306-310 Lincoln Street, Elwood, IL 60421

Elwood
Local realty services provided by:ERA Naper Realty
306-310 Lincoln Street,Elwood, IL 60421
$315,000
  • 2 Beds
  • 1 Baths
  • 857 sq. ft.
  • Single family
  • Active
Listed by: heather schmidt
Office: keller williams infinity
MLS#:12568661
Source:MLSNI

Price summary

  • Price:$315,000
  • Price per sq. ft.:$367.56

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1950
  • Listing ID #:12568661
  • Added:22 day(s) ago
  • Updated:March 29, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Rooms Total:4
  • Basement:Yes
  • Living area:857 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Year built:1950
  • Building area:857 sq. ft.
  • Lot area:0.37 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Bungalow
  • Levels:1 Story

Schools

  • High school:Joliet Central High School
  • Middle school:Elwood C C School
  • Elementary school:Elwood C C School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$315,000
  • Price per sq. ft.:$367.56
  • Tax amount:$3,060 (2024)

Parking

  • Total parking spaces:4
  • Parking description:Driveway, Off Street
MLS LogoCopyright 2026 Midwest Real Estate Data LLC. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Listing information is deemed reliable but not guaranteed.

New listings near 306-310 Lincoln Street