Highwood, IL 60040 308 Washington Avenue

308 Washington Avenue Highwood, IL - Image 1308 Washington Avenue Highwood, IL - Image 2308 Washington Avenue Highwood, IL - Image 3
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Presented By: Baird & Warner
  • MLS# 12571307
  • 02/26/2026
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 3
  • SQFT • 3,264
  • Garage • 4

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

Client Care

Price $775,000
MLS#12571307
List Date 02/26/2026
Property Type Multi-Family
Phone 847.485.2500
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