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Peru 61354
1415 Plain Street
$178,000
● House - Off Market

1415 Plain Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,025 Ft²
$1,198
Est. Monthly
12.83%
Cap Rate

About This Property

Great Peru location near Washington Park and Peru library! This 3 bedroom brick ranch home has no wasted space! From the attached over-sized 1 car garage offering over-head doors on both ends, to the bright and inviting living space the walk-out basement provides, check out the potential! The kitchen offers table space and a spacious breakfast bar. Stainless steel appliances! 3 main level bedrooms and ample closet space. The basement brings a second kitchen with appliances, a large finished family room, a half bath with sink and stool! The spacious utility room is complete with washer/dryer plus a double work sink! Fully fenced backyard! Water heater(2025)
Unit Size
1,025 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$185
Property Type
House
Property Taxes
$265
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: 13,504
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • 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: PARK ADD
  • Land Acres: 0000000310
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: PARK ADD LOT 4 & 5 BLK 4

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-16-112-017
  • Block: 4
  • Lot: 4-5
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3339
  • Longitude: -89.1206

    Address

  • Full Address: 1415 Plain St
  • Address - House Number: 1415
  • Address - Street Name: Plain
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C009
  • 4-Digit Zip Code: 2377
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $133,088
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 69,511
  • High Value: 78,974
  • Low Value: 60,047

    Market Valuation

  • Market Total Value: $68,145
  • Market Land Value: $18,381
  • Market Improvement Value: $49,764

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,715
  • Assessed Land Value: $6,127
  • Assessed Improvements Value: $16,588

    Sales

  • Current Sale Contract Date: Jun 22, 2016
  • Current Sale Recording Date: Jul 05, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201609448
  • Previous Sale Recording Date: Mar 09, 2015
  • Previous Sale Contract Date: Mar 06, 2015
  • Previous Sale Amount: $91,000
  • Previous Sale Document Type: 71
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
Data Source: MRED, MLS# MRD12453406
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 1415 Plain Street built and last sold?
The property at 1415 Plain Street was built in 1954 and last sold on Jun 22, 2016 for $60,000.
How much is this home worth?
The estimated value of the home located at 1415 Plain Street is $189,562.
What are some comparable homes to 1415 Plain Street?
There are currently no comparable homes to 1415 Plain Street.
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