REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sara Latta-Young

saralattayoung@gmail.com +1(815) 685-5090

$ 230,000

Est. payment -/mo

Save Virtual Tour

Active

250 Peru ST Paw Paw, IL 61353

5 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12618041

Style Farmhouse,Traditional

Bedrooms 5

Year Built 1891

Annual Tax Amount $6,003

Tax Year 2025

Lot Dimensions 84x226x100x62x64x99

Property Sub-Type Two to Four Units

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.

Location

State IL

County Lee

Area Paw Paw

Zoning OTHER

Rooms

Basement Finished, Exterior Entry, Other, Egress Window, Daylight, Full

Interior

Heating Natural Gas, Forced Air

Equipment CO Detectors, Multiple Water Heaters

Fireplace N

Exterior

Garage Spaces 3.0

Community Features Park, Curbs, Sidewalks, Street Lights, Street Paved

Roof Type Asphalt

Building

Lot Description Irregular Lot

Dwelling Type Two to Four Units

Building Description Frame, No

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Paw Paw Elementary School

Middle Schools Paw Paw Jr/Sr High School

High Schools Indian Creek Middle School

School District 271 , 271, 145

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://tours.creativelightstudios.com/250-Peru-St/idx

Listed by Wendi Sleezer of Swanson Real Estate

GET MORE INFORMATION

Sara Latta-Young

Designated Managing Broker

+1(815) 685-5090 | saralattayoung@gmail.com

Sara Latta-Young

250 Peru ST Paw Paw, IL 61353

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

250 Peru ST