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Bungalow · Elwood, IL
$315,000
2 beds · 1 baths · 857 sqft
306-310 Lincoln Street, Elwood, IL, 60421
A brick-and-mortar place to make your own — room to make it home.
Active
What’s special
Central air0.37-acre lot
GREAT CASH FLOW INVESTMENT OPPORTUNITY! Single-family home featuring an additional detached second residence on the same parcel. Each home offers 2 bedrooms and 1 bath with separate utilities and individual driveways. One home is currently rented at $1,600/month (month-to-month) providing immediate income, while the second unit is rent-ready and previously rented for $1,800/month. The 103' x 155' lot has already been approved for subdivision into two approximately 7,500 sq ft parcels with separate addresses in place (buyer to complete process), creating strong long-term upside potential in addition to current cash flow. Property is being sold AS-IS. Cash buyers preferred for a quick closing.
— the listing agent’s description
The home
2 beds
1 baths
857 sqft
Built in 1950
0.37-acre lot
Bungalow
What it’ll cost
$368 / sqft
$3,060 taxes / yr
No HOA
7 days on dwello
Estimated monthly payment
$2,022/mo
Principal & interest$1,675
Property taxes$255
Homeowners insurance$92
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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7 days on dwello
Price history
Listed for sale
Mar 6, 2026
$315,000
Earlier records
Listed
May 26, 2026
$325,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
From county records — verify with the assessor.
Features
Central AirNatural GasForced AirAluminum SidingPublic SewerOff StreetDriveway
Schools
Elementary — Elwood C C School
Middle — Elwood C C School
High — Joliet Central High School
Assigned schools per the listing — always verify enrollment + boundaries with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing data
Listed by Heather Schmidt · Keller Williams Infinity
Listing last updated Mar 12, 2026 · data refreshed from the MLS Apr 22, 2026, 1:24 PM CT
Based on information submitted to the MLS GRID as of Apr 22, 2026, 1:24 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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