Value add 4-unit residential investment property located in an ideal Highwood location, just one block off Sheridan Road and steps from downtown Highwood's restaurants, shops, and Metra access. The property was updated in 2022 with a combination of mechanical and cosmetic improvements, but there is a lot of upside in further rehab. The unit mix consists of one (1) studio, one (1) one-bedroom, and two (2) two-bedroom units. Units 1 and 2F feature central HVAC, Unit 3 offers central heat with window A/C, and Unit 2R includes baseboard electric heat with window A/C. Tenants enjoy shared coin-operated laundry in the basement, a fenced side yard, and on-site parking. This asset offers a compelling opportunity to acquire as-is and operate at a strong in-place financials north of an 8 cap, or execute a value-add strategy by renovating units and pushing rents to market levels. Ideal for investors seeking stable cash flow with upside in a highly desirable North Shore rental market.
Closed
$655,000
25 Webster Ave, Highwood, IL 60040
6beds
--sqft
Multi Family
Built in 1920
-- sqft lot
$663,500 Zestimate®
$--/sqft
$3,634 Estimated rent
Home value
$663,500
$597,000 - $736,000
$3,634/mo
Zestimate® history
Owner options
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$3,634/mo
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$4,917/mo
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$4,917/mo
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List your homeWhat's special
Fenced side yardCentral hvacOn-site parking
Zillow last checked:
Listing updated:
Listing courtesy of:
Alissa Morton 847-416-0446,
Compass
Bought with:
Cynthia Klassman
Revive Real Estate LLC
Source: MRED as distributed by MLS GRID,MLS#: 12545949
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air, Radiant
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 6
- Parking features: Yes
Lot
- Size: 4,822 sqft
Details
- Parcel number: 16152140020000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Highwood
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 2/26/2026 | Sold | $655,000-1.5% |
Source:  MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 2/6/2026 | Pending sale | $665,000 |
Source: MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 1/27/2026 | Contingent | $665,000 |
Source: MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 1/27/2026 | Listed for sale | $665,000 |
Source: MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 1/19/2026 | Listing removed | $665,000 |
Source: MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 1/13/2026 | Listed for sale | $665,000+33% |
Source: MRED as distributed by MLS GRID #12545949 Report a problem | ||
| 7/25/2022 | Sold | $500,000+0.2% |
Source: MRED as distributed by MLS GRID #11383018 Report a problem | ||
| 7/15/2022 | Pending sale | $499,000 |
Source: MRED as distributed by MLS GRID #11383018 Report a problem | ||
| 5/17/2022 | Contingent | $499,000 |
Source: MRED as distributed by MLS GRID #11383018 Report a problem | ||
| 5/13/2022 | Listed for sale | $499,000 |
Source: MRED as distributed by MLS GRID #11383018 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $13,695 +9.8% | $166,650 +3% |
| 2022 | $12,467 +8.8% | $161,818 +13.9% |
| 2021 | $11,459 +2.4% | $142,131 +3.5% |
| 2020 | $11,187 +3.1% | $137,391 +0.5% |
| 2019 | $10,853 +15.6% | $136,748 +9.5% |
| 2018 | $9,389 | $124,834 +0.6% |
| 2017 | $9,389 +6.2% | $124,114 +5% |
| 2016 | $8,839 +36.2% | $118,159 +7.6% |
| 2015 | $6,488 +2.2% | $109,782 +38.7% |
| 2014 | $6,346 +2.5% | $79,173 -0.6% |
| 2012 | $6,190 -18% | $79,635 -23.3% |
| 2011 | $7,553 -14.4% | $103,766 -24.8% |
| 2010 | $8,827 +3.5% | $138,031 -5.6% |
| 2009 | $8,530 +3.4% | $146,281 -1% |
| 2008 | $8,249 +7.2% | $147,759 +4.7% |
| 2006 | $7,696 +6.4% | $141,059 |
| 2005 | $7,232 +4.3% | -- |
| 2004 | $6,931 +6.3% | -- |
| 2003 | $6,519 +25.3% | -- |
| 2002 | $5,203 +2.5% | -- |
| 2001 | $5,078 +6.3% | $78,773 +12.1% |
| 2000 | $4,775 | $70,256 |
Find assessor info on the county website
Neighborhood: 60040
Nearby schools
GreatSchools rating
- 7/10Wayne Thomas Elementary SchoolGrades: K-5Distance: 0.7 mi
- 9/10Northwood Jr High SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Highland Park High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: 112
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$663,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$663,500
- Illinois
- Lake County
- Highwood
- 60040
- 25 Webster Ave
Nearby cities
Nearby zip codes
Other Highwood Topics
