Mixed-Use Building With
For Sale
$299,900
1818 4th Street, Peru, IL 61354
Five leased apartments accompany a commercial floor with dedicated restrooms, reception space, and a secondary kitchen.
Property Size6,534 SF
Price / SF$45.90
Days on Market297
Property Features for 1818 4th Street
General Information
Standard status
Active
Size
6,534 SF
Property subtype
Multi Family 5+ / Corridor-Exterior Entrance
Occupancy
100%
Net Operating Income
$47,883
Units
Unit Mix
1 x 3BR/1BA, 2 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
5
Additional Details
Cap Rate
16%
Taxes and HOA fees
Annual Taxes
$3,582
Building Details
Year Built
1896
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Starved Rock Realty
(815) 667-9990
Listed By:
Delores Barrera · License #471005546
(815) 667-9990
Source:
Compass
Added: Nov 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Starved Rock Realty
Investment Insights
Based on property information with market context.
This mixed-use building combines five rented apartments with a commercial area occupying the main level. The residential unit mix includes two one-bedroom apartments, two two-bedroom apartments, and one three-bedroom apartment. Most kitchens and bathrooms have been updated, along with residential flooring, lighting, a deck, and an exterior stairway. The building also includes two separate basements, substantial closet space, and multiple egress points.
The commercial portion has separate men’s and women’s restrooms, an additional kitchen, a reception area, and a cash register. Commercial-grade electrical service extends throughout the building, and six newer hot water heaters are in place. Electrical responsibility is separately assigned to four apartments, while one apartment shares metering with the commercial area. Located at 1818 4th Street in Peru, IL, the property dates to 1896 and reports a 16% cap rate before including income from the main level.
The commercial portion has separate men’s and women’s restrooms, an additional kitchen, a reception area, and a cash register. Commercial-grade electrical service extends throughout the building, and six newer hot water heaters are in place. Electrical responsibility is separately assigned to four apartments, while one apartment shares metering with the commercial area. Located at 1818 4th Street in Peru, IL, the property dates to 1896 and reports a 16% cap rate before including income from the main level.
Key Highlights
- Five fully rented apartments: two one‑bedroom, two two‑bedroom, and one three‑bedroom units
- Main‑level commercial area with separate men’s and women’s bathrooms
- Commercial‑grade electrical service throughout the building
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 61354, IL
10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five leased apartments accompany a commercial floor with dedicated restrooms, reception space, and a secondary kitchen.
Where is this mixed-use property located?
The property is located at 1818 4th Street Peru, IL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Five fully rented apartments: two one‑bedroom, two two‑bedroom, and one three‑bedroom units; Main‑level commercial area with separate men’s and women’s bathrooms; Commercial‑grade electrical service throughout the building
