Elwood, Illinois, is a charming village located in Will County, about 50 miles southwest of Chicago. Known for its small-town atmosphere, Elwood offers a peaceful retreat with a population of around 2,200 residents. The village is home to the Abraham Lincoln National Cemetery, a significant site honoring veterans, and is near the Midewin National Tallgrass Prairie, a unique natural preserve. Elwood’s community thrives on local events, like the annual Elwood Festival, fostering a strong sense of togetherness. With its proximity to major highways and industrial centers, Elwood balances rural tranquility with economic opportunity, making it a hidden gem in Illinois.

Elwood currently has 7 single family homes for sale with an average list price of $504,842.86, 2 townhouses for sale with an average list price of $293,750, 1 condo for sale with a list price of $285,000, and 15 lots for sale with an average list price of $2,351,993.33. The average annual property tax for Elwood is $5,087.71.