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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by Wendi Sleezerof Swanson Real Estate

$230,000

Est. payment - /mo

5 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12618041

Style Farmhouse,Traditional

Bedrooms 5

Year Built 1891

Annual Tax Amount $5,299

Tax Year 2024

Lot Dimensions 84x226x100x62x64x99

Property Sub-Type Two to Four Units

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.

Location

State IL

County Lee

Community Park, Curbs, Sidewalks, Street Lights, Street Paved

Zoning OTHER

Rooms

Basement Finished, Exterior Entry, Other, Egress Window, Daylight, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

Garage Spaces 3.0

View Y/N true

Roof Type Asphalt

Building

Lot Description Irregular Lot

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Schools

Elementary Schools Paw Paw Elementary School

Middle Schools Paw Paw Jr/Sr High School

High Schools Indian Creek Middle School

School District 271, 271, 145

Others

Ownership Fee Simple

Special Listing Condition None

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NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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250 Peru Street Paw Paw, IL 61353

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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250 Peru Street