Elwood IL Real Estate & Homes for Sale

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 $1950 and 306 available for rent for $1950 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.

Private 10 acre estate. 1 of a kind property w/home plus 80x60 custom out building. Main floor offers master suite & private office Features soaring c-lings ~8ft raised panel solid HW doors. All windows have wood blinds & fabric. Upstairs - 3BR/2BA PLUS bonus room. Finished basement incl *Theatre (equip stays) & Bar all w/heated tile floors. Entertain in style! Gorgeous brick patio land&lightscaping /HUGE outbldg has 3 OH doors perfect for large equip or toys. Complete home entertainment system with video and audio remote controls, Indoor and outdoor stereo speakers, true home theatre with projector and 10 ft roll down screen, full large wet bar with back cabinets and overhead and Accent lighting. Out building: 60ft X 80ft X 12ft eave, 3 overhead doors, 2 pedestrian doors. Steel primary framing, wood secondary framing, metal clad roof and walls, silicone White reflective roof coating, liner panels on ceiling, plywood walls, R 20 insulated, LED lighting, water and septic, filtration and booster pump, 200A electric service. Air compressor, welder receptacles, storage mezzanine, work bench with storage, Partitioned, concrete floors, water filtration and booster pump. Flag pole with night lighting, vegetation accent well lights, walkway lighting, Pathway lighting, security lighting. All exterior lighting either photocell or timer Controlled. Appliances: Double oven, island cook top with exhaust, refrigerator, microwave, washer, dryer (front load) additional refrigerator in lower level, wine cooler and refrigerator at wet bar lower level. Attached 3 car plus garage with tiled floor, kitchen style cabinets, and deep sink. Fireplaces: Living room and family room (natural and gas log) Heat/fuel: Natural Gas, two furnaces and air conditioners, hot water generator and radiant floors in lower level and attached garage Lot Description: Paver brick walkways, multi level paver brick patio with hammock and swing stand, flower beds all around the home and remote in yard, mature landscaping. Sewer: septic system Water: well dual service, home and out building, whole house filtration, pressure booster, saltless softener. Electric service: 400A, 200A to home, 200A to out building, 36KW (150A) backup generator, separately housed with automatic transfer switches. Property is contiguous to large wetland (permanently undevelopable) with an Abundance of wildlife including deer, rabbits, squirrels, birds, etc. etc., Sharp Road dead ends at this property, no through traffic. Crop lease in effect for 6.5 acres of the ten acre parcel, rotating corn and Beans annually. Recent Improvements: New roof, 20 year, 120MPH wind rated, architectural shingle, Sept. 17.2013 New well, 20GPM installed 5.20.21 Recently painted trim work. New aluminum patio room 2020 Water: Must be seen to be fully appreciated. Meticulously maintained and in excellent condition.. Property will be shown by appointment only to qualified buyers. Too Much to Mention!! Pre approval loan letters are required with any offer Occupancy will be at closing and schedules can be discussed following an acceptable offer. Call for private tour.

This beautiful new construction Ranch offering an open-concept design perfect for modern living * This spacious home features 3 bedrooms & 2.5 Baths * Highlighted by a bright and airy layout for both everyday comfort and entertaining * The kitchen includes beautiful White Cabinetry for a timeless appeal, Under Cabinet lighting and Stainless Steel appliances * The Master Bedroom boasts of a Design Ceiling and an Accent wall * White Trim package throughout the home for a clean, timeless look * Office has Panel Molding with a design Ceiling * Situated on a large lot there's plenty of outdoor space with a maintenance free 12x12 deck to enjoy * A 3 car garage provides ample room for vehicles, storage or hobbies * Laundry Room and Mud room is a combination * Thoughtfully designed with quality finishes * This home combines functionality and elegance in every detail * Sod will be included in the Front and Side yards, seed in the Back yard * Make your appointment now don't miss out *

Experience peaceful living in this solid all-brick ranch home situated on a private half-acre wooded lot at the end of a quiet cul-de-sac. Overlooking a scenic pond, this property offers a rare combination of privacy and natural beauty. Inside, you'll find 3 bedrooms, 2 full bathrooms, a spacious family room, central air, newer carpeting. Enjoy morning coffee or evening sunsets from the oversized deck with tranquil water views. A large storage shed provides additional space for tools, equipment, or hobbies. Offered as an estate sale, this property presents an excellent opportunity to make it your own in a highly desirable location.

Better than new construction on a private wooded estate. Why build when you can own a custom estate filled with upgrades and craftsmanship rarely found in today's builds? Homes with this level of design, land, and amenities are increasingly difficult to find, making this property a truly unique opportunity. Situated on approximately .8 acres of wooded property with beautiful water views and creek access, this stunning custom-built home offers over 6,500 square feet of finished living space including a full walk-out basement designed for potential related living. This exceptional home features 5 bedrooms and 4.5 bathrooms with quality craftsmanship throughout. From the moment you enter, you are greeted by dramatic vaulted ceilings and stunning reclaimed solid wood beams sourced from a historic Chicago warehouse, creating a truly one-of-a-kind architectural centerpiece in the great room. The space is anchored by a beautiful stone fireplace with reclaimed timber mantle. White oak flooring runs throughout the main level and the home features custom millwork, solid wood doors, 5-inch baseboards, and Andersen windows throughout. The chef's kitchen was designed for both everyday living and entertaining and features custom cabinetry, granite countertops, custom range hood, full-size built-in garbage and recycling, KitchenAid dual dishwashers, KitchenAid double convection wall ovens, KitchenAid beverage refrigerator, and a professional Frigidaire full-size refrigerator and freezer. The kitchen also includes a custom walk-in pantry with reclaimed Elwood farmhouse door, pull-out storage drawers, appliance storage, and microwave area. Reverse osmosis water system and central vacuum system add additional convenience. The primary suite offers a peaceful retreat with tray ceilings, his and hers closets, and a spa-inspired marble bathroom featuring heated floors, dual vanity, and a walk-in shower with built-in bench. Luxury comfort continues throughout the home with heated floors in the basement, garage, and all bathrooms. The walk-out lower level offers incredible flexibility with radiant heated flooring, a 5th bedroom or office, full bathroom, partial kitchen, and second laundry area, making it ideal for related living, guests, or extended entertaining space. Outdoor living feels like a private resort. The property features a custom heated pool installed in 2019 with Pentair EasyTouch automated control system, LED color-changing lighting, fountains, diving board, and remote operation. The pool currently operates with chlorine but can easily be converted to saltwater. The backyard also features a covered pool patio, covered rear porch and balcony overlooking the wooded property, and a fenced pool area. An invisible electric dog fence surrounds the entire property. Creek access along the property provides peaceful water views and opportunities for outdoor enjoyment. The garage setup is ideal for car enthusiasts with a 3-car side-load heated garage featuring built-in floor drains, hot and cold water, WiFi-enabled garage door openers, and wiring for an electric vehicle charger. An additional 1-car rear garage provides extra storage or workshop space. Major mechanical upgrades include two American Standard high-efficiency HVAC systems, tankless water heater and boiler system, Aprilaire whole-home humidifiers, upgraded 2x6 construction with blown-in insulation, and a 10-inch thick foundation with 9-foot basement ceilings. Additional highlights include central vacuum, wiring for a hot tub, Pentair pool automation system, lower property taxes, and no HOA. A rare opportunity to own a luxury custom home offering space, privacy, craftsmanship, and resort-style amenities.

RELOCATING Sellers REDUCED PRICE, BELOW Recent APPRAISED VALUE!!! 4,500 Total SQ FT of Outstanding Value & Construction!! 3,300 SQ FT stylish, traditional home with additional NEWLY Finished, Walkout Basement!! The 1,500 SQ FT Lower Level, PRIVATE SUITE boasts a modern open-concept lay-out the kitchen gleams w/11 FT quartz island, stylish custom cabinetry, pantry, SS appliance & an adjacent laundry room. This space also offers a master bedroom w/walk-in closet, a 2nd bedroom or office, and full modern bath with double-sized granite shower with seamless glass doors. The light & bright living/dining/kitchen combo show off luxury plank flooring, fireplace & exterior security French door leading to the private patio with relaxing views of the partially wooded grounds. This multi-generational space has endless possibilities, including possible income potential. (Seller will even include all furnishings in lower-level suite.) Take comfort in knowing this basement conversion spared no expense, and ALL work was permitted and completed by licensed contractors. NOT TO BE OUTDONE, the recently updated first and second levels have all the style & quality essentials of a modern home! Separate elegant living and dining rooms provide for intimate gatherings, while the open-concept floor plan flows from the Great Room with its cathedral ceiling & fireplace to the gorgeous kitchen and a second dining space linked by 9 ft ceilings, professionally refinished hardwood flooring, warm custom-cherry cabinetry, 8 ft granite island & counter tops. Making a great place to gather together! Meal prep is made easier with all NEW SS THERMADOR appliances, including a 5-burner chef's gas range, high-end refrigerator, microwave & dishwasher. Even the connecting laundry room has been updated with brand NEW Whirlpool washer & dryer. Don't miss the NEW 16 x 16 TREX custom decking and NEW mounted 13 x 13 canopy umbrella, giving you one more place to entertain and enjoy the countryside views. Upstairs you'll find a spacious master suite with coffered ceiling, 2 walk-in closets and a four-piece bath with whirlpool tub. Three more generous sized bedrooms, a loft space, and another full bath complete this floor. The 3-car garage has been finished & heated, providing extra storage, plus an outlet electric vehicle! Outside you will find the NEW concrete sidewalk leading to the NEW EVERLAST 12 x 9 storage shed & NEW GENERAC heavy-duty whole house generator. This winding sidewalk continues to the private, walk-out basement patio. Along the way, enjoy the professional landscaping and homeowner's personal touches! More recent updates & upgrades include NEW ENERGY STAR windows throughout, NEW ENERGY STAR exterior doors, NEW KARASTAN carpeting, NEW professionally installed insulation, fresh NEW paint throughout, NEW light fixtures, ceiling fans & can lighting, NEW bedroom blinds, NEW AC unit & NEW computerized alternating sump pumps. Just over 3/4 of a partially wooded lot w/winding creek in the very desirable Wooded Cove Subdivision, with NO HOA! Minutes from RT 53 & I-55. Words alone cannot adequately describe this amazing property. See ADDITIONAL NOTES for Property Updates. YOU MUST SEE IT, TO BELIEVE IT!

39.29 AC of land zoned A-1 in Will County, Illinois.

Excellent Commercial / Industrial land opportunity within a half mile of the New Houbolt Road Bridge Extension and in very close proximity to the BNSF, UP and CN Railway Terminals. This property's key feature is its prime location in the middle of the CenterPoint Intermodal Center Corridor. The property consists of two parcels totaling approximately 27+ acres with over 960 feet of road frontage along Houbolt Rd. This is part of the CenterPoint Intermodal Heavy Haul Corridor also know as "inside the fence". Properties "inside the fence" have no weight limits for heavy haul trucks going to and from the Intermodal Rail Terminals and other nearby Truck Terminals. Most of this Heavy Industrial Zoned area is riddled with the obstruction of Underground Pipeline Utilities. One of the key features of this property is that it is one of the only parcels available that is completely pipeline free and ready for quick and easy development. There is currently a 2 story home and 2.94 acre pond on the property that the owner put in for recreation. The pond can be filled in should the new owner desire to do so. The Commercial potential of this property is immeasurable due to it's prime location. It is an approximate five minute drive time from Interstate 80 and less than ten minute drive time from Interstate 55. This prime location makes this property a great opportunity for logistics, warehousing, truck and trailer maintenance/repair services, etc. This property is surrounded by adjacent parcels already zoned Heavy Industrial in Joliet that are quickly being developed. Act soon while it is still available for your next development project.

Just shy of 5 acres with frontage on Rt 53 in Elwood. This land sits right on a highly visible curve south of Manhattan Rd on Route 53. Currently zoned A-1. Minutes to Autobahn, Chicagoland Speedway, interstates 80 & 55, ExxonMobile and downtown Elwood.