IL
Lee
Paw Paw
61353
250 Peru Street
250 Peru Street, Paw Paw, IL 61353
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Listing Type
Single Family
Listing Status
Active
41
$230,000

Home Details for 250 Peru Street

Price
$230,000
Type
Residential
Bedrooms
5
Total Bathrooms
5
Full Bathrooms
1
Half Bathrooms
4
Square feet
2422
Year built
1891
County
Lee
Total rooms
12
Garage
3
Basement
Finished, Exterior Entry, Other, Storage Space, Daylight, Full
Days on site
46
MLS Listing#
12624406
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.

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Property Features
  • Parking
    • Concrete
    • Gravel
    • Garage
    • Attached
    • Detached
    • Off Street
    • Driveway
    • Alley Access
    • Garage Faces Side
  • Basement
    • Finished
    • Exterior Entry
    • Other
    • Storage Space
    • Daylight
    • Full
  • Heating Information
    • Natural Gas
    • Forced Air
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • House Interior
    • In-Law Floorplan
  • 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 2026-06-05 10:50:49. 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: 2026-06-05 10:50:49
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Market statistics compiled from data from Midwest Real Estate Data.
EXIT REALTY REDEFINED - MAURER GROUP
4174 N. Perryville Rd, Loves Park, IL 61111
Office
815 977 7411
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