ActivePrice Reduced

$799,999

$800,000
308 Washington Avenue, Highwood, IL 60040
7 Beds3 Baths37 days
308 Washington Avenue·Highwood, IL 60040
7Bedrooms
3Bathrooms
1930Year Built
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# MRD12571307Listed February 26, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms7
Total Bathrooms3
Total Rooms14

Size & Structure

Garage Spaces4
Year Built1930
Lot Size0.410 acres

Location

CountyLake
TownshipMoraine
Zip Code60040

Financial

List Price$799,999
Original Price$800,000
Annual Taxes (2024)$13,826
Monthly Tax Est.$1,152
Parcel #16152050280000
Interior Features

Heating

Natural GasForced Air

Basement

None
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic

Parking

Garage Door OpenerYesGarage OwnedAttachedGarage
Schools
Middle School
Northwood Junior High School
District: 112
High School
Highland Park High School
District: 112
Tax & Financial
Annual Taxes
$13,826
Tax Year 2024
Monthly Tax Est.
$1,152
per month
Price Reduced by $1
Original list price: $800,000
Property Location

308 Washington Avenue, Highwood, IL 60040Lake County

$799,999
308 Washington Avenue
7 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
37 days on market
4-car garage
0.410 acres
$13,826/yr taxes
Price reduced $1
$5,357
estimated monthly payment
Principal & Interest
$4,204/mo
Property Tax
$1,152/mo
$799,999
20% — $160,000
3%50%
6.875%
3%12%
Loan Amount
$639,999
Down Payment
$160,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Baird & Warner
Agent: Eugene Abbott
REALTOR® Logo
Equal Housing Opportunity LogoEqual Housing Opportunity

Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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