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250 Peru Street, Paw Paw, IL 61353

$230,000
  • 250 Peru Street, Paw Paw, IL 61353 Main Photo

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Active
BEDS5 BATHS5 full MLS#12618041
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 145

Property Description

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!

250 Peru Street | MLS# 12618041

This multi-family property located at 250 Peru Street, Paw Paw, IL 61353 is currently listed for sale with an asking price of $230,000. Peru Street is located within the District 145 school district. Search Paw Paw real estate on seaversisler.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Finished, Exterior Entry, Other, Egress Window, Daylight, Full
Basement: Yes
Garage: 3
Heating: Natural Gas, Forced Air
Home Style: Farmhouse, Traditional
Lot Size: 84x226x100x62x64x99
Roof Type: Asphalt
Taxes: $6,003
Year Built: 1891

Feature Descriptions

Additional rooms: Utility Room-2nd Floor, Utility Room-Lower Level
Additional Structures: Second Garage
Exterior: Frame
Lot: Irregular Lot
Lot Dimensions: 84x226x100x62x64x99
Other Equipment: CO Detectors, Multiple Water Heaters
Parcel#: 22181047602500
Parking: Garage, Yes, Garage Owned, Attached, Detached, Off Alley, Off Street, Driveway, Garage Faces Side, Owned
Sewer: Public Sewer
Total Rooms: 14
Township: Wyoming
Water: Public

Local Schools

High School: Indian Creek Middle School
Middle School: Paw Paw Jr/Sr High School
Elementary School: Paw Paw Elementary School
School District: District 145

Listed By / Shown By

Listed By

Agency Name: Swanson Real Estate
Agency Phone: 815-786-9418

Shown By

Agent Name: Your Real Estate Guy
Agent Phone: Cell: (815) 979-3136
Agency Title: Dickerson & Nieman Realtors

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Estimated Payment

$ 1,079.21 per month $511.88 Principal & Interest $500.25 Property Tax $67.08 Homeowner's Insurance

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