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Listing provided courtesy of Swanson Real EstateMREDas Distributed by MLSGrid- MLS# 12624406MLS Provider

250 Peru StreetPaw Paw, IL 61353

Single Family · 5 Beds · 1 Full Bath · 4 Half Baths · 2,422 Sq. ft.
$230,000 Active

250 Peru Street Overview

Time on Site:
53 days
Visits:
0

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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250 Peru Street Facts & Features

  • Type Single Family
  • Sq. ft. 2,422
  • Price/Sq.ft. $95

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable
  • Association Fee Includes: None

School Information

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

Building Information

  • New Construction: No
  • Year Built: 1891

Location/Region

  • County Or Parish: Lee
  • MLS Area Major: Paw Paw
  • Township: Wyoming

Community/Development

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

Tax Information

  • Tax Annual Amount: $6,003.52
  • Tax Year: 2025

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 22181047602500
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 3322
  • Basement SqFt.: 1060
  • Disability Access: No
  • Total SqFt.: 2422
  • Unfinished Basement SqFt.: 160
  • Upper SqFt.: 664

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 4
  • Bathrooms Total: 5
  • Bedrooms Total: 5
  • Bedrooms Possible: 5

Building Interior

  • Below Grade Finished Area: 900

General Information

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Other
  • Basement: Finished, Exterior Entry, Other, Egress Window, Partial Exposure, Rec/Family Area, Storage Space, Daylight, Full
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Forced Air
  • Interior Features: 1st Floor Bedroom, In-Law Floorplan
  • Laundry Features: Main Level,Upper Level,In Unit,Laundry Closet
  • Living Area: 2422
  • Living Area Source: Assessor
  • Other Equipment: Multiple Water Heaters
  • Rooms Total: 12

Exterior

Parking Information

  • Parking Features: Concrete, Gravel, Garage, Yes, Garage Owned, Attached, Detached, Off Street, Driveway, Alley Access, Garage Faces Side, Owned
  • Parking Total: 6

Lot Information

  • Additional Parcels: Yes
  • Lot Features: Irregular Lot, Mature Trees
  • Lot Size Dimensions: 84x226x100x62x64x99
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Traditional
  • Construction Materials: Wood Siding
  • Roof: Asphalt

General Information

  • Exterior Features: Other
  • Other Structures: Second Garage
  • Sewer: Public Sewer

Room Information

Room: Exercise Room

  • Level: Basement
  • Dimensions: 15X12

Room: Family Room

  • Level: Basement
  • Dimensions: 26X13

Room: Storage

  • Level: Basement
  • Dimensions: 8X18

Room: Bedroom 2

  • Level: Main
  • Dimensions: 10X16

Room: Bedroom 3

  • Level: Main
  • Dimensions: 9X9

Room: Dining Room

  • Level: Main
  • Dimensions: 13X15

Room: Enclosed Porch Heated

  • Level: Main
  • Dimensions: 8X22

Room: Kitchen

  • Level: Main
  • Dimensions: 11X12

Room: Living Room

  • Level: Main
  • Dimensions: 26X20

Room: Master Bedroom

  • Level: Main
  • Dimensions: 12X15

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Laundry

  • Level: N/A

Room: Bedroom 4

  • Level: Second
  • Dimensions: 13X9

Room: Bedroom 5

  • Level: Second
  • Dimensions: 8X9

Room: Kitchen- 2nd

  • Level: Second
  • Dimensions: 10X9

250 Peru Street Neighborhood

Community

61353 (Paw Paw) Demographics

35
Median Age
42
Population Density (per sq. mile)
20%
College Educated
$54,444
Estimated Median Income
385
Estimated Total Home Owners
115
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

250 Peru Street Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

250 Peru Street Market Data

Based on the last 30 days in this zip code

$338,783
Average List Price
$150
Average Price per Square Foot
1
Properties Sold
39
Average Days on Market
6
Properties for Sale
Calculations provided by Reliance Network

250 Peru Street History

Date Event Value Agent
6/8/2026Source: MRED Status Change
Active
6/5/2026Source: MRED Added to Database
June 05, 2026
6/3/2026Source: MRED Added to Database
June 03, 2026
5/12/2026Source: MRED Status Change
Active
5/7/2026Source: MRED Added to Database
May 07, 2026