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306-310 Lincoln Street, Elwood, IL 60421

Elwood
Local realty services provided by:CENTURY 21 Affiliated
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.

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Home facts

  • Year built:1950
  • Listing ID #:12568661
  • Updated:April 22, 2026 at 10:55 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
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