Under contract

308 Washington Ave, Highwood, IL 60040

Beds
7
Baths
3
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBaird & Warner
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Overview

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

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
7
Number of bathrooms
3
Lot size (acres)
0.41
Year built
1930

Exterior features

Horse amenities
Stable

Garage and parking

Garage parking spaces
4

Utilities

Heating
Forced Air, Natural Gas
Sewer
Public Sewer
Water
Public Water, Other

Estimated monthly costs

Electricity
$208
Insurance
$167

Taxes

Tax Annual Amount (2024)
$13,826

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12571307 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.