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$665,000

Est. payment - /mo

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6 Beds

4 Baths

New

25 Webster AVE Highwood, IL 60040

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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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

Listed by Alissa Morton of Compass

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106