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Peru 61354
2302 1st Street
$80,500
● House - Off Market

2302 1st Street

Peru, IL 61354
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,236 Ft²
$541
Est. Monthly
31.13%
Cap Rate

About This Property

Charming 1.5 story home featuring 3 bedrooms and 1 bathroom. The main level offers a spacious living room, dining room, cozy family room, a cute kitchen, and convenient main floor laundry. One bedroom is located on the main level, with two additional bedrooms upstairs. The home also includes a basement for extra storage and a new roof on the one-story portion. Situated on a corner lot, this property boasts a large backyard and a concrete driveway for off-street parking.
Unit Size
1,236 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$65
Property Type
House
Property Taxes
$148
HOA Dues
-
Year Built
1839

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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.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1839
  • Effective Year Built: 1839
  • 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: 1,417
  • Gross Building Area: 1,417
  • Building Area: 1,417
  • 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: SMITH & SKINKLES ADD
  • Land Acres: 0000000170
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: SMITH-SKINKLES ADD LOT 1 BLK 81

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-348-005
  • Block: 81
  • Lot: 1
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3246
  • Longitude: -89.1359

    Address

  • Full Address: 2302 1st St
  • Address - House Number: 2302
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3241
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $59,120
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 51,197
  • High Value: 58,167
  • Low Value: 44,226

    Market Valuation

  • Market Total Value: $22,275
  • Market Land Value: $13,359
  • Market Improvement Value: $8,916

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $7,425
  • Assessed Land Value: $4,453
  • Assessed Improvements Value: $2,972

    Sales

  • Current Sale Contract Date: Feb 22, 2012
  • Current Sale Recording Date: Feb 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012-03661
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: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12462316
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 2302 1st Street built and last sold?
The property at 2302 1st Street was built in 1839 and last sold on Feb 22, 2012 for $19,500.
How much is this home worth?
The estimated value of the home located at 2302 1st Street is $85,531.
What are some comparable homes to 2302 1st Street?
There are currently no comparable homes to 2302 1st Street.
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