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Royce Mignone
REALTOR®
(815) 252-9997
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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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New to the Market Active
BEDS5 BATHS5 full MLS#12618041
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 145

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.

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 roycemignone.dickersonnieman.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Exterior Entry, Other, Egress Window, Daylight, Full
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: Royce Mignone
Agent Phone: (815) 252-9997
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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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 06/05/2026. The listing information on this page last changed on 06/05/2026. 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 Fri 06/05/2026 12:01:15 AM EST) or MRED MLS (last updated Thu 06/04/2026 11:58:13 PM EST) or SCWMLS (last updated Thu 06/04/2026 11:55:09 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 06/04/2026 10:15:34 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 06/04/2026 2:10:15 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.

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