310-306-310 S Lincoln St, Elwood, IL

Name: 310 - 306-310 S Lincoln St, Other in Elwood - Zoocasa
Brand: Avenue Properties Chicago
SKU: 12699018
Price: 300000 USD

House

Other

Listed price in listed location currency (USD).

$300,000

424

MLS® 12699018

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size -

Garage No

Taxes $3,331

Days Active 75

Lot Size 0.3700000047683716 Acres

Approx. Age

MLS® Number 12699018

Property Address: 310-306-310 S Lincoln St, Elwood, IL, 60421-6066

Average square foot calculated using Size range provided by listing agent.

Description

Rare opportunity to own a unique income-producing property featuring two separate homes situated on one oversized lot in the growing community of Elwood, Illinois. - 310 available for rent $11875 and 306 is rented for $1875 as well All utilities and internet included. Previously tenant occupied with monthly rents totaling approximately $3, 650, this versatile property presents an excellent opportunity for investors, multi-generational living, or owner-occupants looking to generate additional rental income. Both residences offer separate living spaces with endless possibilities for long-term rentals, related living arrangements, or future value-add potential. The expansive lot provides additional outdoor space, parking flexibility, storage opportunities, and room to further enhance the property over time. Whether you are an experienced investor looking to expand your portfolio or a buyer searching for a property with built-in income potential, this is a rare chance to secure a high-demand asset in a steadily developing market. Located in the heart of Elwood, this property offers the charm of small-town living while still providing convenient access to major transportation routes including I-55, Route 53, and nearby intermodal and logistics hubs that continue to fuel job growth throughout the area. Elwood has become increasingly attractive due to its proximity to Joliet, strong industrial employment centers, and continued economic development while still maintaining a quieter residential atmosphere. Residents enjoy nearby parks, local restaurants, schools, shopping, and quick access to surrounding suburbs. The property is also positioned near the CenterPoint Intermodal Center, one of the largest inland ports in North America, bringing continued employment opportunities and long-term growth potential to the surrounding area. With increasing demand for rental housing in Will County and strong commuter accessibility, this property offers both immediate cash flow potential and long-term upside. Whether you choose to rent both homes, live in one while leasing the other, or hold as a long-term investment, opportunities like this are difficult to find. Property is being sold as-is. Buyer and buyer's agent to verify all information including zoning, room sizes, rental income, and intended use.

MLS® Number12699018

Laundry Level

Central VacNo

FireplaceNo

Acreage0.37

Exterior

GarageNo

Approx. Age

BasementNone

DrivewayYes, Owned

Garage Spaces

HeatNatural Gas, Forced Air

A/CNone

Extras

Rooms

Change to metres

Kitchen:Main Floor12 × 15 ft

Bedroom 2:Main Floor12 × 8 ft

Bedroom 3:Main Floor9 × 12 ft

Bedroom 4:Main Floor12 × 12 ft

Living Room:Main Floor12 × 15 ft

Master Bedroom:Main Floor12 × 12 ft

Map

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