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250 Peru Street , Paw Paw, IL 61353

$230,000
  • 250 Peru Street , Paw Paw, IL 61353 Main Photo

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New to the Market Active
BEDS5 BATHS5 full MLS#12618041
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 145

Property Description

Business owner retiring-offering a rare commercial real estate investment opportunity to reimagine this well-maintained, income-producing property for your next venture or portfolio expansion. Currently operating as a long-standing daycare and preschool, this versatile mixed-use property is primed for transformation with multiple high-value exit strategies. Ideally positioned for commercial mixed-use zoning potential, continue operating a business while incorporating comfortable residential living quarters. Investors will appreciate the ability to convert into a multi-unit income property, with potential for 2-3 rental units utilizing the existing footprint, strategic bathroom enhancements, an existing 2nd-floor apartment, and an exterior-access finished basement-ideal for separate tenant entry and rental flexibility. Alternatively, reimagine the property as a multi-family investment property or fully deconvert into a spacious single-family home, perfectly suited for multi-generational living with defined separation, privacy, and flexible floorplan options to accommodate extended family or dual living needs. Set on two village lots, the property features a fenced yard, a blacktop half basketball court, and ample outdoor space for expansion, recreation, or value-add improvements. The oversized barn/garage offers exceptional storage, workshop, or contractor space, complemented by an attached one-car garage currently utilized by the tenant. Meticulously maintained with consistent interior updates since 1992, this is a rare opportunity for investors, developers, or owner-occupants to secure a flexible, high-potential property with strong income-producing capability, redevelopment upside, and long-term ROI potential.

250 Peru Street | MLS# 12618041

This multi-family property located at 250 Peru Street , Paw Paw, IL 61353 is currently listed for sale with an asking price of $230,000. Peru Street is located within the District 145 school district. Search Paw Paw real estate on keithkelly.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Exterior Entry, Other, Egress Window, Daylight, Full
Garage: 3
Heating: Natural Gas, Forced Air
Home Style: Farmhouse, Traditional
Lot Size: 84x226x100x62x64x99
Roof Type: Asphalt
Taxes: $6,003
Year Built: 1891

Feature Descriptions

Additional rooms: Utility Room-2nd Floor, Utility Room-Lower Level
Additional Structures: Second Garage
Exterior: Frame
Lot: Irregular Lot
Lot Dimensions: 84x226x100x62x64x99
Other Equipment: CO Detectors, Multiple Water Heaters
Parcel#: 22181047602500
Parking: Garage, Yes, Garage Owned, Attached, Detached, Off Alley, Off Street, Driveway, Garage Faces Side, Owned
Sewer: Public Sewer
Total Rooms: 14
Township: Wyoming
Water: Public

Local Schools

High School: Indian Creek Middle School
Middle School: Paw Paw Jr/Sr High School
Elementary School: Paw Paw Elementary School
School District: District 145

Listed By / Shown By

Listed By

Agency Name: Swanson Real Estate
Agency Phone: 815-786-9418

Shown By

Agent Name: Keith Kelly
Agent Phone: (815) 509-3655
Agency Title: Dickerson & Nieman Realtors

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Estimated Payment

$ 1,079.21 per month $511.88 Principal & Interest $500.25 Property Tax $67.08 Homeowner's Insurance

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