Listing provided courtesy of Compass Indiana, LLCMLS# MBR22078903MLS Provider
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Opportunity awaits with this fixer-upper in Cicero, ideal for a first time home buyer, investor, flipper, or buyer looking to renovate and create rental income. Seller is open to upgrade allowances! Set on a nearly half-acre lot, this property offers strong value-add potential both inside and out. The home features a main-floor bedroom, two additional bedrooms upstairs, two full bathrooms on the main level, and a full basement that provides additional space for storage, mechanicals, or future finishing. With the right vision and updates, this property could be a great long-term rental, resale project, or owner-occupied investment. Adding to the opportunity, the property is zoned NC - Neighborhood Commercial, offering flexibility beyond residential use. In addition to continued residential or rental use, the zoning may allow for certain neighborhood-serving business uses, subject to town approvals and requirements. Conveniently located just minutes from the heart of Cicero and Morse Lake, you'll enjoy easy access to local shops, dining, and lake amenities while still benefiting from a spacious lot. Bring your ideas and unlock the potential of this value-add opportunity in desirable Cicero. Buyer to verify permitted uses and approvals.

Source: MIBOR, MLS#: MBR22078903

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  • Property Type
    Residential
  • Lot
    0.46 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 800 N Peru Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/8/2026Source: MIBOR Status Change
Pending
6/8/2026Source: MIBOR Status Change
Pending
5/27/2026Source: MIBOR Price Reduction
$224,900 -4.3%
5/27/2026Source: MIBOR Price Reduction
$224,900 -4.3%
4/17/2026Source: MIBOR Price Reduction
$234,900 -2.1%
4/17/2026Source: MIBOR Price Reduction
$234,900 -2.1%
2/16/2026Source: MIBOR Price Reduction
$239,900 -7.7%
2/16/2026Source: MIBOR Price Reduction
$239,900 -7.7%
1/28/2026Source: MIBOR Added to Database
January 28, 2026
1/28/2026Source: MIBOR Added to Database
January 28, 2026