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.
Contingent
Price cut: $25K (6/2)
$775,000
308 Washington Ave, Highwood, IL 60040
7beds
--sqft
Multi Family
Built in 1930
-- sqft lot
$742,100 Zestimate®
$--/sqft
$-- HOA
What's special
Oversized double lotModern kitchensOversized yard
- 137 days |
- 62 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Jim Abbott 773-697-5555,
Baird & Warner
Source: MRED as distributed by MLS GRID,MLS#: 12571307
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Features
- Basement: None
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener, Yes, Garage Owned, Attached, Garage
- Attached garage spaces: 4
- Has uncovered spaces: Yes
Lot
- Size: 0.41 Acres
- Dimensions: 100x180
Details
- Parcel number: 16152050280000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Location
- Region: Highwood
Financial & listing details
- Tax assessed value: $509,808
- Annual tax amount: $13,826
- Date on market: 2/27/2026
- Ownership: Fee Simple
Estimated market value
$742,100
$705,000 - $779,000
$2,346/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Contingent | $775,000 |
Source: MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 6/2/2026 | Price change | $775,000-3.1% |
Source:  MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 4/29/2026 | Listed for sale | $800,000+0% |
Source: MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 4/11/2026 | Contingent | $799,999 |
Source: MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 3/28/2026 | Price change | $799,9990% |
Source: MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 2/27/2026 | Listed for sale | $800,000+23.1% |
Source: MRED as distributed by MLS GRID #12571307 Report a problem | ||
| 9/4/2024 | Sold | $650,000+44.4% |
Source: Public Record Report a problem | ||
| 9/28/2018 | Sold | $450,000 |
Source: MRED as distributed by MLS GRID #10037205 Report a problem | ||
| 8/1/2018 | Pending sale | $450,000 |
Source: Coldwell Banker Residential Brokerage - Highland Park #10037205 Report a problem | ||
| 8/1/2018 | Listed for sale | $450,000 |
Source: Coldwell Banker Residential #10037205 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $13,826 +6.5% | $180,233 +6.1% |
| 2023 | $12,980 +17.3% | $169,919 +10.9% |
| 2022 | $11,065 +8% | $153,163 +20.6% |
| 2021 | $10,241 +2.3% | $126,997 +3.5% |
| 2020 | $10,013 +3.1% | $122,761 +0.5% |
| 2019 | $9,715 -10.2% | $122,186 -15% |
| 2018 | $10,824 | $143,682 +0.6% |
| 2017 | $10,824 +194.3% | $142,854 +5% |
| 2016 | $3,677 -1.8% | $135,999 +7.6% |
| 2015 | $3,743 +2.8% | $126,358 +7.5% |
| 2014 | $3,640 +4.2% | $117,499 -0.6% |
| 2012 | $3,492 +5.7% | $118,185 -19.9% |
| 2011 | $3,305 +12.9% | $147,479 -22.4% |
| 2010 | $2,927 +7.5% | $189,985 -5.6% |
| 2009 | $2,722 +3.3% | $201,341 -1% |
| 2008 | $2,634 -71.1% | $203,375 +4.7% |
| 2006 | $9,106 +6.4% | $194,153 |
| 2005 | $8,561 +7.7% | -- |
| 2004 | $7,946 +4.8% | -- |
| 2003 | $7,584 +12.1% | -- |
| 2002 | $6,763 +104.6% | -- |
| 2001 | $3,306 -5.1% | $109,128 +28.6% |
| 2000 | $3,485 | $84,838 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60040
Nearby schools
GreatSchools rating
- 7/10Wayne Thomas Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Northwood Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Highland Park High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Middle: Northwood Junior High School
- High: Highland Park High School
- 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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A local agent can set up tours, give advice and negotiate with sellers.
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