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Peru 61354
2507 7th Street
$140,000
● House - Off Market

2507 7th Street

Peru, IL 61354
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,577 Ft²
$867
Est. Monthly
26.86%
Cap Rate

About This Property

Affordable 2 Story, 4-bedroom 2-bathroom home in the heart of Peru. This lovely home features a charming foyer with a staircase to the upper level with all original woodwork, the dining room & living room are combined, there is a eat in kitchen with newer cabinetry and a large island. There is a main level bedroom and main level bathroom. The upper level includes 3 bedrooms, a bonus room and a1/2 bathroom. C/A & Forced air on the upper level, the main level has hot water heat and window A/C. The exterior is steel siding, there are all replacement windows, a large covered front porch and a deck.
Unit Size
1,577 Ft²
Days on Market
-
Land Size
-
Price per sqft
$92
Property Type
House
Property Taxes
$154
HOA Dues
-
Year Built
1914

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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.

Last updated: 2 years ago (MRED MLS #12059561)

Price History

Date / Event Date Event Price
Jul 9, 2024 Sold
Premium
Sold
May 17, 2024 Listed by Coldwell Banker Today's, Realtors $145,000
Listed by Coldwell Banker Today's, Realtors

Property Highlights

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • 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: 4,792
  • Total Building Area: 1,577
  • Gross Building Area: 1,577
  • Building Area: 1,577
  • 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: HOSCHEITS ADD
  • Land Acres: 0000000110
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: HOSCHEITS ADD, LT 4 BLK 2 SEC 17-33-1

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-303-005
  • Block: 2
  • Lot: 4
  • Meridian: SEC 17 TWN 33 RNG 01
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.3305
  • Longitude: -89.1388

    Address

  • Full Address: 2507 7th St
  • Address - House Number: 2507
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C006
  • 4-Digit Zip Code: 2423
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $186,772
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.2672
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 61
  • Final Value: 158,007
  • High Value: 200,241
  • Low Value: 115,773

    Market Valuation

  • Market Total Value: $102,849
  • Market Land Value: $15,987
  • Market Improvement Value: $86,862

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $34,283
  • Assessed Land Value: $5,329
  • Assessed Improvements Value: $28,954
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

1568 ft²

Average Home Age

97.4 years

Currently For Sale

13 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
Last Updated: 2 years ago
Data Source: MRED, MLS# 12059561
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 2507 7th Street built and last sold?
The property at 2507 7th Street was built in 1914 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2507 7th Street is $149,185.
What are some comparable homes to 2507 7th Street?
There are currently no comparable homes to 2507 7th Street.
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