$845,900

beds

baths

half bath

245-247 Washington Avenue

Highwood, Illinois 60040

Price Change / MLS #12124587 / Multiple Unit (2-4) / Highwood

Listing information updated 9/7/2024 at 9:23am

Investor special, 3 units in booming Highwood, $85,000/yr in rents, nearly 7% CAP rate! Nestled in the foody town of Highwood, surrounding a lush front yard, sit two compelling and remodeled rental properties: one bi-level brick duplex with 5 beds/2 bath and one elegant stucco single family rental with 3 beds and 3 baths. The duplex consists of one top unit (3 bed, 1 bath) renting for $2,845 per month and the bottom unit (2 bed, 1 bath) renting for $1,400.00. (This bottom unit was just remodeled in May while the long-term tenant occupied the unit; with the remodel, the fair market rent is likely $1,800-2,000). The single family rental is leased at $2,840 until Mar 31, 2026 (fair market rent is likely $3,300 to $3,500). This single family has a huge open basement which could be finished with and additional bed/bath/den, a mother-in-law suite, or a separate apartment with its own direct access. Tenants pay their own utilities. There is room for further expansion with fair market rent increases and development of the untapped single family basement.

Full Features

Architecture Style:

Bi-Level

Exterior Type:

Brick,Stucco

Basement:

Finished

Beds Above Grade:

Heating System:

Natural Gas, Electric, Forced Air, Baseboard

Pool:

Age:

100+ Years

Parking Type:

Space/s - Off Street,Visitor Parking

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Taxes & Assessments

Tax Amount:

$18,154

Tax Year:

2023

Location

Zip Code:

60040

City:

Highwood

County:

Lake

Schools

School District(s):

112

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Bi-Level

Exterior Type:

Brick,Stucco

Basement:

Finished

Beds Above Grade:

Heating System:

Natural Gas, Electric, Forced Air, Baseboard

Pool:

Age:

100+ Years

Parking Type:

Space/s - Off Street,Visitor Parking

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Tax Amount:

$18,154

Tax Year:

2023

Zip Code:

60040

City:

Highwood

County:

Lake

School District(s):

112

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Berg Properties

Listing Office Phone: 888.276.9959

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 9/7/2024 at 9:23am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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245-247 Washington Avenue is a multiple unit (2-4) currently listed at $845,900. 245-247 Washington Avenue features 8 Beds, 4 Baths, 1 Half Bath. This multiple unit (2-4) has been listed on @properties since July 30th, 2024 and was built in 1918. The nearest transit stops include Highwood Metra Metra Union Pacific North line.