IL
Lee
Paw Paw
61353
250 Peru Street, Paw Paw, IL 61353
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Listing Type
Multi Family
Listing Status
Active
1
$230,000

Home Details for 250 Peru Street

Price
$230,000
Type
Residential Income
Bedrooms
5
Total Bathrooms
5
Year built
1891
County
Lee
Total rooms
14
Garage
3
Basement
Finished, Exterior Entry, Other, Daylight, Full
MLS Listing#
12618041
Property Description

Business owner retiring, opening the door to a rare, multi-purpose opportunity ready for its next chapter. Currently operating as a long-standing daycare and preschool with deep community roots, this property is perfectly positioned for seamless deconversion into a versatile residential or income-producing asset. Reimagine the space as a spacious 3-4 bedroom single-family home with room to accommodate multi-generational living. The existing upper-level 2-bedroom, 1-bath living quarters provides a natural separation-ideal for in-laws, extended family, or even supplemental rental income while maintaining privacy. For the savvy buyer or investor, the flexible layout and finished basement offer exciting potential to convert into a multi-unit property-maximize income streams or design a strategic 2-3 unit configuration for strong long-term ROI. The property also lends itself beautifully to a live/work lifestyle, allowing you to operate a business from home while enjoying dedicated private living space. Situated on two village lots and complemented by an oversized barn/garage with extensive storage plus a detached one-car garage, the possibilities here are as expansive as the footprint itself. Well-maintained with updated mechanicals, this is your chance to transform a legacy business location into a high-performing residential or investment property tailored to your vision.

Property Features
  • Parking
    • Garage
    • Attached
    • Detached
    • Off Street
    • Driveway
    • Garage Faces Side
  • Basement
    • Finished
    • Exterior Entry
    • Other
    • Daylight
    • Full
  • Heating Information
    • Natural Gas
    • Forced Air
  • Water Features
    • Public
  • Garage
    • 1
School Information
School Information for 250 Peru Street, Paw Paw, IL 61353
Elementary School
Paw Paw Elementary School
Middle School
Paw Paw Jr/Sr High School
High School
Indian Creek Middle School
Listing Courtesy: Swanson Real Estate - 815-786-9418
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2026-04-26 17:10:52. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2026-04-26 17:10:52
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2775 Algonquin Rd Suite 350, Rolling Meadows, IL 60008
Office
773 250 7410
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