308 Washington Avenue
Highwood, IL, 60040
$775,000
7 Beds
3 Baths
0 SqFt
0.41 Acres
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MLS #MRD12571307 image #0
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.

Property Details

Price:
$775,000
MLS #:
MRD12571307
Status:
Active Under Contract
Beds:
7
Baths:
3
Type:
Multi Family
Neighborhood:
highwood
Listed Date:
Feb 26, 2026
Year Built:
1930
HighwoodHighwoodNorthwood Junior High SchoolHighland Park High School

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Schools

School District:
112
Middle School:
Northwood Junior High School
High School:
Highland Park High School

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Garage Spaces
4
Parking Features
Garage Door Opener, Yes, Garage Owned, Attached, Garage
Parking Spots
4
Parking Total
4

Financial

Net Operating Income
$60,576
Tax Year
2024
Taxes
$13,826

Map

Community

Market Summary

Current real estate data for Multi Family in Highwood as of Jun 20, 2026
5
Multi Family Listed
53
Avg DOM
$691,600
Avg List Price

Property Summary

    308 Washington Avenue Highwood IL is a Multi Family for sale in Highwood, IL, 60040. It is listed for $775,000

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