25 Webster Avenue, Highwood, IL 60040

Closed

6 beds 0 baths Built 1920 Residential Income MLS #MRD12545949 0 days on market

Listing courtesy of Compass · 847-416-0446 · MLS #MRD12545949 · Status: Closed

Value add 4-unit residential investment property located in an ideal Highwood location, just one block off Sheridan Road and steps from downtown Highwood's restaurants, shops, and Metra access. The property was updated in 2022 with a combination of mechanical and cosmetic improvements, but there is a lot of upside in further rehab. The unit mix consists of one (1) studio, one (1) one-bedroom, and two (2) two-bedroom units. Units 1 and 2F feature central HVAC, Unit 3 offers central heat with window A/C, and Unit 2R includes baseboard electric heat with window A/C. Tenants enjoy shared coin-operated laundry in the basement, a fenced side yard, and on-site parking. This asset offers a compelling opportunity to acquire as-is and operate at a strong in-place financials north of an 8 cap, or execute a value-add strategy by renovating units and pushing rents to market levels. Ideal for investors seeking stable cash flow with upside in a highly desirable North Shore rental market.

Property details

Interior

Basement: Unfinished, Full
Total rooms: 14

Building & exterior

Age: 100+ Years
Exterior: Aluminum Siding, Vinyl Siding
Roof: Asphalt
Foundation: Concrete Perimeter

Parking

Total spaces: 6
Parking details: Yes

Lot & location

Lot dimensions: 4,822 SF
Township: Moraine
County: Lake

Utilities

Heating: Natural Gas, Forced Air, Radiant
Water: Lake Michigan, Public
Sewer: Public Sewer

Schools

Elementary: (112)
Junior high: (112)
High school: (113)

Taxes & terms

Annual taxes: $13,543 (2024)
Parcel number (PIN): 16152140020000
PIN: 16152140020000
Ownership: Fee Simple
Possession: Closing
Special conditions: List Broker Must Accompany
Listed: 1/13/2026
Sold: 2/26/2026
Sold price: $655,000

Want to see this home?

The Dawn Simmons Team (RE/MAX Suburban) can show you any listed property and give you a straight answer on what it's really worth. Call/text Josh at (224) 628-4013.

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Listings courtesy of MRED as distributed by MLS GRID. MLS GRID

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