501 1st Ave
Ottawa, IL 61350
4 bd 2 ba 1,841 sqft Built 1925 Lot 8,276 sqft single_family
Most recent sale
$235,600
Jul 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 15, 2022 | Sold | $235,600 | MLS #11423369 |
| Jun 3, 2022 | Listed | $225,000 | MLS #11423369 |
| Jun 20, 1988 | Sold | $147,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $69,405 | $8,281 | $77,686 | $6,264 |
| 2023 | $63,968 | $7,632 | $71,600 | $6,321 |
| 2022 | $51,871 | $8,246 | $60,117 | $5,787 |
| 2021 | $48,632 | $7,731 | $56,363 | $5,420 |
| 2020 | $46,369 | $7,371 | $53,740 | $5,111 |
| 2019 | $44,975 | $7,149 | $52,124 | $5,104 |
| 2018 | $43,827 | $6,966 | $50,793 | $4,953 |
| 2017 | $40,731 | $6,815 | $47,546 | $4,575 |
| 2016 | $41,345 | $6,572 | $47,917 | $4,633 |
| 2015 | $39,568 | $6,290 | $45,858 | $4,392 |
| 2014 | $38,219 | $6,076 | $44,295 | $3,980 |
| 2013 | $38,746 | $6,160 | $44,906 | $3,980 |
| 2012 | $40,339 | $6,413 | $46,752 | $4,129 |
| 2011 | $42,651 | $6,781 | $49,432 | $4,349 |
| 2010 | $45,024 | $7,158 | $52,182 | $4,510 |
| 2009 | $45,845 | $7,288 | $53,133 | $4,447 |
| 2008 | $45,414 | $7,219 | $52,633 | $4,429 |
| 2006 | $42,073 | $6,688 | $48,761 | $3,835 |
Property facts
Year built
1925
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,841 sqft
Lot size
8,276 sqft
ZIP code
61350
City
Ottawa
Street
1st Ave
Coordinates
41.33672, -88.83758
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,414
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 501 1st Ave last sell?
501 1st Ave most recently sold on Jul 15, 2022 for $235,600.
What is the current tax assessment for 501 1st Ave?
The most recent total assessment for 501 1st Ave (year 2024) is $77,686 with $6,264 in property tax.
How does 501 1st Ave's assessment compare to its last sale price?
The current assessment is 67.0% below the last sale price of $235,600.
When was 501 1st Ave built?
501 1st Ave was built in 1925.
How does 501 1st Ave compare to others on 1st Ave?
We track 8 other properties on 1st Ave. Browse the list under "Other properties on 1st Ave" to compare beds, baths, and sale history.
What are the property facts for 501 1st Ave?
501 1st Ave is a 4 bed, 2 bath, 1,841 sqft, 8,276 sqft lot single_family.
Is 501 1st Ave a flip candidate?
No — 501 1st Ave does not appear in our flips dataset.
Is 501 1st Ave a tax-appeal candidate?
No — 501 1st Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.5%
Implied 1-yr
+18.2%
2026 Q3
$286.3K
2026 Q4
$296.3K
ZIP 61350 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 1st Ave