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Peru 61354
224 7th Street
$10,500
● House - Off Market

224 7th Street

Peru, IL 61354
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,116 Ft²
$35,713
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Accepted offer. Just waiting on paperwork. Muliti PIN 17-16-413-011 This two bedroom one bath is located near the historic Westclox building in Peru. IL.
Unit Size
1,116 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$21
Property Type
House
Property Taxes
$117
HOA Dues
-
Year Built
1903

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #10140015)

Price History

Date / Event Date Event Price
Jan 17, 2019 Sold
Premium
Sold
Nov 15, 2018 Listed by RE/MAX 1st Choice $23,500
Listed by RE/MAX 1st Choice

Property Highlights

Building Info

Overview

    General

  • Year Built: 1903
  • Effective Year Built: 1903
  • 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: 5,227
  • Total Building Area: 1,116
  • Gross Building Area: 1,116
  • Building Area: 1,116
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,116
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LASALLE CENTER ADD
  • Land Acres: 0000000120
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: LASALLE CENTER ADD, LT 4 BLK 6 SEC 16-33-1

Neighborhood

  • School District Name: LaSalle-Peru Township High School District 120
  • Census Tract: 963000

Geography

  • District: PE
  • Parcel: 17-16-413-002
  • Block: 6
  • Lot: 4
  • Meridian: SEC 16 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3305
  • Longitude: -89.1091

    Address

  • Full Address: 224 7th St
  • Address - House Number: 224
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C007
  • 4-Digit Zip Code: 2011
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $201,597
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.133
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 73
  • Final Value: 24,622
  • High Value: 27,896
  • Low Value: 21,347

    Market Valuation

  • Market Total Value: $75,393
  • Market Land Value: $10,926
  • Market Improvement Value: $64,467

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $25,131
  • Assessed Land Value: $3,642
  • Assessed Improvements Value: $21,489

    Sales

  • Current Sale Contract Date: Dec 13, 2018
  • Current Sale Recording Date: Mar 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 201902161
  • Previous Sale Recording Date: Sep 17, 2018
  • Previous Sale Contract Date: Aug 22, 2018
  • Previous Sale Amount: $166,000
  • Previous Sale Document Type: 64
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: Shawn Sell, RE/MAX 1st Choice
Last Updated: 2 years ago
Data Source: MRED, MLS# 10140015
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 224 7th Street built and last sold?
The property at 224 7th Street was built in 1903 and last sold on Dec 13, 2018 for $10,500.
How much is this home worth?
The estimated value of the home located at 224 7th Street is $0.
What are some comparable homes to 224 7th Street?
There are currently no comparable homes to 224 7th Street.
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