NOT LISTED FOR SALE

2026 N 3372nd Rd Ottawa, IL 61350

54 Beds
38 Baths
45,000 Sq Ft
5.33 Acres

Last Sold March 31, 2023

Last sale price $1,275,000 $28 Per Sq Ft

4 Days on Market

Highlights

  • River Front
  • Corner Lot
  • Forced Air Heating and Cooling System
  • 5.33 Acre Lot
  • Accessible Entrance

About This Home

As of March 2023

Eighteen total residential units and one church in this updated historic structure. Units range from 1400 square feet to 2400 square feet. The building has extra wide hallways and stairways for the ease of tenant move-in/out. The 5 story structure is serviced by an elevator. Within this offering is a Catholic Church which occupies a portion of ground level. The building has been totally renovated top to bottom within the last 15 years. Great rent history, with many long term tenants including three units that are corporate leases year after year. Also included is an out building at 2900 square feet which could be easily built out to 2 or 3 additional units. Two parking lots give ample space for residential and church parking. There is individual gas forced air heat and central air conditioning per unit. Gas, electric, etc. are all separately metered. Come take a look at this well maintained historic building situated along the Fox River in Ottawa/LaSalle County Illinois.

Last Agent to Sell the Property

Steve Barr

Advantage Realty, Inc. License #475098445 Listed on: 01/11/2023

Last Buyer's Agent

Daniel Ferraro

Garry Real Estate License #475146239

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,290

Year Built

  • Built in 1920

Lot Details

  • 5.33 Acre Lot
  • River Front
  • Property fronts a county road
  • Corner Lot
  • Additional Parcels

Home Design

  • Gable Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 45,000 Sq Ft Home
  • Elevator

Bedrooms and Bathrooms

  • 54 Bedrooms
  • 38 Bathrooms

Accessible Home Design

  • Accessible Entrance

Utilities

  • Forced Air Heating and Cooling System
  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 19 Units
  • 5-Story Property

Building Details

  • Electric Expense $2,900
  • Fuel Expense $1,050
  • Insurance Expense $20,570
  • Maintenance Expense $5,000
  • Other Expense $24,878
  • Trash Expense $2,808
  • Operating Expense $83,876
  • Gross Income $228,420
  • Net Operating Income $144,544

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,290

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 5
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 38
  • Total Bedrooms: 54
  • Fire Protection: Fire Extinguisher/s,Hydrants On Site,Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Misc Inside: Elevator/s Passenger,Accessible Entrance
  • Fireplaces: 17
  • Dishwashers: 17
  • Refrigerators: 17
  • Ranges: 17
  • Number of Washers: 17
  • Room: 1
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: County Road
  • List Price: 1275000
  • Exterior Building Type: Brick
  • Roof Structure: Gable
  • Misc Outside: Courtyard,Security Lighting,Security System,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 51-100 Spaces

Utilities

  • Cooling: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air,Gas,Separate Per Unit,Individual Furnaces

Condo/Co-op/Association

  • Unincorporated (Y/N): Yes
  • Owners Association (Y/N): No

Fee Information

  • Association Fee Includes: None
  • Trash Expense: 2808
  • Janitor Expense: 4380
  • Operating Expense Includes: Equipment Rental,Gardener,Insurance,Licenses,Maintenance,Maintenance Grounds,Maintenance Structure,Manager,Snow Removal,Trash,Utilities,Electricity,Gas,Heat/Cooling,Real Estate Tax

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 5.33
  • Lot Dimensions: 5.33 ACRES

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 17
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 45000
  • Building Unit Info: Fire Alarm,Accessible,Smoke/Alarm Detector,Some Units Furnished,Wheelchair Oriented

Multi Family

  • Net Operating Income: 144544
  • Fuel Expense: 1050
  • Insurance Expense: 20570
  • ElectricExpense: 2900
  • GrossIncome: 228420
  • Maintenance Expense: 5000
  • NumberOfUnitsTotal: 19
  • OperatingExpense: 83876
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 22290
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Mar 28, 2023
Sold by
River Springs Resort Llc
Bought by
Inside Out Properties Llc
Seller's Agent
Steve Barr
Advantage Realty, Inc.
Buyer's Agent
Daniel Ferraro
Garry Real Estate
List Price
$1,275,000
Sold Price
$1,275,000
Views
39

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$995,385
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2004
Sold by
Professional Meters Inc
Bought by
River Springs Resort Llc
Source: Public Records

Range of Values:

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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
Inside Out Properties Llc $1,275,000 None Available
River Springs Resort Llc $66,132 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inside Out Properties Llc $1,020,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $1,275,000 0.0% $28 / Sq Ft
01/16/2023 01/16/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $1,275,000 -- $28 / Sq Ft
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 $19,381 $316,330 $18,654 $297,676
2023 $20,395 $316,330 $18,654 $297,676
2022 $21,403 $316,330 $18,654 $297,676
2021 $21,810 $316,330 $18,654 $297,676
2020 $21,670 $316,330 $18,654 $297,676
2019 $21,563 $316,330 $18,654 $297,676
2018 $21,863 $316,330 $18,654 $297,676
2017 $21,826 $316,330 $18,654 $297,676
2016 $21,202 $316,330 $18,654 $297,676
2015 $22,308 $316,330 $18,654 $297,676
2012 -- $316,330 $18,654 $297,676
Source: Public Records

Agents Affiliated with this Home

  • Steve Barr

    Seller's Agent in 2023

    Steve Barr

    Advantage Realty, Inc.

    (815) 671-6701

    143 Total Sales

    Steve Barr
    Section Image

  • D

    Buyer's Agent in 2023

    Daniel Ferraro

    Garry Real Estate

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11699335

Midwest Real Estate Data (MRED)

APN: 15-16-200005

Illinois La Salle County Ottawa 61350

2026 N 3372nd Rd, Ottawa, IL

This home is located at 2026 N 3372nd Rd, Ottawa, IL 61350 since 11 January 2023. This property was built in 1920. 2026 N 3372nd Rd is a home located in LaSalle County with nearby schools including Serena High School.

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