Sign up to get new listings emailed daily! JOIN SIGN IN
Steve Clark
REALTOR®
(815) 871-9200
Refine Search

250 Peru Street, Paw Paw, IL 61353

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

51 Total Photos [Click to View All]

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 steveclark.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: Steve Clark
Agent Phone: (815) 871-9200
Agency Title: Dickerson & Nieman Realtors

IDX logo

Estimate Your Payment

Estimated Payment

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

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/21/2026. The listing information on this page last changed on 07/21/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Tue 07/21/2026 12:26:49 AM EST) or MRED MLS (last updated Tue 07/21/2026 12:19:05 AM EST) or SCWMLS (last updated Mon 07/20/2026 11:54:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 07/20/2026 10:16:07 PM EST) or Northern Illinois Commercial Association Realtors (last updated Mon 07/20/2026 2:10:14 PM EST). Real estate listings held by brokerage firms other than Dickerson & Nieman Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

Listing data and photos distributed by MLSGRID
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.



Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Pixel