For Sale41d on marketHistoric · 96 yrs
308 Washington Ave
Highwood, IL, 60040 • 60040 • Lake County
$799,999
Down payment assistance available
7Beds
3Baths
0.41 acLot
1930Built
Property DNA
Character Home
Built 1930 · 96 years of history
4-Car Garage
Garage Door Opener · Yes · Garage Owned · Attached · Garage
This home is getting attention
Listed 41 days ago · 1,417 views · 41 saves
Market activity
Demand and pricing signals for this listing
1,417 views
People checking out this listing
41 saves
Buyers have saved this home
41 days on market
Established listing
Selling Soon Prediction
ModerateThis home ranks in the top 42% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
Want the full market analysis?
Get the detailed selling prediction score, comparable sales data, and price trend forecast for this property.
Free · Delivered to your inbox in minutes
About this home
Multi Family · Built 1930 · Historic
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.
Standout features identified
Our analysis highlights oversized double lot, modern kitchens, and oversized yard as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,922/month
Principal & Interest$3,855
Property Tax$800
Insurance$267
Down payment20% ($160,000)
3%50%
Est. 6.04% rate · 30yr fixed · $639,999 loan
Full calculator →Virtual Tour
Open in new tab ↗Loading virtual tour…
At a glance
Key facts and listing details
TypeMulti Family
Year Built1930
HeatingNatural Gas, Forced Air
Parking4 Attached Garage spaces
Days on Zillow41 Days
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1930
Systems
HeatingNatural Gas, Forced Air
ConstructionBrick
Water / SewerLake Michigan, Public / Public Sewer
Parking & Outdoor
ParkingGarage Door Opener, Yes, Garage Owned, Attached, Garage
Garage4 spaces
BasementNone
Lot0.41 Acres
Location & Tax
Neighborhood60040
Annual tax$13,826
Parcel1615205028
Bathrooms & Fees
Full baths3
Features & details
3 categories of property features
Interior Features
Heating
Natural Gas
Forced Air
Exterior Features
Parking
Garage Door Opener
Yes
Garage Owned
Attached
Garage
Construction
Brick
Listing insights
Market data and value estimates
StatusFor Sale
Days on market41
Est. value$769,600
Est. rent$2,021/mo
Tax rate2.60%
On marketFeb 27, 2026
PostedFeb 27, 2026
Last sold$650,000
MLS statusActive
MLS updatedApr 2, 2026
Tour days9
Views1,417
Favorites41
How are the schools in Highwood?
3 schools rated nearby
Location
Highwood, IL, 60040
Price history
6 events
DateEventPrice$/sqftSource
Mar 28, 2026Price Change$799,999—MRED as distributed by MLS GRID
Feb 27, 2026Listed For Sale$800,000—MRED as distributed by MLS GRID
Sep 4, 2024Sold$650,000—Public Record
Sep 28, 2018Sold$450,000—MRED as distributed by MLS GRID
Aug 1, 2018Pending Sale$450,000—Coldwell Banker Residential Brokerage - Highland Park
Aug 1, 2018Listed For Sale$450,000—Coldwell Banker Residential
Price Change$799,999
Mar 28, 2026•MRED as distributed by MLS GRID
Listed For Sale$800,000
Feb 27, 2026•MRED as distributed by MLS GRID
Sold$650,000
Sep 4, 2024•Public Record
Sold$450,000
Sep 28, 2018•MRED as distributed by MLS GRID
Pending Sale$450,000
Aug 1, 2018•Coldwell Banker Residential Brokerage - Highland Park
Listed For Sale$450,000
Aug 1, 2018•Coldwell Banker Residential
Tax history
22 years of records
YearTax paidAssessed value
Apr 9, 2023$12,980$169,919
Apr 9, 2022$11,065$153,163
Apr 9, 2021$10,241$126,997
Apr 9, 2020$10,013$122,761
Apr 9, 2019$9,715$122,186
Apr 9, 2018$10,824$143,682
Apr 9, 2017$10,824$142,854
Apr 9, 2016$3,677$135,999
Apr 9, 2015$3,743$126,358
Apr 9, 2014$3,640$117,499
Apr 9, 2012$3,492$118,185
Apr 9, 2011$3,305$147,479
Apr 9, 2010$2,927$189,985
Apr 9, 2009$2,722$201,341
Apr 9, 2008$2,634$203,375
Apr 9, 2006$9,106$194,153
Apr 9, 2005$8,561—
Apr 9, 2004$7,946—
Apr 9, 2003$7,584—
Apr 9, 2002$6,763—
Apr 9, 2001$3,306$109,128
Apr 9, 2000$3,485$84,838
Nearby homes
Neighborhood details
Local context around this listing
Highwood, IL • Lake County
Nearby cities
AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills
Nearby zip codes
60040
Similar homes
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
No obligation · Same-day response