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Newly Built Apartments Trade in Highwood
CBRE recently arranged the sale of Webster Place, a newly built 13-unit multifamily property located at 25 Clay Ave. & 20 Webster Ave. in the downtown Highwood, IL. The property sold for $5.15 million in a transaction between undisclosed parties.
Justin Ross and David Guenther with CBRE represented the seller in the transaction.
“There is a very strong demand from residents for properties like Webster Place in the North Shore neighborhood,” said Ross. “The units were fully leased with minimal concessions within a few months which is a testament to both Chicago’s market fundamentals and the overall quality of the property.”
Completed in 2020, Webster Place is comprised of 13 three-bedroom two and a half bathroom units, each with a two-car garage. It’s located near Sheridan Road, one of the main retail streets in Highwood, and is less than a mile from Lake Michigan.
- ◦Sale


