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Noah Meyer
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(815) 978-8961
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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 New
BEDS5 BATHS1 full 4 partial SQUARE FEET2,422 MLS#12624406
STATUSNew PROPERTY TYPEResidential - Single Family 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# 12624406

This single family home located at 250 Peru Street , Paw Paw, IL 61353 is currently listed for sale with an asking price of $230,000. This property was built in 1891 and has 5 bedrooms and 1 full and 4 partial baths with 2422 sq. ft. Peru Street is located within the District 145 school district. Search Paw Paw real estate on noahmeyer.dickersonnieman.com today.

Property Features

Property Type: Residential - Single Family
Basement: Yes
Basement: Finished, Exterior Entry, Other, Egress Window, Partial Exposure, Rec/Family Area, Storage Space, Daylight, Full
Cooling: Central Air
Garage: 3
Heating: Natural Gas, Forced Air
Home Style: Traditional
Lot Size: 84x226x100x62x64x99
Roof Type: Asphalt
Taxes: $5,299
Year Built: 1891

Amenities

1st Floor Bedroom
In-Law Floorplan

Feature Descriptions

Additional rooms: Kitchen, Bedroom 5,Enclosed Porch Heated, Exercise Room, Storage
Additional Structures: Second Garage
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Other
Association Includes: None
Dining Room: Kitchen/Dining Combo
Exterior: Wood Siding
Laundry: Main Level, Upper Level, In Unit, Laundry Closet
Lot: Irregular Lot, Mature Trees
Lot Dimensions: 84x226x100x62x64x99
Other Equipment: Multiple Water Heaters
Parcel#: 22181047602500
Parking: Concrete, Gravel, Garage, Yes, Garage Owned, Attached, Detached, Off Street, Driveway, Alley Access, Garage Faces Side, Owned
Sewer: Public Sewer
Total Rooms: 12
Township: Wyoming
Water: Public

Room Sizes

Kitchen- 2nd: 10X9
Bedroom 5: 8X9
Exercise Room: 15X12
Storage: 8X18
Enclosed Porch Heated: 8X22
Bedroom 2: 10X16
Bedroom 3: 9X9
Bedroom 4: 13X9
Dining Room: 13X15
Family Room: 26X13
Kitchen: 11X12
Living Room: 26X20
Primary Bedroom: 12X15

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: Noah Meyer
Agent Phone: (815) 978-8961
Agency Title: Dickerson & Nieman Realtors

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Estimated Payment

$ 1,020.55 per month $511.88 Principal & Interest $441.58 Property Tax $67.08 Homeowner's Insurance

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