Active
306-310 Lincoln Street
Elwood, IL 60421
$315,000
2beds
1bath
857sqft
0.37acres
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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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential
Year built1950
Lot size0.37 acres
Architectural styleBungalow
Annual tax$3,060
CountyWill
MLS #MRD12568661
Days on market7
Schools
ElementaryElwood C C School
Middle / JuniorElwood C C School
High schoolJoliet Central High School
Features
Heating
Natural GasForced Air
Cooling
Central Air
Parking
Off StreetDrivewayYesOther
Construction
Aluminum Siding
Lot features
Corner Lot
Sewer
Public Sewer
Listed by
Keller Williams Infinity
Heather Schmidt · 630-608-7400
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 3/12/2026, 5:08:13 AM. All data should be independently verified.
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