308 Washington Avenue, Highwood, IL 60040
- $775,000
- $800,000
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.
- Listing Courtesy of: Baird & Warner
Details
Updated on June 19, 2026 at 10:51 pm-
Property ID MRD12571307
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Price $775,000
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Land Area 0.41 Acres
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Bedrooms 7
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Garages 4
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Year Built 1930
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Property Type Multi Family
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Property Status Active Under Contract
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Parking Total 4
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Parcel Number 16152050280000
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Water Source Lake Michigan,Public
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Sewer Public Sewer
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MLS Status Contingent
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Days On Market 109
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Living Area 0.41
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Cumulative Days On Market 110
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Tax Annual Amount 13826
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Heating Natural Gas,Forced Air
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Parking Features Garage Door Opener,Yes,Garage Owned,Attached,Garage
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Directions From Washington and Sheridan, West on Washington over the tracks to property.
Address
Open on Google Maps- Address 308 Washington Avenue
- City Highwood
- State/county IL
- Zip/Postal Code 60040
- Country United States
Overview
- Multi Family
- 7
- 4
- 1930
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