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544 N Central Avenue Highwood, IL 60040 Multi Unit - Multiple Contingent

  • 544 N Central Avenue, Highwood, IL 60040 Main Photo

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Description

Rare opportunity to own a beautifully updated two-flat, ideal for investors or owner-occupants seeking rental income. The spacious first-floor unit features an expanded kitchen with a large island, a new mudroom off the side entrance, 9-foot ceilings, hardwood floors throughout the living areas, a convenient laundry closet, three bedrooms, and a fully remodeled bathroom with walk-in shower. Two versatile front rooms provide the perfect space for home offices, a playroom, or additional flex living areas, while the sun-filled living room creates a warm and inviting atmosphere. The second-floor unit is currently leased for $2,500 per month through September 2027, offering immediate and reliable income with a wonderful tenant who would love to remain. Accessed through a seperate entrance the 2nd floor unit has an updated kitchen and bathroom, its own laundry room, and access to a private balcony. A clean, and dry basement provides abundant storage space, and extensive updates throughout both units make this a truly turnkey, low-maintenance investment. A detached two-car garage adds convenience and value. Located in the vibrant community of Highwood, enjoy highly regarded schools, close proximity to Lake Michigan, popular restaurants, year-round festivals, Metra access, and easy commuting via major highways. If you're looking to expand your investment portfolio, this exceptional property offers flexibility, strong cash flow potential, and an outstanding location.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 6
Bathrooms: 2
County: Lake
High School: Highland Park High School
Listed By:
@properties Christie's International Real Estate 847-892-4800
MRED MLS
$679,000
Est. $4,488/mo
6beds
2baths
2cars
Contingent
BEDS6 BATHS2 full MLS#12662351
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 113

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544 N Central Avenue, Highwood, IL 60040.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $679,000$679,000$679,000
Down Payment $135,800$23,765$169,750
Monthly Mortgage Amount $3,345$4,051$4,229
Taxes $945$945$945
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$299$0
Monthly Estimated Total $4,488$5,493$5,372

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