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Peru 61354
2304 2nd Street
$37,500
● House - Off Market

2304 2nd Street

PERU, IL 61354
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,839 Ft²
$68,517
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Affordable Peru home! Three spacious bedrooms, large living room, parquet flooring, walk in closet, Second floor has a very large bedroom with walk in closet & electric BB heat. Central air on main level. Charming wrap around porch, shared driveway. Great starter or income property. Priced below appraised value!
Unit Size
1,839 Ft²
Days on Market
-
Land Size
-
Price per sqft
$24
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1924

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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 #09860808)

Price History

Date / Event Date Event Price
May 18, 2018 Sold
Premium
Sold
Feb 19, 2018 Listed by Coldwell Banker Today's, Realtors $45,000
Listed by Coldwell Banker Today's, Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • 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: 4,356
  • Total Building Area: 1,569
  • Gross Building Area: 1,569
  • Building Area: 1,569
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,569
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SMITH & SKINKLES ADD
  • Land Acres: 0000000100
  • Standard Land Use Code: 1000
  • County Land Use Code: 0040
  • Legal Description 1: SMITH & SKINKELS ADD, N72' LT 1 & N72' E5' LT 2 BLK 68 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-343-005
  • Block: 68
  • Lot: 1-2
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3255
  • Longitude: -89.1359

    Address

  • Full Address: 2304 2nd St
  • Address - House Number: 2304
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C001
  • 4-Digit Zip Code: 3207
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $183,276
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2725
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 61
  • Final Value: 82,344
  • High Value: 104,789
  • Low Value: 59,898

    Market Valuation

  • Market Total Value: $68,541
  • Market Land Value: $7,992
  • Market Improvement Value: $60,549

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $22,847
  • Assessed Land Value: $2,664
  • Assessed Improvements Value: $20,183

    Sales

  • Current Sale Contract Date: May 16, 2018
  • Current Sale Recording Date: May 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 201806067
  • Previous Sale Recording Date: May 29, 2007
  • Previous Sale Contract Date: May 23, 2007
  • Previous Sale Amount: $70,000
  • 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:

$179,450

Sale Price/ft²

$151

Below Asking

0.02%

Average Days on Market

51

Average Home Size

1638 ft²

Average Home Age

95 years

Currently For Sale

14 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: Bonnie Lester, Coldwell Banker Today's, Realtors
Last Updated: 2 years ago
Data Source: MRED, MLS# 09860808
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 2304 2nd Street built and last sold?
The property at 2304 2nd Street was built in 1924 and last sold on May 16, 2018 for $37,500.
How much is this home worth?
The estimated value of the home located at 2304 2nd Street is $0.
What are some comparable homes to 2304 2nd Street?
There are currently no comparable homes to 2304 2nd Street.
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