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306-310 Lincoln Street, Elwood, IL 60421

$315,000
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  • 306-310 Lincoln Street, Elwood, IL 60421 Main Photo

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BEDS2 BATHS1 full SQUARE FEET857 MLS#12568661
STATUSActive PROPERTY TYPEResidential - Single Family SCHOOLDistrict 204
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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.

306-310 Lincoln Street | MLS# 12568661

This single family home located at 306-310 Lincoln Street, Elwood, IL 60421 is currently listed for sale with an asking price of $315,000. This property was built in 1950 and has 2 bedrooms and 1 full baths with 857 sq. ft. 306-310 Lincoln Street is located within the District 204 school district. Search Elwood real estate on dwilder.bhhscrosby.com today.

Property Features

Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Central Air
Heating: Natural Gas, Forced Air
Home Style: Bungalow
Lot Size: 0.37 Acres
Taxes: $3,060
Year Built: 1950

Feature Descriptions

Additional rooms: No additional rooms
Additional Structures: Second Residence
Association Includes: None
Dining Room: None
Exterior: Aluminum Siding
Lot: Corner Lot
Lot Dimensions: 156 x 103
Parcel#: 1011291300150000
Parking: Off Street, Driveway, Yes, Other
Sewer: Public Sewer
Total Rooms: 4
Township: Jackson
Water: Public

Room Sizes

Bedroom 2: 11X8
Kitchen: 12X10
Laundry: 11X9
Living Room: 15X12
Primary Bedroom: 11X9

Local Schools

High School: Joliet Central High School
Middle School: Elwood C C School
Elementary School: Elwood C C School
School District: District 204

Listed By / Shown By

Listed By

Agency Name: Keller Williams Infinity
Agency Phone: 815-267-1158

Shown By

Agent Name: System Administrator
Agent Phone: (815) 397-4040
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate

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Estimated Payment

$ 1,047.93 per month $701.05 Principal & Interest $255.00 Property Tax $91.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/17/2026. The listing information on this page last changed on 04/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 04/17/2026 12:04:30 AM EST) or MRED MLS (last updated Thu 04/16/2026 11:57:57 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 04/16/2026 10:16:31 PM EST) or Northern Illinois Commercial Association Realtors (last updated Thu 04/16/2026 2:10:13 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Crosby Starck Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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