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Peru 61354
2618 7th Street
$172,000
● House - Off Market

2618 7th Street

Peru, IL 61354
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,153 Ft²
$989
Est. Monthly

About This Property

Move in ready, clean and bright! This 2 bedroom home with detached 1 car garage offers a full bath with tub/ shower combo plus a primary bedroom full bath with a walk-in shower. The entry way/bonus room provides versatile living space for office needs, book shelves, reading nook and plenty of light for plants! The living and dining rooms are complete with wood laminate flooring and blinds. A galley kitchen with plenty of cupboard space privides extra seating with a convenient breakfast bar. The kitchen provides access to the basement with laundry area and to the spacious deck with attached gas grill. Back yard is completely fenced.   Water heater(2024)
Unit Size
1,153 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$147
Property Type
House
Property Taxes
$154
HOA Dues
-
Year Built
1922

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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

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • 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: 5,663
  • Total Building Area: 974
  • Gross Building Area: 974
  • Building Area: 974
  • 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: MAPLE LAWN SUB
  • Land Acres: 0000000130
  • Standard Land Use Code: 1999
  • County Land Use Code: 0040
  • Legal Description 1: MAPLE LAWN SUBD LOT 4 BLK 7

Neighborhood

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

Geography

  • District: PE
  • Parcel: 17-17-309-003
  • Block: 7
  • Lot: 4
  • Municipality: PERU TOWNSHIP
  • Latitude: 41.33
  • Longitude: -89.1404

    Address

  • Full Address: 2618 7th St
  • Address - House Number: 2618
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Peru
  • Carrier Code: C006
  • 4-Digit Zip Code: 2426
  • Zip Code: 61354

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $270,466
  • Tax Rate Code Area: PE002

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 72
  • Final Value: 133,389
  • High Value: 151,549
  • Low Value: 115,228

    Market Valuation

  • Market Total Value: $119,907
  • Market Land Value: $15,987
  • Market Improvement Value: $103,920

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $39,969
  • Assessed Land Value: $5,329
  • Assessed Improvements Value: $34,640

    Sales

  • Current Sale Contract Date: Jun 04, 2010
  • Current Sale Recording Date: Jun 09, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010-11999
  • Previous Sale Recording Date: Sep 08, 2008
  • Previous Sale Contract Date: Sep 05, 2008
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: 71
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

Unit for rent at 2415 Main Street, Peru, IL, 61354

$1,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,068 ft²
2415 Main Street, Peru, IL, 61354 Listing by Robert Perez
Unit for rent at 2007 Schuyler Drive, Peru, IL, 61354

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
2007 Schuyler Drive, Peru, IL, 61354 Listing by Wendy Fulmer

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Wendy Fulmer, Coldwell Banker Today's, Realtors
Data Source: MRED, MLS# MRD12551241
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 2618 7th Street built and last sold?
The property at 2618 7th Street was built in 1922 and last sold on Jun 4, 2010 for $120,000.
How much is this home worth?
The estimated value of the home located at 2618 7th Street is $0.
What are some comparable homes to 2618 7th Street?
There are currently no comparable homes to 2618 7th Street.
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