1 home available
Elwood, IL 60421
NEW 8 hrs ago
$315,000
2beds
1bath
857sqft
0.37acres
House for Sale
Elwood, IL 60421
Listing by: Keller Williams Infinity
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6655 Main St., Downers Grove, IL 60516
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Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
NEW 8 hrs ago
$315,000
2beds
1full,–half bath
857sqft
0.37acres
Elwood, IL 60421
House for Sale by Heather Schmidt, Keller Williams Infinity.
Data checked -. Listing last updated 7 hours ago.
- Overview
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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.
Internet Serviceability
Details
Property type
Residential
Year built
1950
Heating
Natural Gas, Forced Air
Cooling
Central Air
Total rooms
4
Garage
No
Parking spots
4
MRD12568661
MLS ID
Active
Status
03-06-2026
On market date
Laundry features
–
Fireplace
No
Pets allowed
Architectural Style
Bungalow
Basement
Crawl Space
Interior features
–
Exterior features
–
Lot features
Corner Lot
Appliances included
–
Construction materials
Aluminum Siding
Monthly taxes
$255
Yearly taxes
$3,060
School district
Elwood C C Sch Dist 203, District 204
Schools
Elwood C C School, Joliet Central High School
Senior community
No
Common Charges
-
Maintenance
-
Additional Fees
-
HOA Fees Include
None
Open Houses
In-Person
No upcoming in-person open houses
VirtualNo upcoming virtual open houses
Contact Agent
Location
Corner of S Lincoln and W South
For Sale Nearby
No nearby homes are For Sale Nearby.
Recently Sold
No nearby homes have been Recently Sold.
Elwood, IL 60421, is a 2 bedroom, 1 bathroom, 857 sqft. Single Family Residence built in 1950.
This property is currently available for sale and was listed on Mainstreet REALTORS® on 3-6-2026.
The MLS# for this Single Family Residence is MLS# MRD12568661.
Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Copyright ©2026 Mainstreet REALTORS®