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  3. 25 Webster Avenue, Highwood, IL 60040

25 Webster Avenue, Highwood, IL 60040

Closed
Bedrooms6
Bathroms4
  • $665,000
20 More
24 More
780
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Description

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.

  • Residential Income
    Property Type
  • 6
    Bedrooms
  • 4
    Bathrooms
  • 1920
    Year Built

Property Documents

Property Overview

  • Property ID 12545949
  • Price $665,000
  • Bedrooms 6
  • Bathrooms 4
  • Rooms 14
  • Garage Size x x
  • Year Built 1920
  • Property Status Closed
  • Property Type Residential Income

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