1027 Institute Pl
Peoria, IL 61606
3 bd 3 ba 2,418 sqft Built 1925 Lot 5,287 sqft single_family
Most recent sale
$198,000
Aug 15, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 15, 2026 | Listed | $230,000 | RMLSAlliance |
| Aug 15, 2022 | Sold | $198,000 | Public Record |
| Jun 16, 2022 | Price changed | $199,900 | MLS #PA1233171 |
| May 27, 2022 | Price changed | $219,900 | MLS #PA1233171 |
| May 6, 2022 | Price changed | $229,900 | MLS #PA1233171 |
| Apr 14, 2022 | Listed | $239,900 | MLS #PA1233171 |
| Dec 13, 2001 | Sold | $107,000 | Public Record |
| Dec 30, 1998 | Sold | $90,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $56,340 | $6,460 | $62,800 | $5,137 |
| 2022 | $44,630 | $5,400 | $50,030 | $4,247 |
| 2021 | $42,500 | $5,140 | $47,640 | $4,139 |
| 2020 | $42,080 | $5,090 | $47,170 | $4,125 |
| 2019 | $42,940 | $5,190 | $48,130 | $4,197 |
| 2018 | $42,890 | $5,190 | $48,080 | $4,098 |
| 2017 | $43,320 | $5,240 | $48,560 | $4,103 |
| 2016 | $43,320 | $5,240 | $48,560 | $4,240 |
| 2015 | $42,470 | $5,140 | $47,610 | $4,104 |
| 2014 | $42,110 | $5,110 | $47,220 | $3,794 |
| 2013 | $42,620 | $5,170 | $47,790 | $3,801 |
| 2012 | $43,760 | $5,310 | $49,070 | $3,857 |
| 2011 | $44,790 | $5,440 | $50,230 | $3,914 |
| 2010 | $44,460 | $5,420 | $49,880 | $3,856 |
| 2009 | $44,280 | $5,400 | $49,680 | $3,824 |
| 2008 | $43,410 | $5,290 | $48,700 | $3,632 |
| 2007 | — | — | $47,060 | $3,460 |
| 2006 | $33,890 | $5,120 | $39,010 | $2,842 |
Property facts
Year built
1925
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,418 sqft
Lot size
5,287 sqft
ZIP code
61606
City
Peoria
Street
Institute Pl
Coordinates
40.70104, -89.61641
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,188
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1027 Institute Pl last sell?
1027 Institute Pl most recently sold on Aug 15, 2022 for $198,000.
What is the current tax assessment for 1027 Institute Pl?
The most recent total assessment for 1027 Institute Pl (year 2024) is $62,800 with $5,137 in property tax.
How does 1027 Institute Pl's assessment compare to its last sale price?
The current assessment is 68.3% below the last sale price of $198,000.
When was 1027 Institute Pl built?
1027 Institute Pl was built in 1925.
How does 1027 Institute Pl compare to others on Institute Pl?
We track 8 other properties on Institute Pl. Browse the list under "Other properties on Institute Pl" to compare beds, baths, and sale history.
What are the property facts for 1027 Institute Pl?
1027 Institute Pl is a 3 bed, 3 bath, 2,418 sqft, 5,287 sqft lot single_family.
Is 1027 Institute Pl a flip candidate?
No — 1027 Institute Pl does not appear in our flips dataset.
Is 1027 Institute Pl a tax-appeal candidate?
No — 1027 Institute Pl is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.9%
Implied 1-yr
-11.6%
2026 Q2
$189.4K
2026 Q3
$182.6K
ZIP 61606 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Institute Pl