Sold
Last Sold Price
9 beds
1818 4th St, Peru, IL 61354
Multi FamilyProperty Type
0.15 acresLot Size
1896Year Built

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...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.

    Sold By Starved Rock Realty

    • Listed by: Delores Barrera 815.667.9990 starvedrockrealty@comcast.net • Starved Rock Realty
    Listing closed: 04/15/2026 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 12521562

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    Property Information for 1818 4th Street

    Property Details
    • Taxes: $3,582 / year
    • MLS Type: Multi Family 5+ / Corridor-Exterior Entrance
    • Area: Peru
    • Air Conditioning Type: Window Unit(s)
    Building Information
    • Stories: 2
    • Residences: 5
    • Year Built: 1896
    • Lot Size: 0.15 AC / 6,534 SF
    General Information
    Addtl Parking Information
    • Outdoor Parking: 1-5 Spaces
    Location and General Information
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Basement Type: Unfinished, Crawl Space
    • Air Conditioning: Window Unit(s)
    • Electric: Circuit Breakers
    • # Of Washers: 1
    • Heat/Ventilation: Electric,Baseboard
    • # Of Window/Ac: 4
    • # Of Refrigerators: 6
    • # Of Dryers: 1
    • Num of Baths: 5.0
    Exterior Features
    • Building Unit Info: Smoke/Alarm Detector
    • Misc Outside: Enclosed Porch,Enclosed Stairs,Fire Escape,Accessible Entrance,Security Lighting,Sun Deck
    Property/Lot Information
    • Owners Association: No
    • Tenant Pays: Electricity
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Multi-Family Type: Corridor-Exterior Entrance,Corridor-Interior Entrance,Other
    • Lot Size Source: Other
    • Lot Dimensions: 125.88x35x60.03x25.01x29.26x41.28.42.42
    • Lot Size Square Feet: 6534.0
    • Stories: 2
    • Exterior Building Type: Brick, Stucco
    • Construction: Brick, Stucco
    • Roof Type: Rubber
    • Roof Structure: Flat
    • Foundation Details: Brick/Mortar
    • # Of Ranges: 6
    • MRD_UNC: No
    Property and Assessments
    • Possible Use: Office, Multi-Family, Retail, Special Use
    • Public Document Count: 2
    • Document Date: 2026-01-13T20:12:18
    • Photos Count: 44
    Miscellaneous
    • Current Use: Multi-Family
    • Location: Central Business District
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 5
    Income & Expenses
    • Electric Expense: $2,423.00
    • Fuel Expense: $.00
    • Gross Income: $56,280.00
    • Gross Scheduled Income: $56,280.00
    • Insurance Expense: $3,334.00
    • Maintenance Expense: $500.00
    • Expense Year: 2024
    • Total Annual Expense Source: Actual
    • Janitor Expense: 0
    • Total Monthly Income: 4690
    • Net Operating Income: $47,883.00
    • Operating Expense: $8,397.00
    • Other Expense: $.00
    • Trash Expense: $1,581.00
    • Water Sewer Expense: $559.00
    Unit 1
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 1
    • Unit Type Type: Unit 1
    • Unit Type Units Total: 2
    Unit 2
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 2
    • Unit Type Type: Unit 2
    • Unit Type Units Total: 2
    Unit 3
    • Unit Type Baths Total: 1
    • Unit Type Beds Total: 3
    • Unit Type Type: Unit 3
    • Unit Type Units Total: 1
    Unit 4
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 4
    • Unit Type Units Total: 0
    Unit 5
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 5
    • Unit Type Units Total: 0
    Unit 6
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 6
    • Unit Type Units Total: 0
    Unit 7
    • Unit Type Beds Total: 0
    • Unit Type Type: Unit 7
    • Unit Type Units Total: 0

    Property History for 1818 4th Street

    DateEvent & SourcePriceAppreciation
    Apr 15, 2026

    Sold

    MRED #12521562

    $300,000—
    Apr 5, 2026

    Sold (Public Record)

    Public Record #1936953012

    $300,000

    +4.6% / yr

    Feb 24, 2026

    Contingent

    MRED #12521562

    —
    DateEvent & SourcePrice
    04/15/2026

    Sold

    MRED #12521562

    $300,000
    04/05/2026

    Sold (Public Record)

    Public Record #1936953012

    $300,000

    +4.6% / yr

    02/24/2026

    Contingent

    MRED #12521562

    —

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1818 4th Street

    Taxable ValueLand$7,116Additions$38,814Total$45,930
    Tax Record2025$3,546 ($295 / month)
    Home Facts
    Total Finished SqFt6,900 SqFtAbove Grade Finished SqFt6,900 SqFtLot Size6,534 SqFtStyleMiscellaneous CommercialYear Built1896Year Renovated1896CountyLASALLEAPN17-17-436-003

    Schools near 1818 4th Street

    This home is within Peru Esd 124 School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 4
    Public - 5 to 8
    Public - 9 to 12
    Private - PK to 12
    Rating
    School
    Distance
    Northview Elementary School
    PublicPK to 4

    Parkside Middle School
    Public5 to 8

    La Salle-Peru Twp High School
    Public9 to 12

    Lighted Way Association Inc
    PrivatePK to 12

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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    Listing Courtesy of Starved Rock Realty

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 04/21/2026 03:04 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.