572 Walnut Avenue, Elgin, Illinois 60123
$327,500
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 3 |
| Baths: | 0 |
| Year Built: | 1863 |
| Property Taxes: | $7,343 |
| Days On Market: | 96 |
| Lot Size: | 0,00 |
Description
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.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1863 | |
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| No | |
| — |
| Kane | |
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| — / — | |
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| — | |
| 12378503 | |
| 0623201008 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Washington Elementary School |
46 | — | |
|
Middle School
Abbott Middle School |
46 | Not in DB | |
|
High School
Larkin High School |
46 | Not in DB | |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 9 Feb, 2022 | Sold | $275,000 | MRED MLS |
| 18 Dec, 2021 | Under contract | $275,000 | MRED MLS |
| 9 Dec, 2021 | Listed for sale | $275,000 | MRED MLS |
| 18 Jul, 2025 | Sold | $327,500 | MRED MLS |
| 22 Jun, 2025 | Under contract | $325,000 | MRED MLS |
| 5 Jun, 2025 | Listed for sale | $325,000 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 3
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 0 | |
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| 50X157 | |
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| — | |
| — | |
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| Not in DB | |
| — | |
| — | |
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| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2022 | $6,690 |
| 2025 | $7,343 |
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Listing Provided By
Stoll Real Estate
