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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12578540MLS Provider

43 Clay AvenueHighwood, IL 60040

Multi-Family · 5 Beds
$775,000 Active

43 Clay Avenue Overview

Time on Site:
122 days
Visits:
2

Exceptional investment opportunity in the heart of downtown ! Perfectly situated on a quiet one-way street within the city's vibrant business district, this beautifully maintained and newly remodeled three-flat has been thoughtfully updated from top to bottom. Each unit showcases stylish new kitchens and baths with modern cabinetry, quartz countertops, updated lighting and fixtures, new tile, most new appliances, refinished hardwood floors, luxury vinyl plank flooring, and durable epoxy flooring. Major exterior improvements include a newer roof, siding, and gutters for added peace of mind. The spacious first-floor unit features three bedrooms, one and a half baths, a bright living area, a versatile den or office, and a private laundry room. The second floor has two units, each are one-bedroom, one-bath units, each with comfortable living areas, plus shared laundry conveniently located on the first floor. A fully fenced yard and ample parking complete the property. Just blocks from the Metra train, dining, shopping, parks, bike paths, and beautiful -and with quick access to Route 41/94 and the tollway-this multi-unit property offers outstanding rental income potential, future redevelopment possibilities, and a rare chance to own a turnkey asset in one of the North Shore's most dynamic communities. Quick close available. PLEASE NOTE PHOTOS ARE VIRTUALLY STAGED

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43 Clay Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 113
  • Elementary School: Wayne Thomas Elementary School
  • Middle Or Junior School: Northwood Junior High School
  • High School: Highland Park High School

Income/Expenses

  • Electric Expense: 2495
  • Fuel Expense: 2950
  • Insurance Expense: 2000
  • Water Sewer Expense: 3466

Building Information

  • New Construction: No
  • Year Built: 1933

Location/Region

  • County Or Parish: Lake
  • MLS Area Major: Highwood
  • Township: Moraine

Tax Information

  • Tax Annual Amount: $8,730.18
  • Tax Year: 2024

General Information

  • New Construction: No
  • Ownership: Fee Simple
  • Parcel Number: 16152100020000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 1

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 3

General Information

  • Basement: None
  • Heating: Natural Gas, Forced Air, Steam
  • Rooms Total: 14

Exterior

Parking Information

  • Parking Features: Yes, Owned
  • Parking Total: 6

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 135X36X125X68
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 3200
  • Beds Total: 3
  • Baths Total: 2

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1625
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1625
  • Beds Total: 1
  • Baths Total: 1

43 Clay Avenue Neighborhood

Community

60040 (Highwood) Demographics

35
Median Age
7,476
Population Density (per sq. mile)
43%
College Educated
$74,875
Estimated Median Income
777
Estimated Total Home Owners
1,190
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

43 Clay Avenue Monthly Cost

$
$ %
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$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

43 Clay Avenue Market Data

Based on the last 30 days in this zip code

$732,000
Average List Price
$324
Average Price per Square Foot
1
Properties Sold
68
Average Days on Market
7
Properties for Sale
Calculations provided by Reliance Network

43 Clay Avenue History

Date Event Value Agent
5/4/2026Source: MRED Status Change
Active
4/29/2026Source: MRED Status Change
Price Change
4/16/2026Source: MRED Status Change
Contingent
4/11/2026Source: MRED Price Reduction
$775,000 -3.1%
4/10/2026Source: MRED Price Increase
$800,000 0.0%
4/10/2026Source: MRED Status Change
Price Change
4/6/2026Source: MRED Status Change
Contingent
4/6/2026Source: MRED Status Change
Re-activated
3/28/2026Source: MRED Price Reduction
$799,999 -0.0%
3/28/2026Source: MRED Status Change
Price Change
3/4/2026Source: MRED Status Change
Active
2/27/2026Source: MRED Added to Database
February 27, 2026
12/3/2024Source: MRED Status Change
Closed
10/24/2024Source: MRED Status Change
Contingent
10/23/2024Source: MRED Status Change
Re-activated
10/15/2024Source: MRED Status Change
Contingent
10/11/2024Source: MRED Added to Database
October 11, 2024