250 Peru Street, Paw Paw, IL 61353
Local realty services provided by:Better Homes and Gardens Real Estate Star Homes
250 Peru Street,Paw Paw, IL 61353
$230,000
- 5 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: wendi sleezer
Office: swanson real estate
MLS#:12618041
Source:MLSNI
Price summary
- Price:$230,000
About this home
Calling all investors, developers, and entrepreneurs! Unlock the potential of this unique mixed-use property offering multiple paths to increased cash flow and long-term appreciation. With much of the plumbing infrastructure already in place and an adaptable floor plan, this property presents an outstanding opportunity for a creative redesign. The existing layout lends itself to the possibility of creating up to three income-producing spaces, subject to buyer verification of zoning and municipal approvals. The current second-floor 2-bedroom apartment is ideal for immediate rental income, while the expansive main and lower levels offer the flexibility to remain one large commercial or residential space or be thoughtfully reconfigured into two separate units. Whether your vision includes expanding rental income, creating a live-work investment, establishing professional offices, or developing a flexible mixed-use property, the possibilities are impressive. Minor interior renovations can dramatically modernize the space while maximizing functionality and appeal. Situated on two village lots, the property also features a fenced outdoor area, blacktop parking/recreation space, an attached one-car garage, and an oversized barn with two-car capacity-perfect for additional storage, workshop space, contractor operations, or future expansion. Well maintained with ongoing improvements over the years, this property is positioned for its next chapter. Take advantage of available TIF incentives while exploring the many redevelopment opportunities this property offers. Mixed-use properties with existing residential income, adaptable commercial space, generous storage, and significant value-add potential are increasingly difficult to find. Bring your vision and transform this property into a high-performing investment. Several photos virtually staged for design ideas!...
Contact an agent
Home facts
- Year built:1891
- Listing ID #:12618041
- Updated:July 23, 2026 at 05:19 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:1
- Half bathrooms:4
- Rooms Total:14
- Basement Description:Egress Window, Finished, Full
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1891
- Lot Features:Irregular Lot
- Architectural Style:Farmhouse, Traditional
- Foundation Description:Block, Concrete Perimeter
Schools
- High school:Indian Creek Middle School
- Middle school:Paw Paw Jr/Sr High School
- Elementary school:Paw Paw Elementary School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$230,000
- Tax amount:$6,004 (2025)
Features and amenities
- Amenities:CO Detectors, Multiple Water Heaters
Parking
- Total parking spaces:7
- Parking description:Attached Garage, Detached Garage, Driveway, Garage, Off Alley, Off Street
- Garage:Yes
- Garage spaces:3
New listings near 250 Peru Street
- New
$264,000Active3 beds 3 baths1,484 sq. ft.444 Wyoming Avenue, Paw Paw, IL 61353
MLS# 12710791Listed by: SWANSON REAL ESTATE - New
$1,200,000Active1 beds 1 baths1,368 sq. ft.3435 Howlett Road, Paw Paw, IL 61353
MLS# 12704152Listed by: GAINES REALTY - New
$109,900Active-- beds -- bathsTRACK 1 Dredge Road, Paw Paw, IL 61353
MLS# 12700617Listed by: KETTLEY & CO. INC. - AURORA - New
$495,500Active4 beds 2 baths2,133 sq. ft.344 Flagg Street, Paw Paw, IL 61353
MLS# 12704050Listed by: GAINES REALTY
$175,000Active3 beds 3 baths2,100 sq. ft.269 Brookside Drive, Paw Paw, IL 61353
MLS# 12699266Listed by: GAINES REALTY
$280,000Active5 beds 3 baths2,083 sq. ft.240 Maple Street, Paw Paw, IL 61353
MLS# 12661551Listed by: REAL BROKER LLC
$267,000Active3 beds 2 baths1,920 sq. ft.188 Peru Street, Paw Paw, IL 61353
MLS# 12650477Listed by: LISTWITHFREEDOM.COM