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Peru 61354
1611 2nd Street
$100,000
● House - Off Market

1611 2nd Street

Peru, IL 61354
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,144 Ft²
$109,313
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

If you are looking for a spacious home here it is!  Lovely 4 bed, 1.5 bath, over 2000Sq.Ft. home located in Peru.  This home has an abundance of the original woodwork and charm, starting with the large living room, dining room combination with hardwood floors, family room, updated kitchen and back staircase.  Upper level has 4 beds and a full bath.  Kitchen appliances and washer/dryer are included.  Feel free to schedule a showing today!
Unit Size
2,144 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$51
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1899

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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

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1899
  • 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: 2,144
  • Gross Building Area: 2,144
  • Building Area: 2,144
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,058
  • 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: 0000000140
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: NINEWA ADD, E20' LT 8 & LT 9 (EX E30') BLK 58 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-446-008
  • Block: 58
  • Lot: 8-9
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.326
  • Longitude: -89.127

    Address

  • Full Address: 1611 2nd St
  • Address - House Number: 1611
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3503
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 89
  • Final Value: 101,925
  • High Value: 113,027
  • Low Value: 90,824

    Market Valuation

  • Market Total Value: $112,539
  • Market Land Value: $8,721
  • Market Improvement Value: $103,818

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $37,513
  • Assessed Land Value: $2,907
  • Assessed Improvements Value: $34,606

    Sales

  • Current Sale Contract Date: Sep 19, 2023
  • Current Sale Recording Date: Sep 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-10109
  • Previous Sale Recording Date: Jul 23, 2021
  • Previous Sale Contract Date: Jul 21, 2021
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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# MRD11679341
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 1611 2nd Street built and last sold?
The property at 1611 2nd Street was built in 1899 and last sold on Sep 19, 2023 for $100,000.
How much is this home worth?
The estimated value of the home located at 1611 2nd Street is $119,099.
What are some comparable homes to 1611 2nd Street?
There are currently no comparable homes to 1611 2nd Street.
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