250 Peru Street — Paw Paw, IL 61353
Active
Paw Paw, IL 61353

250 Peru Street

$230,000
5 beds · 5 baths · 2,422 sqft
Listed at $230,000 30 days on market $6,004/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$230,000
List price
2,422
Square feet
5
Bedrooms
1 full / 4 half
Bathrooms
1891
Year built
Lot size
3
Garage spaces
$6,004
Annual taxes
Traditional
Style
30
Days on market
04Features
Heating
Natural GasForced Air
Cooling
Central Air
Appliances
RangeDishwasherRefrigeratorWasherDryerOther
Parking
ConcreteGravelGarageGarage OwnedAttachedDetachedOff StreetDrivewayAlley AccessGarage Faces SideOwned
Construction
Wood Siding
Equipment
Multiple Water Heaters
Sewer
Public Sewer
05Neighborhood
This home EElementary schoolHHigh school
E Elementary school
Paw Paw Elementary School
Paw Paw, IL
📍0.3 mi🚗1 min🚶7 min
M Middle school
Paw Paw Jr/Sr High School
Paw Paw, IL
H High school
Indian Creek Middle School
Paw Paw, IL
📍12 mi🚗32 min
  • Beaver den Tavern & Grill 550 ft
  • Paw Paw Fresh Market 600 ft
  • Casey's General Store 800 ft
  • Veterans Memorial Park 0.2 mi
  • Lions Park 0.5 mi
  • Nothing surfaced nearby in our maps data.
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

Jun 9, 2026
Listed for sale
Swanson Real Estate · 7 days on market
$230,000
Jun 3, 2026
Listed for sale
Swanson Real Estate
$230,000
May 13, 2026
Listed for sale
Swanson Real Estate · 30 days on market
$230,000
May 7, 2026
Listed for sale
Swanson Real Estate
$230,000
May 7, 2026
Listed for saleThis listing
Swanson Real Estate
$230,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

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08See it for yourself

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09Similar homes
Listed by Swanson Real Estate · Wendi Sleezer · 630-486-6514
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12624406
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