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Brick Quadplex with Storage Shed
New
For Sale
$600,000

533 N HIGHVIEW Avenue, Addison, IL 60101

MULTI_FAMILY - Addison, IL

Property SizeContact for details
Days on Market2

Property Features for 533 N HIGHVIEW Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 4
Parking 8
Elementary school district 4
Middle school district 4
High school district 88
Directions LAKE ST. WEST OF ADDISON RD TO HIGHVIEW NORTH TO PROP.
Subdivision Addison
Standard status Active
APN 0321303030

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 10732

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)

Building Details

Year built 1962
Building materials Brick
Listing Agency: Real Broker, LLC
Listed By: Chris Herrera · License #475190916
Added: Aug 10 Changed: Aug 11 Last Checked: Aug 11 at 5:06PM
MLS# 12728827

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1962, this brick quadplex contains four separate apartments, each configured with one bedroom and one bathroom. The units are occupied by long-term tenants, providing an established residential setup. A newer roof installed in 2025 adds a recent building improvement, while an on-site shed provides additional storage space.

The property is located on N Highview Avenue in Addison, near Lake Street and minutes from the community’s popular destinations. Electric heating and public sewer service are in place. The four-unit layout, individual apartment configuration, and supplemental storage structure define the property’s physical offering.

Key Highlights

  • Four 1‑bedroom, 1‑bathroom apartments
  • Long‑term tenants occupy all 4 units
  • Brick construction with a 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

896
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 - Four one-bedroom, one-bath apartments are occupied by long-term tenants in a brick residential income property.
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 1‑bedroom, 1‑bathroom apartments; Long‑term tenants occupy all 4 units; Brick construction with a roof installed in 2025
More about this property
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