25 Webster Avenue, Highwood, Illinois 60040
$655,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 1920 |
| Property Taxes: | $13,543 |
| Days On Market: | 58 |
| Lot Size: | 0,00 |
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.
Property Specifics
| Multi-unit | |
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| 1920 | |
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| No | |
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| Lake | |
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| — / — | |
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| 12545949 | |
| 16152140020000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 25 Jul, 2022 | Sold | $500,000 | MRED MLS |
| 26 May, 2022 | Under contract | $499,000 | MRED MLS |
| 13 May, 2022 | Listed for sale | $499,000 | MRED MLS |
| 26 Feb, 2026 | Sold | $655,000 | MRED MLS |
| 20 Jan, 2026 | Under contract | $665,000 | MRED MLS |
| 13 Jan, 2026 | Listed for sale | $665,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
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| 4,822 SF | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $11,187 |
| 2026 | $13,543 |
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