572 Walnut Avenue
Elgin, IL 60123
Map
- 3 beds
- 3 baths
- – sqft
- 7,850 sqft lot
- 1863 build
- – on site
Well-maintained 3-unit investment property with stable rental income and long-term tenants. Main unit features 1 bed, 1 bath, and an additional room ideal for an office. Recently repainted with new carpeting. Tenant has access to storage in both the basement and back area. Basement includes shared laundry (for Unit 1), was sealed less than a year ago, and has a new water heater (2024). Radiant heat in Units 1 & 2; Unit 3 has central heat/AC. Unit 2 is a freshly updated upstairs studio with new flooring in the kitchen and bath, leased through April 2026. Unit 3 is a 1 bed, 1 bath with a long-term tenant (over 20 years) who assists with exterior upkeep. Lease runs through July 2026. Bonus income from an additional garage space currently rented as storage on a month-to-month basis at $125/month. Separate storage spaces available for each unit. Excellent location for an investment property as it's just minutes from downtown Elgin, RT20, I90, and multiple Metra stops. Great rental history and solid cash flow make this an ideal addition to any investment portfolio.
Last checked:
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Last updated Jun 11, 2025
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MLS# 12378503 —
The Building
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Year Built:1863
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Rebuilt:No
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New Construction:false
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New Construction:No
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Construction Materials:Vinyl Siding
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Roof:Asphalt
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Basement:Unfinished, Full
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Foundation Details:Concrete Perimeter
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Patio And Porch Features:Porch
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Other Equipment:CO Detectors, Ceiling Fan(s), Sump Pump
Interior
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Room Type:Foyer
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Rooms Total:10
Location
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Directions:Route 31 to Walnut Ave
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Location:537
The Property
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Parcel Number:0623201008
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Property Type:Residential Income
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Location:A
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Lot Features:None
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Lot Size Dimensions:50X157
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Zoning:OTHER
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (847) 214-1619
- Office phone:
- (847) 214-1619
Taxes
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Tax Year:2024
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Tax Annual Amount:7343.48
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
Baths
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Baths:3
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Full Baths:3
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Natural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+
Utilities
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Washington Elementary School
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Elementary School District:46
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Middle Or Junior School:Abbott Middle School
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Middle Or Junior School District:46
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High School:Larkin High School
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High School District:46
The Community
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Community Features:Curbs, Sidewalks, Street Lights, Street Paved
Parking
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Parking Features:No Garage, Off Site, Other, Garage
Extra Units
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Other Structures:Other, Storage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/5/25
Jun 5, 2025
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Listed / Active | MRED | $325,000 | 18.2% (5.5% / YR) |
|
2/9/22
Feb 9, 2022
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MRED | $275,000 | ||
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12/18/21
Dec 18, 2021
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MRED | $275,000 |
