Sweet c.1900 Four Bedroom Indiana Home For Sale $59,999

Looking for your next investment opportunity? This 4 bedroom home on Peru’s south side offers plenty of potential with several major updates already completed. A spacious 480 square foot addition was added to the rear of the home, creating space for two additional bedrooms and a future second bathroom. The home is currently configured as a 4 bed, 1 bath, with the bathroom addition left unfinished-offering the next owner the opportunity to add value by completing the project. Whether you’re looking for your next flip, rental, or new home, this property is packed with potential.

The Pros

• Extremely Low Cost of Housing: The cost of living is well below the national average. As of 2026, average rents sit around $815 for a one-bedroom apartment, making it highly affordable for families and retirees.

   

• Rich Cultural Heritage & the Circus: Known as the “Circus Capital of the World,” Peru has a fascinating history as the winter home for major legendary circuses. It hosts the famous annual Circus City Festival and is home to the International Circus Hall of Fame.

   

• Quaint, Historic Downtown: The downtown area along Main Street and Broadway features beautiful historic architecture, local eateries, specialty shops, and museums.

   

• Tight-Knit, Quiet Community: With tree-lined streets and a slower pace of life, it offers a classic, peaceful Midwestern small-town vibe.

   

The Cons

• Limited Economic & Job Opportunities: The local job market is somewhat limited, and many residents commute to larger neighboring cities (like Kokomo or Marion) for work.

   

• Fewer Amenities and Nightlife: Being a small town, entertainment, shopping, and dining options are relatively limited compared to larger metropolitan areas.

• Harsh Midwestern Winters: Winters can be freezing, snowy, and overcast, requiring a lot of home maintenance and snow removal.