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Updated Two-Flat Residential Income
For Sale
Contact for pricing
Pending

544 N Central Avenue, Highwood, IL 60040

Turnkey two-unit property with updated interiors, in-unit laundry, and separate entrances, plus a detached two-car garage.

Property SizeContact for details
Days on Market65

Property Features for 544 N Central Avenue

General Information

Standard status Pending
Property subtype Multifamily
Zoning MULTI
Occupancy 100%

Additional Details

Business Included Yes
Highway Access Yes
Multifamily Units 2

Building Details

Year Built 1919
Stories 2
Tenancy Multi
Listing Agency: @properties Christie's International Real Estate
Listed By: Michael Glickman · License #IL 475181747
Source: Crexi
Added: Jun 17 Changed: Aug 8 Last Checked: Jul 24 at 4:25PM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This updated two-flat is set up for comfortable owner use and rental operation, with a spacious first-floor unit and a separate second-floor unit accessed by a separate entrance. The first floor includes an expanded kitchen with a large island, a new mudroom off the side entrance, 9-foot ceilings, hardwood floors in the living areas, a laundry closet, three bedrooms, and a fully remodeled bathroom with a walk-in shower. Two versatile front rooms can serve as home offices, a playroom, or additional flex living space, and the living room is described as sun-filled. The second-floor unit is currently leased through September 2027 and includes an updated kitchen and bathroom, its own laundry room, and access to a private balcony.

A clean, dry basement provides abundant storage. The property also features extensive updates throughout both units and includes a detached two-car garage for added convenience.

With two well-defined units, each with its own laundry and separate access, this home fits buyers looking to occupy one level while holding the other for rental income under an existing lease term. The layout supports everyday functionality for tenants, including flexible front-room space on the first floor, while the detached garage and basement storage add practical value for daily living.

Key Highlights

  • Updated two‑flat (2‑unit) built in 1919 with separate entrances for each unit
  • Second‑floor unit is leased at $2,500/month through September 2027
  • First‑floor unit features expanded kitchen with large island, new mudroom, 9‑foot ceilings, hardwood floors, and 3 bedrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Furniture & Home Goods Auto Parts Store Dental Office Law Firm

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

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

796
Businesses Nearby

Demographics for 60040, IL

5,102
Population
1,969
Households
2.6
Avg Household Size
37
Median Age
38%
College-Educated
80%
High-School Grad
0.8 sq mi
ZIP Area
6,378
Density / Sq Mi
$101,862
Median Household Income
$41,361
Median Earnings
$1,800
Median Rent
$454,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Turnkey two-unit property with updated interiors, in-unit laundry, and separate entrances, plus a detached two-car garage.
Where is this duplex located?
The property is located at 544 N Central Avenue Highwood, IL.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Updated two‑flat (2‑unit) built in 1919 with separate entrances for each unit; Second‑floor unit is leased at $2,500/month through September 2027; First‑floor unit features expanded kitchen with large island, new mudroom, 9‑foot ceilings, hardwood floors, and 3 bedrooms
(847) 502-0609 Call to check price and availability
More about this property
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