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Peru 61354
1002 7th Street
$180,000
● House - Off Market

1002 7th Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,325 Ft²
$1,184
Est. Monthly
13.67%
Cap Rate

About This Property

Charming, very well-maintained 3-bedroom brick ranch home offers everything you need. Large eat-in kitchen is equipped with a stove, refrigerator, and microwave, plenty of wooden cabinets, a pantry closet, and dining area. Spacious light and airy living room. Each of the three good sized bedrooms features beautiful hardwood floors. The bathroom boasts a double sink vanity, the neat and clean basement includes an additional bathroom and a laundry area, complete with washer and dryer. Replacement windows throughout, furnace and air conditioning (2007) roof (2011) An attached 1-car garage provides convenient parking on a corner lot. This home represents a perfect blend of functionality and charm, Welcome to your new home!
Unit Size
1,325 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$136
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,299
  • Gross Building Area: 1,299
  • Building Area: 1,299
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAHILLS SUB
  • Land Acres: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: CAHILLS SUBD LOT 1 BLK 3

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963000

Geography

  • District: PE
  • Parcel: 17-16-310-008
  • Block: 3
  • Lot: 1
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3304
  • Longitude: -89.1188

    Address

  • Full Address: 1002 7th St
  • Address - House Number: 1002
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C007
  • 4-Digit Zip Code: 2722
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $331,090
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 170,819
  • High Value: 194,076
  • Low Value: 147,561

    Market Valuation

  • Market Total Value: $157,749
  • Market Land Value: $12,129
  • Market Improvement Value: $145,620

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $52,583
  • Assessed Land Value: $4,043
  • Assessed Improvements Value: $48,540
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Peru

Stats & Trends

Median Asking:

$179,900

Sale Price/ft²

$150

Below Asking

0.03%

Average Days on Market

53

Average Home Size

1584 ft²

Average Home Age

99.7 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MRED

Listed by: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12335798
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1002 7th Street built and last sold?
The property at 1002 7th Street was built in 1954 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1002 7th Street is $0.
What are some comparable homes to 1002 7th Street?
There are currently no comparable homes to 1002 7th Street.
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