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Brick Quadplex with New Roof
For Sale
$600,000

533 N HIGHVIEW Avenue, Addison, IL 60101

Brick construction, established tenancy, and a recently replaced roof support the existing rental configuration.

Property SizeContact for details
Days on Market12

Property Features for 533 N HIGHVIEW Avenue

General Information

Standard status Active
Total Parking Spaces 8
Property subtype Residential Income

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $10,732

Building Details

Year Built 1962
Construction brick
Listing Agency: Real Broker, LLC
Listed By: Chris Herrera · License #475190916
Source: Birdrealtysells
Added: Aug 10 Changed: Aug 18 Last Checked: Aug 20 at 1:27PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC

Investment Insights

Based on property information with market context.

Built in 1962, this brick quadplex contains four one-bedroom, one-bath apartments. The units are occupied by long-term tenants, providing an established residential income configuration. A roof replacement was completed in 2025, and an on-site shed provides additional storage space and is currently rented separately.

The property is located on N Highview Avenue in Addison, near Lake St. The surrounding area includes access to the popular destinations referenced in the property information. Each apartment follows the same one-bedroom, one-bath layout, creating a consistent unit mix across the building.

Key Highlights

  • Four one‑bedroom, one‑bath units
  • Brick quadplex built in 1962
  • New roof installed in 2025

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Acupuncture Veterinary Clinic Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

933
Businesses Nearby

Demographics for 60101, IL

37,644
Population
14,145
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
77%
High-School Grad
11.4 sq mi
ZIP Area
3,302
Density / Sq Mi
$87,860
Median Household Income
$42,007
Median Earnings
$1,236
Median Rent
$315,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Brick construction, established tenancy, and a recently replaced roof support the existing rental configuration.
Where is this quadplex located?
The property is located at 533 N HIGHVIEW Avenue Addison, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four one‑bedroom, one‑bath units; Brick quadplex built in 1962; New roof installed in 2025
More about this property
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