544 N Central Avenue, Highwood, IL 60040
Lake County
Key Facts
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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
American 4-Sq.
Year Built
1919
Lot Dimensions
6312sf
Garage Spaces
2
Parking Spaces
3
Ownership
Fee Simple
Zoning
MULTI
Days on Market
8
MLS® Listing#
12662351
Property Features
Exterior
Heating
Basement
Parking
Lot Features
Construction
Foundation
Roof
Sewer
Schools
- Elementary:
- Wayne Thomas Elementary School
- Middle:
- Northwood Junior High School
- High:
- Highland Park High School
- District:
- Highland Park High School
Financial Details
Annual Taxes
$11,482
Tax year 2025
Parcel Number
16152060070000
Directions
Green Bay Rd. N of Prairie to Washington, W to N. Central. On the corner of N. Central and Washington.
Affordability Calculator
$135,800
Estimated monthly payment
$3,614/mo
Principal $543,200 · Est. interest $757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Highwood, IL
- $550,000
- Median Listing Price
- 38
- Median Days on Market
- 2,836
- Median Sq Ft
- $263
- Median Price / Sq Ft
- 5
- Active Listings
- This home’s price is 23% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Highwood, IL.
Location
Points of Interest in Highwood, IL
Showing the Highwood area map.
Nearby Schools
St James School
School · 0.3 mi away
The Performer's School
School · 0.3 mi away
Wayne Thomas Elementary School
Elementary · 0.4 mi away
Northwood Junior High School
Secondary · 0.4 mi away
Oak Terrace Elementary School
Elementary · 0.5 mi away
Highland Park High School
Secondary · 1.1 mi away
Township High School
Secondary · 1.4 mi away
Indian Trail School
Elementary · 1.4 mi away
North Shore School District 112
School · 1.4 mi away
112 Education Foundation
School · 1.4 mi away
Champions at Cherokee Elementary
Elementary · 1.6 mi away
Bethany United Methodist Church of Highland Park
School · 1.8 mi away
Montessori Connection East
Elementary · 1.8 mi away
Woodlands Acad of the Sacred Heart
School · 2.1 mi away
Deerfield Montessori School
Elementary · 2.3 mi away
Deerfield High School
Secondary · 2.4 mi away
Montessori Connection
Elementary · 2.4 mi away
Bannockburn School
Elementary · 2.7 mi away
Northern Suburban Special Education District 804
School · 2.8 mi away
North Shore Academy
School · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 239 Burchell Avenue, Highwood, IL | $589,000 | 5 | 3 | — |
| 240 & 242 Highwood Avenue, Highwood, IL | $750,000 | 6 | 6 | — |
Moving Cost Estimate
EXIT Agents in Highwood
Listing Courtesy: @properties Christie's International Real Estate - 8478924800
Last Updated: 2026-06-18