There are both pros and cons to purchasing real estate in the city of Glenwood, Illinois.

Pros:
- Glenwood provides suburban living with easy commuting distance to both Chicago and Indiana, making it an attractive location for those who work in either of these areas.
- The city offers a variety of housing options from single-family homes to townhouses and condominiums.
- Glenwood has a low crime rate and a safe living environment for families.
- The cost of living in Glenwood is lower than in many nearby suburbs, which can be attractive to people looking for affordable housing.

Cons:
- Property taxes in Glenwood are high compared to many other areas, which can make homeownership more expensive in the long run.
- While Glenwood has a good school district, there are some schools in the area that have lower test scores than the state average.
- Depending on the location, some areas of Glenwood may be prone to flooding.
- The city is relatively small, which may not appeal to those who prefer a more bustling, urban environment.

Overall, Glenwood can be a great place to purchase real estate, but it's important to carefully consider the pros and cons and determine whether it's the right location for you and your family's needs.