The external and internal factors in the tree development process affect wooden structures and properties. They depend on, for example, a plant species, its age, part and growth conditions. The present study investigated the chemical structure and physical properties of the common urban tree species: small-leaved lime (Tilia cordata Mill.). The properties of trees growing in an urban agglomeration, by a roadside and in a forest, i.e., areas varying in degrees of an environmental stress impact, were compared. Tree-ring width and density, selected hygroscopic properties (sorption hysteresis and isotherms), wood chemical content (percentage content of: holocellulose, cellulose, pentosanes, lignin and substances soluble in 1% NaOH and EtOH) as well as the content of selected chemical elements (Fe, Zn, Cu, Pb, Cd, K, Na, Mg and Ca) were studied. The analysis of the case shows no impact of the environmental stress on the growth patterns characterized by ring width index (RWI). Two-factor analysis of variance (ANOVA) revealed impact significance of growth environment and cambial age on the content of each of the investigated components and chemical elements. There was a relationship demonstrated that for a tree growing in an agglomeration with the highest environmental stress the content of cellulose and lignin was the lowest, whereas the content of substances soluble in NaOH and EtOH was the highest. For mature wood growing under the same conditions, the results corresponded to the highest Zn, Cu, K, Na, Mg and Ca content. It was also shown that the environmental stress affected hygroscopicity which was the consequence of chemical component percentage content. The research proved that Tilia cordata Mill. responded to environmental stress with alternations in its chemical or/and physical properties.