Accepting Backups
308 Washington Avenue
Highwood, IL 60040
$799,999 ▼ $1 from $800,000
7beds
3baths
—sqft
0.41acres
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeResidential Income
Year built1930
Garage spaces4
Lot size0.41 acres
Annual tax$13,826
CountyLake
MLS #MRD12571307
Days on market45
Schools
Middle / JuniorNorthwood Junior High School
High schoolHighland Park High School
Features
Heating
Natural GasForced Air
Parking
Garage Door OpenerYesGarage OwnedAttachedGarage
Construction
Brick
Sewer
Public Sewer
Listed by
Baird & Warner
Eugene Abbott
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/11/2026, 10:18:02 PM. All data should be independently verified.
This home is under contract but the seller is accepting backup offers. Contact a dwello agent to submit.
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