$775,000

308 Washington Avenue, Highwood, IL 60040

Active Under Contract

7 beds 0 baths Built 1930 Residential Income MLS #MRD12571307 110 days on market

Listing courtesy of Baird & Warner · 773-697-5555 · MLS #MRD12571307 · Status: Active Under Contract

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.

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Property details

Interior

Basement: None
Total rooms: 14

Building & exterior

Age: 91-100 Years
Exterior: Brick

Parking

Garage spaces: 4
Total spaces: 4
Parking details: Garage Door Opener, Yes, Garage Owned, Attached, Garage

Lot & location

Lot dimensions: 100x180
Township: Moraine
County: Lake

Utilities

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

Schools

Elementary: (112)
Junior high: Northwood Junior High School (112)
High school: Highland Park High School (112)

Taxes & terms

Annual taxes: $13,826 (2024)
Parcel number (PIN): 16152050280000
PIN: 16152050280000
Ownership: Fee Simple
Possession: Tenant's Rights
Special conditions: None
Listed: 2/26/2026

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

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