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Listed by Eugene Abbottof Baird & Warner
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Est. payment /mo
Price Dropped by $25K
308 Washington Avenue Highwood, IL 60040
7 Beds
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12571307
Bedrooms 7
Year Built 1930
Annual Tax Amount $13,826
Tax Year 2024
Lot Size 0.410 Acres
Lot Dimensions 100x180
Property Sub-Type Two to Four Units
Property Description
Fully rehabbed brick 3-flat on an oversized double lot in the heart of Highwood-an exceptional, turn-key investment opportunity with strong, stable income already in place. This property features two expansive 3-bedroom, 1-bath units (Unit 1 rented at $2,950 and Unit 2 at $2,755) plus a 1-bedroom, 1-bath unit (Unit 3 rented at $1,450), all leased through March 2027 for immediate cash flow and peace of mind. Each unit has been completely updated with new flooring, modern kitchens, baths, and light fixtures, offering attractive, low-maintenance living for tenants. The massive lot-one of the largest multi-unit parcels in Highwood-includes a double-deep 4-car garage and an oversized yard, adding even more rental appeal. Ideally located near downtown Highwood's dining, shopping, and transit, this is a rare opportunity to own a high-performing, fully leased asset in a prime location. Photos are virtually staged to illustrate potential.
Location
State IL
County Lake
Rooms
Basement None
Interior
Heating Natural Gas, Forced Air
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Brick
New Construction false
Schools
Middle Schools Northwood Junior High School
High Schools Highland Park High School
School District 112, 112, 112
Others
Ownership Fee Simple
Special Listing Condition None
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