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Key Details
Sold Price $552,500
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11396574
Sold Date 11/09/22
Bedrooms 5
Year Built 1920
Annual Tax Amount $8,211
Tax Year 2020
Lot Size 4,791 Sqft
Lot Dimensions 35.85 X 50 X 142
Property Sub-Type Two to Four Units
Property Description
Finest Investment Property in the North Shore!! BIG Cash Flow, Fully Updated Two-Unit in Highland Park generating $ 65,000 in Rental Revenue! Nothing to do but watch it CASH FLOW. Cap Rates are WAY higher than the area average. Great location! Steps from Downtown Highwood, Highland Park, Shopping, Dining, Nightlife and The Lake! The Main House is rented for $ 3,500/month feat. New Kitchen, Bathrooms, Basement, Flooring, Lighting. Custom Finishes w/ lots of Living Space. Updated, Two Bedroom Apt. w/ attached Two-Car Garage! Currently Rented for $ 1,870 per Month. Could get more in RENT! Easy to Manage with only Two Units! Tenants Pay All Utilities. Ideal 1031 exchange, property to add to INVESTMENT Portfolio during these times of Inflation. Win-Win. . Home Run!
Location
State IL
County Lake
Area Highland Park
Zoning MULTI
Rooms
Basement Full
Interior
Heating Baseboard
Equipment TV-Cable, CO Detectors
Fireplace N
Exterior
Exterior Feature Patio
Parking Features Attached
Garage Spaces 2.0
Community Features Curbs, Sidewalks, Street Lights, Street Paved
Building
Lot Description Fenced Yard
Sewer Public Sewer
Water Lake Michigan
New Construction false
Schools
Elementary Schools Indian Trail Elementary School
Middle Schools Elm Place School
High Schools Highland Park High School
School District 112 , 112, 113
Others
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with John Youkhana of 1 Price Real Estate Corporation
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