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Peru 61354
1627 First Street
$145,700
● House - Off Market

1627 First Street

PERU, IL 61354
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,996 Ft²
$317,308
RealtyHop Estimate
114.83%
Since Sep 1, 2010
National-US
Primary Model

About This Property

Immaculate, nothing left to do except maybe the walk-up attic!  Has all the modern conveniences, custom kitchen, main level laundry, master bath, electrical, newer water heater, furnace 1 yr. old, windows updated too.  Tastefully remodeled without taking away historic charm, original inlay hardwood floors, mouldings & staircase.
Unit Size
1,996 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$74
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1879

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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
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1879
  • Effective Year Built: 1879
  • 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: 1,820
  • Gross Building Area: 1,820
  • Building Area: 1,820
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,820
  • 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 6 BLK 61 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-454-006
  • Block: 61
  • Lot: 6
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3251
  • Longitude: -89.1276

    Address

  • Full Address: 1627 1st St
  • Address - House Number: 1627
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3511
  • Zip Code: 61354

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.1075
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 89
  • Final Value: 186,840
  • High Value: 206,935
  • Low Value: 166,745

    Market Valuation

  • Market Total Value: $145,101
  • Market Land Value: $15,399
  • Market Improvement Value: $129,702

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $48,367
  • Assessed Land Value: $5,133
  • Assessed Improvements Value: $43,234

    Sales

  • Current Sale Contract Date: Aug 10, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-08315
  • Previous Sale Recording Date: Jul 27, 2020
  • Previous Sale Contract Date: Jul 15, 2020
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX

    Previous Mortgages

  • Previous Mortgage Transaction Date:
    Premium
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: Ellen Credi, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD07580695
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 1627 1st Street built and last sold?
The property at 1627 1st Street was built in 1879 and last sold on Aug 10, 2023 for $200,000.
How much is this home worth?
The estimated value of the home located at 1627 1st Street is $0.
What are some comparable homes to 1627 1st Street?
There are currently no comparable homes to 1627 1st Street.
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