Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$340,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
  • 2 Car Garage
See This Home
Save This Home
See This Home
Save This Home
Charming Two-Unit Investment Opportunity in the Heart of Downtown Crystal Lake! Fantastic opportunity to own a well-maintained two-unit building ideally located near schools, the local library, restaurants, and all that downtown Crystal Lake has to offer. Each unit features 2 bedrooms and 1 full bath, with convenient laundry options - washer and dryer in the basement for the first floor and in-unit laundry for the second floor. Detached 2-car garage for added convenience. The property also offers a spacious backyard, perfect for outdoor activities or future improvements. Surrounded by mature trees and greenery, this home offers a peaceful setting just steps from all that downtown Crystal Lake has to offer. Enjoy a prime walkable location just minutes from the Metra station, Main Beach, shopping, parks, and biking trails. Both units are occupied by long-term tenants, providing steady income and reliability. With its central location, strong rental history, and great amenities, this property is a fantastic investment opportunity in one of Crystal Lake's most desirable neighborhoods! Property is Sold As Is

Full Property Details for 40 S Walkup Ave

General

  • Price: $340,000
  • Taxes: $7,883 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12498748
  • Updated: 12/2/2025
  • Added to Site: 92 day(s) ago

Rental Information

  • Complex Features: Sidewalks, Street Lights

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Upper - Full Baths: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Equipment: Ceiling Fan(s)

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Total Spaces: 4
  • Parking Features: Yes, Garage Owned, Detached, Driveway, Owned, Garage

Location

  • Area: Crystal Lake / Lakewood / Prairie Grove
  • County: McHenry
  • Township: Algonquin
  • Driving Directions: McHenry Ave NORTH TURN RIGHT TO CRYSTAL LAKE RD AND RIGHT TO WALKUP

School Information

  • School District: 47
  • Elem School District: 47
  • Midd School District: 47
  • High School District: 155
  • Elementary School: Husmann Elementary School
  • Middle School: Richard F Bernotas Middle School
  • High School: Crystal Lake Central High School
  • Private School: Crystal Lake Central High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air, Individual Controls

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Info: Victorian
  • Architectural Style: Victorian
  • Model: 2 UNIT
  • Construction: Vinyl Siding, Frame
  • Exterior Const.: Vinyl Siding, Frame
  • Basement: Yes
  • Basement Desc.: Unfinished, Stone/Rock, Full
  • Foundation: Stone
  • Roof: Asphalt
  • Year Built: 1940
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 2

Manufactured Home

  • Model: 2 UNIT

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 58 x 187
  • Lot Features: Corner Lot

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1940
  • Tax Amount: $7,883.14
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1905205018

Listed by Keller Williams Inspire

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 40 S Walkup Ave —

  • Keller Williams Inspire

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Get a Great Insurance Rate

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 40 S Walkup Ave

School Districts:Crystal Lake Community Consolidated School District 47, Community High School District 155
NameGradesDistance
Husmann Elementary School
131 West Paddock Street, Crystal Lake, IL 60014
K-50.2 mi
Richard F Bernotas Middle School
170 North Oak Street, Crystal Lake, IL 60014
6-80.9 mi
Crystal Lake Central High School
45 West Franklin Street, Crystal Lake, IL 60014
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40 S Walkup Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/18/2025
Listed
$340,000
220.75%
MLS
12/28/2011
Sold
$106,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40 S Walkup Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,883
3%
$93,117
12%
2023
$7,668
100%
$83,282
27%
2022
-100%
$65,794
7%
2021
$5,920
—
$61,295
4%
2021
$5,920
14%
$59,125
14%
2019
$5,186
6%
$51,950
8%
2018
$4,888
—
$47,991
6%
2017
$4,880
2%
$45,211
7%
2016
$4,782
1%
$42,404
7%
2015
$4,720
-13%
$39,772
-10%
2014
$5,395
1%
$44,390
-4%
2013
$5,365
3%
$46,345
-6%
2012
$5,209
—
$49,403
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 40 S Walkup Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Keller Williams Inspire

Just Listed near 40 S Walkup Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

7215 Inverway Dr, Lakewood, IL 60014 - Photo 1 Just Listed
$734,900

7215 Inverway Dr  Lakewood, IL 60014

  • Single Family
  • Active
  • Updated 3 days ago
  • 5
    Beds
  • 4
    Total Baths
  • 3,967
    Sq. Ft.
939 Mesa Dr, Lake in the Hills, IL 60156 - Photo 1 Just Listed
$252,000

939 Mesa Dr  Lake in the Hills, IL 60156

  • Townhouse
  • Active
  • Updated 2 hours ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,482
    Sq. Ft.
256 Haber Ct, Cary, IL 60013 - Photo 1 Just Listed
$329,000

256 Haber Ct  Cary, IL 60013

  • Townhouse
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,200
    Sq. Ft.
417 Haber Rd, Cary, IL 60013 - Photo 1 Just Listed
$399,000

417 Haber Rd  #6  Cary, IL 60013

  • Condo / Townhouse
  • Active
  • Updated 13 hours ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,910
    Sq. Ft.

Price Reduced near 40 S Walkup Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

8225 Polo Ct, Lakewood, IL 60014 - Photo 1 Price Reduced
-$5,000 (-1.54%)
$319,900

8225 Polo Ct  #8225  Lakewood, IL 60014

  • Townhouse
  • Active
  • Updated 3 days ago
  • 3
    Beds
  • 3
    Total Baths
  • 1,787
    Sq. Ft.
4801 Barreville Rd, Prairie Grove, IL 60012 - Photo 1 Price Reduced
-$50,000 (-5.56%)
$850,000

4801 Barreville Rd  Prairie Grove, IL 60012

  • Single Family
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 3
    Total Baths
  • 6,180
    Sq. Ft.
9114 Virginia Rd, Lake in the Hills, IL 60156 - Photo 1 Price Reduced
-$2 (-15.38%)
$11

9114 Virginia Rd  #108  Lake in the Hills, IL 60156

  • Commercial Lease
  • Active
  • Updated 4 days ago
30 Arbordale Ct, Algonquin, IL 60102 - Photo 1 Price Reduced
-$10,000 (-3.45%)
$279,900

30 Arbordale Ct  #30  Algonquin, IL 60102

  • Townhouse
  • Active
  • Updated 3 days ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,366
    Sq. Ft.

Recent Sales near 40 S Walkup Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

84 S Caroline St, Crystal Lake, IL 60014 - Photo 1 Sold
$376,000

84 S Caroline St  Crystal Lake, IL 60014

  • Single Family
  • Closed
  • 4
    Beds
  • 2
    Total Baths
  • 2,193
    Sq. Ft.
26 Hill Dr, Crystal Lake, IL 60014 - Photo 1 Sold
$295,000

26 Hill Dr  Crystal Lake, IL 60014

  • Single Family
  • Closed
  • 2
    Beds
  • 2
    Total Baths
  • 956
    Sq. Ft.
Lots 1-20 Grant St, Crystal Lake, IL 60014 - Photo 1 Sold
$380,000

Lots 1-20 Grant St  Crystal Lake, IL 60014

  • Lots/Land
  • Closed
  • 0.43
    Acres
132 S McHenry Ave, Crystal Lake, IL 60014 - Photo 1 Sold
$289,000

132 S McHenry Ave  Crystal Lake, IL 60014

  • Multi-Family
  • Closed
  • 3
    Total Beds

40 S Walkup Avenue, Crystal Lake, IL 60014 (MLS# 12498748) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 40 S Walkup Avenue is currently listed for $340,000 and was received on October 18, 2025. Want to learn more about 40 S Walkup Avenue? Do you have questions about finding other Multi-Family real estate for sale in Crystal Lake? You can browse all Crystal Lake real estate or contact a Coldwell Banker agent to request more information.

Tour this property