, washer and dryer. Nice layout and very spacious rooms. Upstairs currently rented month to month. Tenant pays all utilities. Separate electric services and one meter for each gas and water. New boiler 2015. Lower unit has a large enclosed front porch with plenty of windows for natural light. Attached one car garage. Live in one unit of this 2 unit; rent out the other side to assist with your mortgage payments. Real estate tax assessment is currently based on fair market value of $141,795.

Last Agent to Sell the Property

Kimberly Eddy

Windsor Realty Listed on: 11/26/2021

Last Buyer's Agent

Celeste Nielsen

Coldwell Banker Real Estate Group License #475176588

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Shed
  • Porch

Schools

  • Ottawa Township High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1895
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer

Exterior Features

  • ExteriorFeatures: Porch
  • Lot Features: Corner Lot
  • OtherStructures: Shed(s)
  • Patio And Porch Features: Porch
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Brick

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Off Street
  • ParkingTotal: 4
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Paved

Schools

  • High School: Ottawa Township High School

Lot Info

  • Lot Size Acres: 0.2
  • Lot Dimensions: 66X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 18
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 5055.58
  • Tax Year: 2020
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2021
Closed on
Feb 7, 2022
Sold by
Begy John M and Begy Kathleen A
Bought by
Nielsen Celeste
Seller's Agent
Kimberly Eddy
Windsor Realty
Buyer's Agent
Celeste Nielsen
Coldwell Banker Real Estate Group
List Price
$84,900
Sold Price
$84,900
Current Estimated Value
$167,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,139
Avg. Annual Appreciation
18.79%
Original Mortgage
$59,430
Outstanding Balance
$55,192
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$111,847

Purchase Details

Closed on
Apr 1, 2006
Sold by
Begy John M and Begy Kathleen
Bought by
Begy John M and Begy Kathleen
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
Nielsen Celeste $85,000 None Available
Begy John M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielsen Celeste $59,430
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $84,900 0.0% --
11/30/2021 11/30/21 Pending -- -- --
11/27/2021 11/27/21 For Sale $84,900 -- --
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 $2,886 $34,021 $7,919 $26,102
2023 $2,575 $30,450 $7,088 $23,362
2022 $5,668 $53,085 $9,840 $43,245
2021 $5,350 $49,756 $9,223 $40,533
2020 $5,056 $47,265 $8,761 $38,504
2019 $5,176 $46,783 $8,672 $38,111
2018 $5,046 $45,660 $8,464 $37,196
2017 $4,874 $44,262 $8,205 $36,057
2016 $4,682 $42,364 $7,853 $34,511
2015 $4,450 $40,412 $7,491 $32,921
2012 -- $44,179 $8,189 $35,990
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11277078

Midwest Real Estate Data (MRED)

APN: 21-11-317009