$299,900
PENDING

1818 4th St Peru, IL 61354

Estimated payment $1,839/month

Total Views 8,048
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Dee Barrera

Starved Rock Realty Brokerage Email: starvedrockrealty@comcast.net License #471005546 Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,582

Year Built

  • Built in 1896

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 125.88x35x60.03x25.01x29.26x41.28.42.42

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Rubber Roof
  • Stucco

Interior Spaces

  • 2-Story Property

Unfinished Basement

  • Exterior Basement Entry
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $2,423
  • Insurance Expense $3,334
  • Maintenance Expense $500
  • Trash Expense $1,581
  • Water Sewer Expense $559
  • Operating Expense $8,397
  • Gross Income $56,280
  • Net Operating Income $47,883

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,582

Year Built

Built in 1896

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance,Corridor-Interior Entrance,Other
  • Stories: 2
  • Year Built: 1896
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Contingent
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: starvedrockrealty@comcast.net
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Crawl Space
  • Possible Use: Office, Multi-Family, Retail, Special Use
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Stucco
  • Foundation Details: Brick/Mortar
  • Roof: Rubber
  • Roof Structure: Flat
  • Misc Outside: Enclosed Porch,Enclosed Stairs,Fire Escape,Accessible Entrance,Security Lighting,Sun Deck

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Electric,Baseboard

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1581
  • Water Sewer Expenses: 559

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 125.88x35x60.03x25.01x29.26x41.28.42.42
  • Lot Size Sq Ft: 6534

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 5
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Smoke/Alarm Detector

Multi Family

  • Net Operating Income: 47883
  • Insurance Expense: 3334
  • ElectricExpense: 2423
  • GrossIncome: 56280
  • Maintenance Expense: 500
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 8397
  • Type Multi-Family: Corridor-Exterior Entrance,Corridor-Interior Entrance,Other

Tax Info

  • Tax Annual Amount: 3582
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2026 02/23/26 Off Market $299,900 -- --
02/18/2026 02/18/26 Pending -- -- --
11/24/2025 11/24/25 For Sale $299,900 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $134,000 None Available
Source: Public Records

About the Listing Agent

Dee Barrera

Starved Rock Realty

(779) 999-4607

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Source: Midwest Real Estate Data (MRED)

MLS Number: 12521562

Midwest Real Estate Data (MRED)

APN: 17-17-436003

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