$775,000

43 Clay Avenue, Highwood, IL 60040

Active Under Contract
5 beds 0 baths Built 1933 Residential Income MLS #MRD12578540 128 days on market
Listing courtesy of Baird & Warner · 773-697-5555 · MLS #MRD12578540 · Status: Active Under Contract
Exceptional investment opportunity in the heart of downtown ! Perfectly situated on a quiet one-way street within the city's vibrant business district, this beautifully maintained and newly remodeled three-flat has been thoughtfully updated from top to bottom. Each unit showcases stylish new kitchens and baths with modern cabinetry, quartz countertops, updated lighting and fixtures, new tile, most new appliances, refinished hardwood floors, luxury vinyl plank flooring, and durable epoxy flooring. Major exterior improvements include a newer roof, siding, and gutters for added peace of mind. The spacious first-floor unit features three bedrooms, one and a half baths, a bright living area, a versatile den or office, and a private laundry room. The second floor has two units, each are one-bedroom, one-bath units, each with comfortable living areas, plus shared laundry conveniently located on the first floor. A fully fenced yard and ample parking complete the property. Just blocks from the Metra train, dining, shopping, parks, bike paths, and beautiful -and with quick access to Route 41/94 and the tollway-this multi-unit property offers outstanding rental income potential, future redevelopment possibilities, and a rare chance to own a turnkey asset in one of the North Shore's most dynamic communities. Quick close available. PLEASE NOTE PHOTOS ARE VIRTUALLY STAGED
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Property details

Interior

Basement
None
Total rooms
14

Building & exterior

Age
91-100 Years
Exterior
Brick

Parking

Total spaces
6
Parking details
Yes, Owned

Lot & location

Lot dimensions
135X36X125X68
Township
Moraine
County
Lake

Utilities

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

Schools

Elementary
Wayne Thomas Elementary School (112)
Junior high
Northwood Junior High School (112)
High school
Highland Park High School (113)

Taxes & terms

Annual taxes
$8,730 (2024)
Parcel number (PIN)
16152100020000
PIN
16152100020000
Ownership
Fee Simple
Possession
Closing, Tenant's Rights
Special conditions
None
Listed
2/27/2026

What would this home cost per month?

Using this listing's actual tax bill (2024) — adjust anything.

Rates move daily — edit to today's quote. Under 20% down adds PMI automatically.

Estimated monthly payment
$0
Principal & interest
Property taxes
Insurance
PMI (under 20% down)
HOA / assessments

Estimates only — not a loan offer or quote; your rate, insurance and PMI depend on your credit and lender. Run other scenarios on the full mortgage calculator, or ask us to connect you with lenders our clients actually close with.

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

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