Highwood, IL 60040 308 Washington Avenue
$775,000



24 more
























Presented By: Baird & Warner
Home Details
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.
Presented By: Baird & Warner
Interior Features for 308 Washington Avenue
Bedrooms
Bedrooms Possible7
Total Bedrooms7
Bathrooms
Full Baths Building3
Half Baths Building
Total Baths3
Other Interior Features
BasementNone
Total Number of Units3
General for 308 Washington Avenue
Additional Parcels Y/NNo
CityHighwood
Construction MaterialsBrick
CountyLake
DirectionsFrom Washington and Sheridan, West on Washington over the tracks to property.
Electric Expense2500
Elementary School District112
Fuel Expense3000
Garage Spaces4
Gross Income85860
HeatingNatural Gas, Forced Air
High SchoolHighland Park High School
High School District112
Insurance Expense2000
MLS AreaHighwood
Middle/Junior High SchoolNorthwood Junior High School
Middle/Junior School District112
Net Operating Income60576
New ConstructionNo
OwnershipFee Simple
PossessionTenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusPrice Change
Tax Annual Amount13826
Tax Year2024
Total Rooms14
TownshipMoraine
Trash Expense0
Virtual TourClick here
Water Sewer Expense3133
Year Built1930
Exterior for 308 Washington Avenue
Lot Dimensions100x180
Lot Size Acres0.41
Parking FeaturesGarage Door Opener, Yes, Garage Owned, Attached, Garage
Total Parking4
Water SourceLake Michigan, Public
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Highland Park High School
Elementary School
N/A
Middle School
Northwood Junior High School

SQFT • 3,264