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Available
$315,000

Elwood, IL 60421(Will County)

Size: 0.37 Acres
Type: House
Home: 2 beds - 1 full bath - 857 Sq Ft

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SINGLE_FAMILY - Bungalow - Elwood, IL

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.

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Source: ListHub, MLS# 12568661
Listing status: Active
Listing last updated: February 18, 2026 at 8:36 PM
Listing last checked: February 19, 2026 at 4:30 AM
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