NOT LISTED FOR SALE

801 Chestnut St Ottawa, IL 61350

Estimated Value: $138,000 - $178,000

4 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold May 13, 2022

Last sale price $110,000

Est. 43% increase in value since last sale

Current estimated payment $973/month

2 Days on Market

Highlights

  • Corner Lot
  • 1.5 Car Attached Garage
  • 3-minute walk to Rigden Park
  • Porch
  • Forced Air Heating System

About This Home

As of May 2022

Two-story, 2-flat home with great income potential or possibilities to be converted back to a single family, 2-story home. This property has been very well maintained by its owners. The first floor unit is a 2-bedroom, 1 bathroom apartment, which features a semi-open concept living room and dining room along with an eat-in kitchen. This property currently rents for $650 a month. The upper level is a 2-bedroom, 1 bathroom unit with vaulted ceilings in the living room and access to the attached 1+ car garage with new garage door. The upper level is currently vacant but easily rented. Previously rented for $625 per month. Appliances included in both units and a shared laundry room with washer dryer. Separate utilities with 2 HVAC units. Owner pays for water and garbage. Updated and separate electric services and 2 water heaters. Wrap-around front porch. Most of the property is freshly painted, roof replaced 2005. Convenient location just a few blocks from downtown shopping and restaurants and food stores. Investors do not pass this one up! Agent related.

Last Agent to Sell the Property

George Shanley

Coldwell Banker Real Estate Group License #475092481 Listed on: 04/12/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

Gina Stoudt

Fathom Realty License #471017746

Fathom Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,673

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x63
  • Corner Lot

Parking

  • 1.5 Car Attached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Schools

  • Ottawa Township High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Partial Basement
  • Porch

Community Details

  • 2 Units
  • Gross Income $7,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,673

Year Built

Built in 1900

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: 1900
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • 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
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Vinyl Siding

Garage/Parking

  • Garage Spaces: 1.5
  • Number of Cars: 1.5
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Conversion YN: Y

Schools

  • High School: Ottawa Township High School

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 50X63
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Multi Family

  • GrossIncome: 7800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat,Converted Residence

Tax Info

  • Tax Annual Amount: 3672.66
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
May 4, 2022
Sold by
Shanley Steven F and Shanley Pamela J
Bought by
Bell Tara
Seller's Agent
George Shanley
Coldwell Banker Real Estate Group
Buyer's Agent
Gina Stoudt
Fathom Realty
List Price
$112,000
Sold Price
$110,000
Premium/Discount to List
-$2,000
-1.79%
Current Estimated Value
$157,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,109
Avg. Annual Appreciation
10.11%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Bell Tara $110,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2022 05/13/22 Sold $110,000 -1.8% --
04/15/2022 04/15/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $112,000 -- --
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 $4,889 $47,473 $2,927 $44,546
2023 $4,475 $42,489 $2,620 $39,869
2022 $4,117 $38,563 $4,454 $34,109
2021 $3,886 $36,145 $4,175 $31,970
2020 $3,673 $34,336 $3,966 $30,370
2019 $3,760 $33,986 $3,926 $30,060
2018 $3,666 $33,170 $3,832 $29,338
2017 $3,540 $32,154 $3,715 $28,439
2016 $3,401 $30,776 $3,556 $27,220
2015 $1,617 $29,358 $3,392 $25,966
2012 -- $32,094 $3,708 $28,386
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11373390

Midwest Real Estate Data (MRED)

APN: 21-11-137025