308 Washington Avenue, Highwood, IL

$775,000

Overview

  • 110590
  • Property ID
  • Updated On:
  • June 2, 2026
  • 7
  • Bedrooms
  • 3
  • Bathrooms
  • 0 ft2
  • Property Lot Size

Description

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.

Bedrooms
3
5+
Climate Control
Heating
Parking
Garage
Swimming Pool
Yes
Other Features
Attached
Brick
Forced Air
Garage Door Opener
Garage Owned
Lake Michigan
Natural Gas
Public
Public Sewer

yelp logo

$3,973.58
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 3,004.83

Similar Listings

For Sale

2541 W ARGYLE Street, Chicago, IL

$950,000
Beds:
6
Baths:
3
Incredible updated brick multi-unit on an oversized 30x160 lot, nestled on a quiet, tree-l ...
For Sale

516 Garnsey Avenue, Joliet, IL

$299,500
Beds:
4
Baths:
3
**Looking for a move-in-ready multi-unit property? This beautifully maintained 2-unit home ...
Information for the property at 308 Washington Avenue, Highwood, IL, 60040 (Property ID: 110590) is deemed reliable but not guaranteed. Property details, pricing, and availability are subject to change without notice. Buyers should independently verify all information before making any real estate decisions.

Compare Listings

Sunita Kakarlapudi