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Key Details
Sold Price $360,000
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11303978
Sold Date 07/18/22
Bedrooms 3
Year Built 1920
Annual Tax Amount $6,750
Tax Year 2020
Lot Size 10,890 Sqft
Lot Dimensions .25
Property Description
Calling all Investors!!! Cash-Flowing Investment Opportunity in the heart of the very desirable town of Highwood! This rare Two Flat Cottage is an absolute treasure on the North Shore. Each Two Flat unit features a spacious 1 bedroom and 1 bath w/ graciously sized living room, galley kitchen, and tons of natural light! Plus, a back porch and great yard space. Parallel Parking on the side of Two Unit. The Cottage is a large 1 bedroom and full bath with phenomenal living space, hardwood floors throughout, spacious kitchen, in unit washer and dryer. Also includes off street parking space and yard exclusive to the cottage. Fully occupied units currently producing a 7% cap rate with the arrow pointing up in this hot market with low inventory. Potential monthly rents up to $3,500! Or potential buyer can live there for free with the rental income from the other two units, HOUSE HACK!!! Walking distance from schools, parks, restaurants, bars, and festivals! Lake Michigan is a 20-minute walk away, Steps from Fort Sheridan, and everything else this amazing community of Highwood has to offer!!
Location
State IL
County Lake
Area Highwood
Rooms
Basement Full
Interior
Heating Radiant
Fireplace N
Building
Sewer Other
Water Other
New Construction false
Schools
School District 112 , 112, 113
Others
Ownership Fee Simple
Special Listing Condition List Broker Must Accompany
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© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Silvia Palacios Eyzaguirre • Northwest Real Estate Group