About 308 Washington Avenue
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.
Features of 308 Washington Avenue
| MLS® # | 12571307 |
|---|---|
| Price | $775,000 |
| Bedrooms | 7 |
| Bathrooms | 0.00 |
| Acres | 0.41 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Two to Four Units |
| Status | Contingent |
| Taxes | $13,826 |
Community Information
| Address | 308 Washington Avenue |
|---|---|
| Area | Highwood |
| City | Highwood |
| County | Lake |
| State | IL |
| Zip Code | 60040 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Garage Door Opener, Yes, Garage Owned, Attached, Garage |
| # of Garages | 4 |
| Is Waterfront | No |
| New Construction | No |
| Has Pool | No |
Interior
| Heating | Natural Gas, Forced Air |
|---|---|
| Fireplace | No |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Brick |
|---|
School Information
| District | 112 |
|---|---|
| Middle | Northwood Junior High School |
| High | Highland Park High School |
Additional Information
| Days on Market | 110 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Baird & Warner |
|---|