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$800,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • 4 Car Garage
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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.

Full Property Details for 308 Washington Ave

General

  • Price: $800,000
  • Taxes: $13,826 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12571307
  • Updated: 5/5/2026
  • Added to Site: 94 day(s) ago

Interior

  • Basement: None

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Upper - Full Baths: 3

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 4
  • Parking Features: Garage Door Opener, Yes, Garage Owned, Attached, Garage

Location

  • Area: Highwood
  • County: Lake
  • Township: Moraine
  • Driving Directions: From Washington and Sheridan, West on Washington over the tracks to property.

School Information

  • School District: 112
  • Elem School District: 112
  • Midd School District: 112
  • High School District: 112
  • Middle School: Northwood Junior High School
  • High School: Highland Park High School
  • Private School: Highland Park High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan, Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Year Built: 1930
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 100 x 180

Financial Considerations

  • Insurance Fee: $2,000
  • Parking Included: Yes
  • Assessment Year: 1930
  • Tax Amount: $13,826
  • Tax Year: 2024
  • Pays Electric: 2500
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 16152050280000

Listed by Baird & Warner

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Listing agent

— 308 Washington Ave —

  • Baird & Warner

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 308 Washington Ave

School Districts:North Shore School District 112, Township High School District 113
NameGradesDistance
Wayne Thomas Elementary School
2939 Summit Avenue, Highland Park, IL 60035
K-50.4 mi
Northwood Jr High School
945 North Avenue, Highland Park, IL 60035
6-80.4 mi
Highland Park High School
433 Vine Avenue, Highland Park, IL 60035
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 308 Washington Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/29/2026
Price Increased
$800,000
—
MLS
3/28/2026
Price Reduced
$799,999
—
MLS
2/26/2026
Listed
$800,000
23.08%
MLS
8/28/2024
Sold
$650,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 308 Washington Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,826
7%
$180,233
6%
2023
$12,980
17%
$169,919
11%
2023
$11,047
8%
$153,163
21%
2022
$10,234
2%
$126,997
3%
2021
$10,006
3%
$122,761
—
2020
$9,697
—
$122,761
—
2019
$9,715
-12%
$122,186
-15%
2018
$11,080
2%
$143,682
1%
2017
$10,824
4%
$142,854
5%
2016
$10,412
182%
$135,999
8%
2015
$3,695
-2%
$126,358
—
2014
$3,761
3%
$126,358
8%
2013
$3,658
4%
$117,499
-3%
2012
$3,510
—
$120,548
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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308 Washington Avenue, Highwood, IL 60040 (MLS# 12571307) is a Multi-Family property with 3 units containing 7 bedrooms and 0 full bathrooms. 308 Washington Avenue is currently listed for $800,000 and was received on February 26, 2026. Want to learn more about 308 Washington Avenue? Do you have questions about finding other Multi-Family real estate for sale in Highwood? You can browse all Highwood real estate or contact a Coldwell Banker agent to request more information.

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