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Peru 61354
2016 9th Street
$210,000
● House - Off Market

2016 9th Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,427 Ft²
$1,382
Est. Monthly
11.14%
Cap Rate

About This Property

THIS ALL BRICK HOME CHECKS ALL THE BOXES! DON'T MISS THIS ONE...MANY UPDATES! STEP INSIDE THE LARGE FOYER LEADING INTO THE EXTRA LARGE LIVING ROOM~GET READY TO ENTERTAIN LOTS OF GUEST IN THIS HOME! ENJOY VIEWING THE BACKYARD THROUGH THE 2 SETS OF PATIO DOORS IN LIVING ROOM LEADING OUT TO A CEMENT PATIO. THE KITCHEN FEATURES EAT IN TABLE AREA, LOTS OF CABINETS, BLACK FARM SINK, QUARTZ COUNTERTOPS AND TOP OF THE LINE LG STAINLESS STEEL APPLIANCES. RECENTLY IN JULY 2023 MAIN BATHROOM WAS PROFESSIONALLY REHABBED, UPDATED TO CREATE A BEAUTIFUL AND FUNCTIONAL SPACE. NEW ELECTRIC SYSTEM (2023) A FINISHED BASEMENT~LARGE LAUNDRY AREA~ BASEMENT FULL BATHROOM~ STORAGE NEEDS ARE ACCOMMODATED BY THE LARGE STORAGE AREA IN BASEMENT. A MUST SEE!
Unit Size
1,427 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$147
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1965

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • 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: 1,427
  • Gross Building Area: 1,427
  • Building Area: 1,427
  • Building Area Measurement: T

    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: R
  • Subdivision: BREWSTERS ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: BREWSTERS ADD, LT 3 BLK 175 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-248-003
  • Block: 175
  • Lot: 3
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3319
  • Longitude: -89.1325

    Address

  • Full Address: 2016 9th St
  • Address - House Number: 2016
  • Address - Street Name: 9th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C006
  • 4-Digit Zip Code: 2123
  • Zip Code: 61354

Valuation

    Tax

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

    Appraisal Valuation

  • Standard Deviation: 0.1069
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 89
  • Final Value: 198,663
  • High Value: 219,884
  • Low Value: 177,441

    Market Valuation

  • Market Total Value: $176,295
  • Market Land Value: $19,149
  • Market Improvement Value: $157,146

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $58,765
  • Assessed Land Value: $6,383
  • Assessed Improvements Value: $52,382

    Sales

  • Current Sale Contract Date: Jan 29, 2024
  • Current Sale Recording Date: Feb 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2024-01631
  • Previous Sale Recording Date: May 12, 2014
  • Previous Sale Contract Date: May 01, 2014
  • Previous Sale Amount: $135,000
  • 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

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: Rebecca McPheeters, Town & Country Realty Sales
Data Source: MRED, MLS# MRD11896201
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 2016 9th Street built and last sold?
The property at 2016 9th Street was built in 1965 and last sold on Jan 29, 2024 for $210,000.
How much is this home worth?
The estimated value of the home located at 2016 9th Street is $0.
What are some comparable homes to 2016 9th Street?
There are currently no comparable homes to 2016 9th Street.
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