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Peru 61354
1521 2nd Street
$75,000
● House - Off Market

1521 2nd Street

Peru, IL 61354
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,857 Ft²
$137,129
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Large 4-5 bedroom, 2 bath home with 1 car detached garage. Updated kitchen and bathrooms. Hardwood floors, built in, and character throughout.  Main level office could be 1st floor bedroom and main level laundry.  Above ground pool with deck.
Unit Size
2,857 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$37
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1904

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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 #10808605)

Price History

Date / Event Date Event Price
Jan 12, 2021 Sold
Premium
Sold
Aug 5, 2020 Listed by Janko Realty & Development $105,600
Listed by Janko Realty & Development

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1904
  • Effective Year Built: 1904
  • 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: 7,405
  • Total Building Area: 2,202
  • Gross Building Area: 2,202
  • Building Area: 2,202
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,202
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NINEWA (ORIGINAL TOWN) RESURVEY
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: NINEWA ADD, LT 7 BLK 59 SEC 17-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963200

Geography

  • District: PE
  • Parcel: 17-17-447-007
  • Block: 59
  • Lot: 7
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3261
  • Longitude: -89.1261

    Address

  • Full Address: 1521 2nd St
  • Address - House Number: 1521
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C009
  • 4-Digit Zip Code: 3501
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $160,916
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2707
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 61
  • Final Value: 101,448
  • High Value: 128,917
  • Low Value: 73,979

    Market Valuation

  • Market Total Value: $78,630
  • Market Land Value: $13,131
  • Market Improvement Value: $65,499

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,210
  • Assessed Land Value: $4,377
  • Assessed Improvements Value: $21,833

    Sales

  • Current Sale Contract Date: Jan 12, 2021
  • Current Sale Recording Date: Feb 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2021-01887
  • Previous Sale Recording Date: Apr 02, 2020
  • Previous Sale Contract Date: Mar 12, 2020
  • Previous Sale Document Type: 64
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

1568 ft²

Average Home Age

97.4 years

Currently For Sale

13 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

Unit for rent at 2415 Main Street, Peru, IL, 61354

$1,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,068 ft²
2415 Main Street, Peru, IL, 61354 Listing by Robert Perez
Unit for rent at 2007 Schuyler Drive, Peru, IL, 61354

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
2007 Schuyler Drive, Peru, IL, 61354 Listing by Wendy Fulmer

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Andrea Greenwalt, Janko Realty & Development
Last Updated: 2 years ago
Data Source: MRED, MLS# 10808605
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 1521 2nd Street built and last sold?
The property at 1521 2nd Street was built in 1904 and last sold on Jan 12, 2021 for $75,000.
How much is this home worth?
The estimated value of the home located at 1521 2nd Street is $0.
What are some comparable homes to 1521 2nd Street?
There are currently no comparable homes to 1521 2nd Street.
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