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Peru 61354
1721 Main Street
$178,000
● House - Off Market

1721 Main Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,110 Ft²
$1,040
Est. Monthly
14.80%
Cap Rate

About This Property

Charming and affordable! This 3 bedroom/1 bath home in Peru has lots to offer and is nestled on a quiet street. First thing you will notice is the 9'x26' front porch, newer vinyl siding and updated large windows. Open concept floorpan features a cozy living room and eat-in kitchen with island and sliding glass doors. All 3 bedrooms are nice size and lots of storage. Main level full bath and laundry. Attached two car garage connects to the oversized fenced in backyard. Other perks are a long driveway and unfinished attic space that could be used for storage or finished for bonus room makes this property one of a kind!
Unit Size
1,110 Ft²
Days on Market
-
Land Size
-
Price per sqft
$153
Property Type
House
Property Taxes
$205
HOA Dues
-
Year Built
1890

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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 #12170200)

Price History

Date / Event Date Event Price
Nov 1, 2024 Sold
Premium
Sold
Sep 26, 2024 In contract -
In contract
Sep 21, 2024 Listed by @properties Christie's International Real Estate $169,900
Listed by @properties Christie's International Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 1,110
  • Gross Building Area: 1,110
  • Building Area: 1,110
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,191
  • 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: NINEWAS ADD, LT 7 BLK 87 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-461-007
  • Block: 87
  • Lot: 7
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3242
  • Longitude: -89.1287

    Address

  • Full Address: 1721 Main St
  • Address - House Number: 1721
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3528
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $226,492
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 116,657
  • High Value: 132,539
  • Low Value: 100,774

    Market Valuation

  • Market Total Value: $103,338
  • Market Land Value: $15,987
  • Market Improvement Value: $87,351

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,446
  • Assessed Land Value: $5,329
  • Assessed Improvements Value: $29,117

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201905021
  • Previous Sale Recording Date: Feb 13, 2015
  • Previous Sale Contract Date: Feb 11, 2015
  • Previous Sale Amount: $85,000
  • 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

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

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MRED

Listed by: Kira Miskowiec, @properties Christie's International Real Estate
Last Updated: 2 years ago
Data Source: MRED, MLS# 12170200
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 1721 Main Street built and last sold?
The property at 1721 Main Street was built in 1890 and last sold on May 3, 2019 for $105,000.
How much is this home worth?
The estimated value of the home located at 1721 Main Street is $0.
What are some comparable homes to 1721 Main Street?
There are currently no comparable homes to 1721 Main Street.
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