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$299,900 Contingent
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Property Description
Limited only by your imagination - this Multi Use building has 5 fully rented apartments plus large commercial space on the main level - too many updates to list, including commercial grade electrical throughout the whole building, also 6 newer hot water heaters. Many updates including most kitchens & bathrooms. The majority of them is residential flooring, lighting, deck, and outside staircase. On the main level there are 2 large bathrooms, one men/one women perfect for commerical use. Also an extra kitchen & reception area with cash register. There are 2 separate basements; Unit # 4 is a 3 bedroom, one bath with an outside exit and newer deck. Units #1,& #2 are one bedrooms 1 bath; unit #3 #5 are 2 bedrooms 1 bath. Whole building has a lot of closets and lots of egress throughout - tenants responsible for electric on 4 units and 1 apartment is metered with commercial space - this has GREAT rental history-- Cap rate of 16% without any income from main level. This is a must see. Call listing broker for more information. Per the tax rolls, the building is 3450 sq ft.
Full Property Details
Full Property Details for 1818 4th St
General
- Price: $299,900
- HOA FEE: $500
- Taxes: $3,582 (2024)
- Status: Contingent
- Type: Commercial
- Source: MRED
- MLS ID: 12521562
- Updated: 2/24/2026
- Added to Site: 131 day(s) ago
Interior
- Basement: Unfinished
Location
- Area: Peru
- County: LaSalle
- Driving Directions: from the East, take Rt. 6 to building on the south side
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Electric, Baseboard
Utilities
- Trash: 1581
Structural Information
- Construction: Brick, Stucco
- Exterior Const.: Brick, Stucco
- Basement: Yes
- Basement Desc.: Unfinished, Crawl Space
- Foundation: Brick/Mortar
- Roof: Rubber
- Stories/Levels: 2
- Current Bldg. Use: Multi-Family
- Year Built: 1896
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 1
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 6,534
- Lot Dimensions: 125.88 x 35 x 60.03 x 25.01 x 29.26 x 41.28.42.42
- Potential Use: Office, Multi-Family, Retail, Special Use
Financial Considerations
- Maint. Fee: $500
- Insurance Fee: $3,334
- Operating Expenses: $8,397
- Assessment Year: 1896
- Tax Amount: $3,582
- Tax Year: 2024
- Tenant Pays: Electricity
- Pays Electric: 2423
- Pays Trash: 1581
Disclosures and Reports
- Property ID: 1717436003
Listed by Starved Rock Realty
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Schools
Schools serving 1818 4th St
School Districts:Peru Elementary School District 124, Lasalle-Peru Township High School District 120
| Name | Grades | Distance |
|---|---|---|
Northview Elementary School, Peru, IL 2100 Plum Street, Peru, IL 61354 | PK-4 | 0.9 mi |
Parkside Middle School 1800 Church Street, Peru, IL 61354 | 5-8 | 0.9 mi |
La Salle-Peru Twp High School 541 Chartres Street, La Salle, IL 61301 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1818 4th St
Date
Details
Price
Change
Source
11/24/2025
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1818 4th St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,582
-1%
$45,930
—
2023
$3,635
100%
$45,930
6%
2022
-100%
$43,330
—
2021
$3,492
1%
$43,330
—
2020
$3,463
—
$43,330
—
2019
$3,467
1%
$43,330
—
2017
$3,435
-1%
$43,330
—
2016
$3,456
—
$43,330
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1818 4th St
1818 4th Street, Peru, IL 61354 (MLS# 12521562) is a Commercial property. 1818 4th Street is currently listed for $299,900 and was received on November 24, 2025. Want to learn more about 1818 4th Street? Do you have questions about finding other Commercial real estate for sale in Peru? You can browse all Peru real estate or contact a Coldwell Banker agent to request more information.

