237 Peru Street

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237 Peru Street

Paw Paw, IL 61353
Asking Price
$75K
Asset Type
Apartment Building Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 1.56 acres of land for development
  • Property is listed for sale at 75000 dollars
  • Site is zoned for apartment building development projects
  • Located on Peru Street in Paw Paw Illinois
  • Asset provides a blank canvas for multi-family construction

What's Special

Paw Paw serves as a quiet rural community within the broader Illinois landscape, offering a stable environment for new development initiatives. This 1.56-acre parcel located at 237 Peru Street presents a straightforward land acquisition for investors or developers interested in the residential sector. Given the designated apartment building sub-type, the site is positioned for multi-family construction projects intended to serve the local housing demand. Access to the property is supported by its strategic placement within the village, allowing for convenient integration into the existing residential fabric. Whether planning for a smaller complex or a more expansive residential layout, this land provides the necessary footprint for developers to execute their project vision while capitalizing on the manageable cost of entry. The site is suited for those seeking to expand their portfolio through new construction rather than renovation, offering a blank slate in a market that prioritizes functional and accessible living spaces.

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NOI
$80,000
Cap Rate
106.67%
DSCR
17.97
Strong
Cash-on-Cash
335.77%
Monthly Payment
$371.059
Annual Cash Flow
$75,547.291

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