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Peru 61354
1880 Cedar Lane
Photo of 1880 Cedar Lane

1

Map

$80,000
● Land - For Sale

1880 Cedar Lane

Peru, IL 61354
bedrooms
Studio
bathrooms
0 Bath
$397
Est. Monthly
31.35%
Cap Rate

About This Property

This duplex lot is located in a charming, elegant development in one of Peru's most desirable areas. The neighborhood is protected by restrictive covenants, ensuring lasting property values and a well-kept community appearance. Homeowners will enjoy the convenience of a professionally managed HOA, with annual dues of $1,200 covering both yard mowing and snow removal. This makes for a truly low-maintenance lifestyle.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

Listed By

Wendy Fulmer
[email protected]
Coldwell Banker Today's, Realtors
Christine Hopps
[email protected]
Coldwell Banker Today's, Realtors

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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

Exterior Details
Lot Size Area: 17424
Lot Size Units: Square Feet
Lot Size Acres: 0.4
Lot Size Square Feet: 17424
Lot Size Dimensions: 125x140
Financial Details
Tax Annual Amount: $48

Building Info

Overview

    General

  • 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: 17,437
  • Total Building Area: 0
  • Building Area: 0

    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: V
  • Subdivision: DAHL ESTATES LLC SUB
  • Land Acres: 0000000400
  • Standard Land Use Code: 8001
  • County Land Use Code: 0032
  • Legal Description 1: DAHL ESTATES LLC SUB, LT 1 SEC 18-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963100

Geography

  • District: PE
  • Parcel: 17-18-209-002
  • Lot: 1
  • Meridian: SEC 18 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3376
  • Longitude: -89.1454

    Address

  • Full Address: 1880 Cedar Ln
  • Address - House Number: 1880
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: IL
  • City Name: Peru
  • Carrier Code: R003
  • 4-Digit Zip Code: 0008
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,140
  • Tax Rate Code Area: PE002

    Market Valuation

  • Market Total Value: $1,560
  • Market Land Value: $1,560

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $520
  • Assessed Land Value: $520
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: Wendy Fulmer, Coldwell Banker Today's
Data Source: MRED, MLS# MRD12458004
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 1880 Cedar Lane built and last sold?
The property at 1880 Cedar Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1880 Cedar Lane is $80,800.
What are some comparable homes to 1880 Cedar Lane?
There are currently no comparable homes to 1880 Cedar Lane.
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