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250 Peru Street
Paw Paw IL 61353 US

$230,000

Active Listing ID 12624406
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5 bed
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5.00 Bath (1 Full , 4 Half)
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Other

$230,000

Active Listing ID 12624406
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250 Peru Street 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.

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Property Features

  • Facts
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 1
  • 1/2 Bathrooms: 4
  • Cooling System: Central Air
  • Floor Covering: Carpet
  • Roof Type: Asphalt
  • Heating Fuels: Natural Gas, Forced Air
  • Additional Features
  • Basement
  • Patio

School Information

  • School
  • Paw Paw Elementary School(Elementary)
  • Paw Paw Jr/Sr High School(MiddleSchool)
  • Indian Creek Middle School(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 230000
  • unparsedaddress: 250 Peru Street
  • postalcity: Paw Paw
  • stateorprovince: IL
  • country: US
  • postalcode: 61353
  • bathroomsfull: 1
  • bathroomshalf: 4
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 2422
  • livingareaunits: Square Feet
  • latitude: 41.688099
  • longitude: -88.981634
  • listagentfullname: Wendi Sleezer
  • listagentemail: wrsleezer10@gmail.com
  • listagentkey: 3yd-MREDIL-247447
  • listagentmlsid: 247447
  • listagentpreferredphone: (815) 693-4958
  • listagentofficephone: 6304866514
  • listofficekey: 3yd-MREDIL-24215
  • listofficemlsid: 24215
  • disclaimer: Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1891
  • listingcontractdate: 2026-05-07
  • listagenturl: https://Swansonrealestate.net
  • countyorparish: Lee
  • parcelnumber: 22181047602500
  • elementaryschool: Paw Paw Elementary School
  • highschool: Indian Creek Middle School
  • elementaryschooldistrict: 271
  • middleorjuniorschooldistrict: 271
  • highschooldistrict: 145
  • appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • cooling: Central Air
  • constructionmaterials: Wood Siding
  • flooring: Carpet
  • heating: Natural Gas, Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 6
  • parkingfeatures: Owned, Driveway, Garage, Off Street, Alley
  • roof: Asphalt
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: 1st Floor Bedroom, In-Law Floorplan
  • architecturalstyle: Other
  • rooms: Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Basement, Laundry Room, Bedroom 1, Dining Room, Bedroom 3, Family Room, Bedroom 2, Bathroom 4, Exercise Room, Bathroom 5, Bathroom 1, Exercise Room
  • otherstructures: Second Garage
  • patioandporchfeatures: Patio
  • basement: Exterior Entry, Storage Space, Finished, Daylight, Full, Partial
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -88.981636, 41.6881
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Swanson Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"wrsleezer10@gmail.com", "ListBrokerageCity":"Sandwich", "ListBrokerageCountry":"US", "ListBrokerageEmail":"joesre@comcast.net", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Swanson Real Estate", "ListBrokeragePhone":"(815) 693-4958", "ListBrokeragePostalCode":"60548", "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"503 E Church Street", "ListBrokerageWebsiteUrl":"https://Swansonrealestate.net", "ListOfficeAddress1":"503 E. Church Street ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"24215", "ListOfficeCity":"Sandwich", "ListOfficeCountry":"US", "ListOfficeEmail":"joesre@comcast.net", "ListOfficePostalCode":"60548", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Other - Paw Paw, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/250-Peru-St_Paw-Paw_IL_61353_M83317-82499?f=listhub&s=MREDIL&m=12624406&c=rexren", "MLSModificationTimestamp":"2026-05-07 21:22:03", "Neighborhoods":[{"Description":null, "Name":"Paw Paw"}], "PostalCode":null, "RoomCount":12, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":5299, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 5/7/2026 9:38:02 PM GMT
Source Updated Date: 5/10/2026 12:36:50 PM GMT

Courtesy of: Wendi Sleezer, Swanson Real Estate, wrsleezer10@gmail.com

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.