720 Cherry Ln
Peoria, IL 61604
2 bd 1 ba 702 sqft Built 1940 Lot 30,000 sqft single_family
Most recent sale
$138,000
Jul 7, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 7, 2022 | Sold | $138,000 | Public Record |
| Jun 6, 2022 | Listed | $94,900 | MLS #PA1234843 |
| Nov 23, 2021 | Sold | $29,000 | Public Record |
| Jun 17, 2013 | Sold | $28,000 | Public Record |
| May 15, 2013 | Listing removed | $21,900 | RMLSAlliance |
| Apr 29, 2013 | Listed | $21,900 | MLS #1143577 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $28,150 | $7,230 | $35,380 | $1,725 |
| 2024 | $26,310 | $6,760 | $33,070 | $1,746 |
| 2022 | $13,980 | $5,880 | $19,860 | $1,818 |
| 2021 | $13,440 | $5,650 | $19,090 | $1,756 |
| 2018 | $3,470 | $5,530 | $9,000 | $486 |
| 2015 | $4,530 | $5,540 | $10,070 | $478 |
| 2014 | $4,460 | $5,450 | $9,910 | $246 |
| 2013 | $13,810 | $5,450 | $19,260 | $1,044 |
| 2012 | $14,060 | $5,550 | $19,610 | $885 |
| 2011 | $14,330 | $5,660 | $19,990 | $883 |
| 2010 | $15,780 | $5,600 | $21,380 | $971 |
| 2009 | $15,410 | $5,470 | $20,880 | $932 |
| 2008 | $13,020 | $5,260 | $18,280 | $897 |
| 2007 | — | — | $17,470 | $638 |
| 2006 | $12,370 | $4,770 | $17,140 | $623 |
Property facts
Year built
1940
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
702 sqft
Lot size
30,000 sqft
ZIP code
61604
City
Peoria
Street
Cherry Ln
Coordinates
40.69692, -89.69101
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,264
Gross rental yield
10.99%
Implied cap rate
7.14%
Trend-extrapolated value
—
Frequently asked questions
When did 720 Cherry Ln last sell?
720 Cherry Ln most recently sold on Jul 7, 2022 for $138,000.
What is the current tax assessment for 720 Cherry Ln?
The most recent total assessment for 720 Cherry Ln (year 2025) is $35,380 with $1,725 in property tax.
How does 720 Cherry Ln's assessment compare to its last sale price?
The current assessment is 74.4% below the last sale price of $138,000.
When was 720 Cherry Ln built?
720 Cherry Ln was built in 1940.
How does 720 Cherry Ln compare to others on Cherry Ln?
We track 1 other property on Cherry Ln. Browse the list under "Other properties on Cherry Ln" to compare beds, baths, and sale history.
What are the property facts for 720 Cherry Ln?
720 Cherry Ln is a 2 bed, 1 bath, 702 sqft, 30,000 sqft lot single_family.
Is 720 Cherry Ln a flip candidate?
Yes — 720 Cherry Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 720 Cherry Ln a tax-appeal candidate?
No — 720 Cherry Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.0%
Implied 1-yr
-4.0%
2026 Q3
$119.1K
2026 Q4
$117.9K
ZIP 61604 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cherry Ln