• Status Sold
  • Sale Price $360,000
  • Bed 3 Beds
  • Bath 3 Baths
  • Location Moraine

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!!

General Info

  • List Price $349,000
  • Sale Price $360,000
  • Bed 3 Beds
  • Bath 3 Baths
  • Taxes $6,750
  • Market Time 4 days
  • Year Built 1920
  • Square Feet Not provided
  • Assessments Not provided
  • Assessments Include Not provided
  • Listed by
  • Source MRED as distributed by MLS GRID

Rooms

  • Total Rooms 13
  • Bedrooms 3 Beds
  • Bathrooms 3 Baths

Features

  • Heat Radiant
  • Air Conditioning Not provided
  • Appliances Not provided
  • Parking Space/s
  • Age 100+ Years
  • Exterior Frame