43 Clay Ave

2,874 Sq. Ft.
$278 / Sq. Ft.
2,874
Sq. Ft.
$278
per Sq. Ft.

Description

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....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
  1. Listed by Eugene Abbott • Baird & Warner
    P: (847)-668-8955 jim.abbott@bairdwarner.com

Property Details for 43 Clay Avenue

Area
Highwood
Township
Moraine
Ownership
Fee Simple
Num Of Parking Spaces
6.0
Parking Included in Price
Yes
Heat/Fuel
Natural Gas, Forced Air, Hot Water/Steam
LISTING UPDATED: 03/17/2026 09:53 AM

Property Details for 43 Clay Avenue

StatusActive
MLS #12578540
Days on Market22
Taxes$8,730 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / Two to Four Units-Other
Year Built1933
Lot Size-
CountyLake County

Location

Listing Courtesy of Baird & Warner
Add your commute

Building Information for 43 Clay Avenue

Stories-Residences3Year Built1933Building Size-Lot Size-

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$4,610 per month

30 year fixed, 6.11% Interest

Principal and Interest

$3,883

Property Taxes

$728

HOA Dues

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Property Information for 43 Clay Avenue

General Information
School Information
  • Elementary School District: 112
  • Elementary School: Wayne Thomas Elementary School
  • Jr High Middle School: Northwood Junior High School
  • High School District: 113
  • High School: Highland Park High School
  • Middle Or Junior School District: 112
Addtl Parking Information
  • Parking Details: Yes, Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 14
  • Bedrooms Total: 5
  • Bedrooms (Below Grade): 0
  • Basement Type: None
  • Bedrooms Possible: 5
  • Basement Bathrooms: No
  • # Full Baths in Building: 3
  • # Half Baths in Building: 1
  • Num of Baths: 3.1
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Lake Michigan, Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2025
  • Built Before 1978: Yes
  • Age: 91-100 Years
  • Lot Size: Less Than .25 Acre
  • Lot Dimensions: 135X36X125X68
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Construction: Brick
  • General Information: None
  • 3 Br Un In Bldg: Yes
Property and Assessments
  • Public Document Count: 4
  • Document Date: 2026-03-17T14:51:15
  • Photos Count: 24
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Additional Media Type 1: Video
Multi Family
Income & Expenses
  • Electric Expense: $2,495.00
  • Fuel Expense: $2,950.00
  • Insurance Expense: $2,000.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Actual
  • Water Expense Source: Owner Projection
  • Professional Management Expense: $700.00
  • Water Sewer Expense: $3,466.00
  • Other Expenses $: 450
Unit 1
  • Unit Type Actual Rent: $3,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 1
  • Lease Expiration Date: 04/27
Unit 2
  • Unit Type Actual Rent: $1,625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Lease Expiration Date: 04/27
Unit 3
  • Unit Type Actual Rent: $1,625.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 04/27

Property History for 43 Clay Avenue

DateEvent & SourcePriceAppreciation
Feb 28, 2026

Listed (Active)

MRED #12578540

$800,000
Dec 3, 2024

Sold (Public Record)

Public Record #1546409324

$649,000
Dec 3, 2024

Sold

MRED #12183798

$649,000
Oct 24, 2024

Pending

MRED #12183798

Oct 24, 2024

Contingent

MRED #12183798

Oct 23, 2024

Listed (Active)

MRED #12183798

$649,900
Oct 14, 2024

Contingent

MRED #12183798

Oct 11, 2024

Listed (Active)

MRED #12183798

$649,900
DateEvent & SourcePrice
02/28/2026

Listed (Active)

MRED #12578540

$800,000
12/03/2024

Sold (Public Record)

Public Record #1546409324

$649,000
12/03/2024

Sold

MRED #12183798

$649,000
10/24/2024

Pending

MRED #12183798

10/24/2024

Contingent

MRED #12183798

10/23/2024

Listed (Active)

MRED #12183798

$649,900
10/14/2024

Contingent

MRED #12183798

10/11/2024

Listed (Active)

MRED #12183798

$649,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 43 Clay Avenue

Taxable ValueLand$27,795Additions$79,635Total$107,430
Tax Record2024$8,195 ($683 / month)
Home Facts
Baths3Total Finished SqFt3,082 SqFtAbove Grade Finished SqFt3,082 SqFtStories2Lot Size5,955 SqFtStyleDuplexYear Built1933Year Renovated1941CountyLAKEAPN16-15-210-002

Schools near 43 Clay Avenue

This home is within Twp Hsd 113 School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Wayne Thomas Elementary School
PublicK to 5

Northwood Jr High School
Public6 to 8

Highland Park High School
Public9 to 12

Oak Terrace Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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43 Clay Avenue is a multi-family home for sale in Highwood, IL 60040. This property was listed for sale on February 28, 2026 by Baird & Warner, it's currently listed at $800,000. It has been on the market for a total of 22 days and was last sold on December 3, 2024. This listing's school districts are North Shore School District 112, Twp Hsd 113 School District. Nearby schools include Wayne Thomas Elementary School, Northwood Jr High School and Highland Park High School. 43 Clay Avenue is a 5-bed, 4-bath, 2,874 sqft multi-family home built in 1933.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird & Warner

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/17/2026 09:53 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.