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$300,000
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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
- Sold For: $300,000
- Taxes: $3,582 (2024)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12521562
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
Structural Information
- Construction: Brick, Stucco
- Exterior Const.: Brick, Stucco
- 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
- Operating Expenses: $8,397
- Assessment Year: 1896
- Tax Amount: $3,582
- Tax Year: 2024
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 1717436003
Listed and Sold 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.
1818 4th Street, Peru, IL 61354 (MLS# 12521562) is a Commercial property that was sold at $300,000 on April 15, 2026. 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.

