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.

Highwood is located in Illinois. Highwood, Illinois has a population of 5,204. Highwood is more family-centric than the surrounding county with 38.11% of the households containing married families with children. The county average for households married with children is 36.27%.
The median household income in Highwood, Illinois is $88,913. The median household income for the surrounding county is $97,127 compared to the national median of $69,021. The median age of people living in Highwood is 36.1 years.
The average high temperature in July is 83.1 degrees, with an average low temperature in January of 16.7 degrees. The average rainfall is approximately 36.3 inches per year, with 35.9 inches of snow per year.