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$ 665,000
Est. payment /mo
New
25 Webster AVE Highwood, IL 60040
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12545949
Bedrooms 6
Year Built 1920
Annual Tax Amount $13,543
Tax Year 2024
Lot Dimensions 4,822 SF
Property Sub-Type Two to Four Units
Property 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. Limited short-term capital improvements are anticipated, including removal of remaining knob-and-tube wiring in a confined area and reinforcement of basement structural supports. 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.
Location
State IL
County Lake
Area Highwood
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Forced Air, Radiant
Fireplace N
Exterior
Roof Type Asphalt
Building
Dwelling Type Two to Four Units
Building Description Aluminum Siding,Vinyl Siding, No
Sewer Public Sewer
Water Lake Michigan, Public
Structure Type Aluminum Siding,Vinyl Siding
New Construction false
Schools
School District 112 , 112, 113
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Alissa Morton of Compass