Residential

Elwood, IL Residential Land & Home Lots for Sale

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Residential Land in Elwood, IL
Updated: Mar 28, 2025
Residential Land in Elwood, IL

966 Arrowhead Drive lot: 264, Elwood, IL 60421

$40,000
Location coordinates provided (-88.10841, 41.422653).
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Scenic Wooded Residential Lot
Updated: May 1, 2025
Scenic Wooded Residential Lot

109 Creekside Drive, Elwood, IL 60421

$44,500
Half‑acre wooded walk‑out lot in the Meadowbrook subdivision
Utilities already on site
Views of Jackson Creek
Privacy with no neighbors behind the property
Interstate 80 and I‑55 are closely accessible
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Residential Land Lot
Residential Land Lot

966 Arrowhead Drive, Elwood, IL 60421

$40,000

Residential home lot offered for sale at 966 Arrowhead Drive in Elwood, IL 60421.

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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Elwood, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

10 Acres in Downtown Manhattan
10 Acres in Downtown Manhattan

W Waterford Lane, Manhattan, IL 60442

$600,000
10.00 AC lot

10 acres of land zoned for duplex units.

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Improved Residential Lot Development Land
Improved Residential Lot Development Land

15734 West Crobally Way, Manhattan, IL 60442

Contact for pricing
23.00 AC lot

Development includes 140 improved residential lots, currently on hold, with village motivation to work with developers.

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Land, Joliet, IL
Land, Joliet, IL

47 International Way, Joliet, IL 60436

$42,000

Land

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Land, Joliet, IL
Land, Joliet, IL

Vacant Chippewa Street, Joliet, IL 60433

Contact for pricing
0.14 AC lot

Land · 0.14 Acres

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Elwood, IL Residential Land & Home Lots Market Trends and Statistics

Explore 3 residential land & home lots for sale in Elwood, IL, showcased through 3 active listings on our real estate platform.

Sale prices for home sites in Elwood, IL start at $40,000, averaging $41,500, and reaching up to $44,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Industrial land 9
Commercial land 8
Residential land & home lots 3

Demographics Overview

Population 3,786
Population Growth (5Y) -1.5%
Median Household Income $101,818
College Educated 25.8%

High-Yield Neighborhoods for Investment

Identify Elwood submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
60421 $40K

Taxes & Financing

Tax Rate (average for all types) 9.04%
Property Tax per SF $57.13 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Will County

New Delisted

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