308 Washington Avenue, Highwood, IL 60040
Lake County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1930
Lot Size
0.41 acres
Lot Dimensions
100x180
Garage Spaces
4
Parking Spaces
4
Ownership
Fee Simple
Days on Market
110
MLS® Listing#
12571307
Property Features
Heating
Basement
Parking
Construction
Sewer
Water Source
Schools
- Middle:
- Northwood Junior High School
- High:
- Highland Park High School
- District:
- Highland Park High School
Financial Details
Annual Taxes
$13,826
Tax year 2024
Parcel Number
16152050280000
Directions
From Washington and Sheridan, West on Washington over the tracks to property.
Affordability Calculator
$155,000
Estimated monthly payment
$4,125/mo
Principal $620,000 · Est. interest $864,955 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Highwood, IL
- $550,000
- Median Listing Price
- 37
- Median Days on Market
- 2,836
- Median Sq Ft
- $263
- Median Price / Sq Ft
- 5
- Active Listings
- This home’s price is 41% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Highwood, IL.
Location
Points of Interest in Highwood, IL
Showing the Highwood area map.
Nearby Schools
St James School
School · 0.3 mi away
The Performer's School
School · 0.3 mi away
Wayne Thomas Elementary School
Elementary · 0.4 mi away
Northwood Junior High School
Secondary · 0.4 mi away
Oak Terrace Elementary School
Elementary · 0.5 mi away
Highland Park High School
Secondary · 1.2 mi away
Township High School
Secondary · 1.4 mi away
Indian Trail School
Elementary · 1.5 mi away
North Shore School District 112
School · 1.5 mi away
112 Education Foundation
School · 1.5 mi away
Champions at Cherokee Elementary
Elementary · 1.6 mi away
Bethany United Methodist Church of Highland Park
School · 1.8 mi away
Montessori Connection East
Elementary · 1.9 mi away
Woodlands Acad of the Sacred Heart
School · 2.1 mi away
Deerfield Montessori School
Elementary · 2.3 mi away
Deerfield High School
Secondary · 2.4 mi away
Montessori Connection
Elementary · 2.4 mi away
Bannockburn School
Elementary · 2.7 mi away
Northern Suburban Special Education District 804
School · 2.9 mi away
North Shore Academy
School · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 240 & 242 Highwood Avenue, Highwood, IL | $750,000 | 6 | 6 | — |
Moving Cost Estimate
EXIT Agents in Highwood
Listing Courtesy: Baird & Warner - 7736975555
Last Updated: 2026-02-26