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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.
| DAYS ON MARKET | 31 | LAST UPDATED | 2/13/2026 |
|---|---|---|---|
| YEAR BUILT | 1950 | COMMUNITY | Elwood |
| COUNTY | Will | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Joliet Central High School |
|---|---|
| Elementary School | Elwood C C School |
| Jr. High School | Elwood C C School |
| High School | Joliet Central High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Elwood |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.37 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 156 x 103 |
| PARKING | Off Street, Driveway, Other |
| SEWER | Public Sewer |
| STYLE | Bungalow |
| TAXES | 3060 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Keller Williams Infinity
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Copyright 2026 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2026.