Listing provided courtesy of Baird & WarnerMREDMLS# 12571307MLS Provider
  • 123 days on site
  • 2 views

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.

Source: MRED, MLS#: 12571307

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  • Property Type
    Residential Income
  • Lot
    0.41 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 308 Washington Avenue


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/14/2026Source: MRED Status Change
Contingent
6/7/2026Source: MRED Status Change
Active
6/2/2026Source: MRED Price Reduction
$775,000 -3.1%
6/2/2026Source: MRED Status Change
Price Change
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Price Increase
$800,000 0.0%
4/29/2026Source: MRED Status Change
Price Change
4/11/2026Source: MRED Status Change
Contingent
4/2/2026Source: MRED Status Change
Active
3/28/2026Source: MRED Price Reduction
$799,999 -0.0%
3/28/2026Source: MRED Status Change
Price Change
3/3/2026Source: MRED Status Change
Active
2/26/2026Source: MRED Added to Database
February 26, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022