# 250 Peru Street, Paw Paw, IL 61353

> **TL;DR:** 5bd/5ba single family, $230,000 ($95/sqft), built 1891, 2,422 sqft.
> A/C. Est. $997/mo. Listed 25 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $230,000 |
| Price/sqft | $95 |
| Bedrooms | 5 |
| Bathrooms | 1 full, 4 half |
| Square Feet | 2,422 |
| Year Built | 1891 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 25 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $997 |
| **Total** | **$997** |

## Nearby Schools

- **Elementary:** Paw Paw Elementary School
- **Middle:** Paw Paw Jr/Sr High School
- **High:** Indian Creek Middle School

## Key Amenities

- A/C

## Property Highlights

- Built in 1891
- 6 parking spaces

## Description

### Agent 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.

## Location

- **Address:** 250 Peru Street, Paw Paw, IL 61353
- **County:** Lee
- **Coordinates:** 41.688099, -88.981634
- **Google Maps:** https://www.google.com/maps?q=41.688099,-88.981634

## Listing Agent

- **Name:** Wendi Sleezer
- **Brokerage:** Swanson Real Estate
- **Phone:** (815) 693-4958
- **Email:** wrsleezer10@gmail.com

## Primary Photo

![250 Peru Street - Primary Photo](http://lh.rdcpix.com/ab4ad08eb436b49c0fed021d59c22472l-f2266428827r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/250-peru-street-paw-paw-il-61353-12624406)*

---

**MLS#:** 12624406 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/250-peru-street-paw-paw-il-61353-12624406)

---

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