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Peru 61354
1022 Monks Avenue
$30,000
● House - Off Market

1022 Monks Avenue

PERU, IL 61354
bedrooms
2 Beds
bathrooms
1 Bath
square feet
766 Ft²
$60,358
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Prime investment home in quiet Peru location! Loads of potential in this 2 bed, 1 bath home on an oversized lot! Home includes an ea-t in kitchen and heated porch.
Unit Size
766 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$52
Property Type
House
Property Taxes
$114
HOA Dues
-
Year Built
1915

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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.

Last updated: 2 years ago (MRED MLS #10052629)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Aug 14, 2018 Listed by Starved Rock Realty $39,900
Listed by Starved Rock Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 6,534
  • Total Building Area: 982
  • Gross Building Area: 982
  • Building Area: 982
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 766
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAHILLS SUB
  • Land Acres: 0000000150
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: CAHILLS SUB, LT 2 BLK 3 SEC 16-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-16-310-009
  • Block: 3
  • Lot: 2
  • Meridian: SEC 16 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3302
  • Longitude: -89.1187

    Address

  • Full Address: 1022 Monks Ave
  • Address - House Number: 1022
  • Address - Street Name: Monks
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Peru
  • Carrier Code: C007
  • 4-Digit Zip Code: 2733
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,214
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1335
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 73
  • Final Value: 41,806
  • High Value: 47,390
  • Low Value: 36,221

    Market Valuation

  • Market Total Value: $60,366
  • Market Land Value: $12,129
  • Market Improvement Value: $48,237

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $20,122
  • Assessed Land Value: $4,043
  • Assessed Improvements Value: $16,079

    Sales

  • Current Sale Contract Date: Sep 28, 2018
  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201813192
  • Previous Sale Recording Date: Jan 17, 2005
  • Previous Sale Contract Date: Jan 12, 2005
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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

Rentals Near You

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MRED

Listed by: Johanna Arkels, Starved Rock Realty
Last Updated: 2 years ago
Data Source: MRED, MLS# 10052629
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 1022 Monks Avenue built and last sold?
The property at 1022 Monks Avenue was built in 1915 and last sold on Sep 28, 2018 for $30,000.
How much is this home worth?
The estimated value of the home located at 1022 Monks Avenue is $0.
What are some comparable homes to 1022 Monks Avenue?
There are currently no comparable homes to 1022 Monks Avenue.
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