306-310 Lincoln Street, Elwood, IL 60421

• 2 beds |
• 1 bath |
• 857 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

April 3, 2026 at 7:18AM

Listing Office:

Keller Williams Infinity : 630-608-7400

Listing Agent:

Heather Schmidt : 630-608-7400

MLS ID:

12568661

Interior

• Rooms: No additional rooms
• Dining: None
• Basement: Crawl Space
• A/C: Central Air
• Heating: Natural GasForced Air
• Disability Feature: None

Exterior

• Style: Bungalow
• Other Structures: Second Residence
• Parking: Off StreetDrivewayYesOtherParking spaces: 4

Construction

• General: 1 Story

Location

• HOA Amenities: CurbsSidewalksStreet PavedNot Applicable
• Originating MLS: mred
• School District: 203
• County: Will

Lot

• Zoning: 1011291300150000

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Fee Simple