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306-310 Lincoln Street, 
Elwood, IL 60421

$315,000

2

Beds

1

Bath

857

Sq Ft

Single Family

Active

Listed by

Heather Schmidt

Keller Williams Infinity

Last updated:

March 19, 2026, 10:56 AM

MLS#

12568661

Source:

MLSNI

About This Home

306-310 Lincoln Street

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.

Home Facts

Single Family

1 Bath

2 Bedrooms

Built in 1950

Price Summary

315,000

$367 per Sq. Ft.

MLS #:

12568661

Last Updated:

March 19, 2026, 10:56 AM

Added:

19 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

857 Sq. Ft.

Structure

Structure

Architectural Style:

Bungalow

Building Area:

857 Sq. Ft.

Year Built:

1950

Lot

Lot Size (Sq. Ft):

16,117

Finances & Disclosures

Finances

Price:

$315,000

Price per Sq. Ft:

$367 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.