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$327,500

  • Sold
  • Closed
  • Multi-Family
  • 3 Total Beds
See This Home
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See This Home
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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.

Full Property Details for 572 Walnut Ave

General

  • Sold For: $327,500
  • Taxes: $7,343 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12378503
  • Added to Site: 224 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Equipment: Carbon Monoxide Detectors, Ceiling Fan(s), Sump Pump

Parking

  • Garage: Yes
  • Parking Features: No Garage, Off Site, Other, Garage

Location

  • Area: Elgin
  • County: Kane
  • Driving Directions: Route 31 to Walnut Ave

School Information

  • School District: 46
  • Midd School District: 46
  • Elementary School: Washington Elementary School
  • Middle School: Abbott Middle School
  • High School: Larkin High School
  • Private School: Larkin High School

Heating & Cooling

  • Heating Type: Natural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+

Utilities

  • Water: Public

Structural Information

  • Construction: Vinyl Siding
  • Exterior Const.: Vinyl Siding
  • Basement Desc.: Unfinished, Full
  • Foundation: Concrete Perimeter
  • Roof: Asphalt
  • Year Built: 1863
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 3

Additional Structures

  • Other Structures: Other, Storage

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 50 x 157
  • Lot Features: None
  • Zoning: OTHER

Financial Considerations

  • Parking Included: Yes
  • Assessment Year: 1863
  • Tax Amount: $7,343.48
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 623201008

Listed by Stoll Real Estate
Sold by eXp Realty - Chicago North Ave

Listing agent

— 572 Walnut Ave —

  • Stoll Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 572 Walnut Ave

School District:School District U-46
NameGradesDistance
Washington Elementary School, Elgin, IL
819 West Chicago Street, Elgin, IL 60123
K-60.5 mi
Abbott Middle School, Elgin, IL
949 Van Street, Elgin, IL 60123
7-80.6 mi
Larkin High School
1475 Larkin Avenue, Elgin, IL 60123
9-121.1 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 572 Walnut Ave

Date
Details
Price
Change
Source
7/18/2025
Sold
$327,500
0.77%
MLS
6/05/2025
Listed
$325,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Stoll Real Estate
Sold by eXp Realty - Chicago North Ave

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572 Walnut Avenue, Elgin, IL 60123 (MLS# 12378503) is a Multi-Family property that was sold at $327,500 on July 18, 2025. Want to learn more about 572 Walnut Avenue? Do you have questions about finding other Multi-Family real estate for sale in Elgin? You can browse all Elgin real estate or contact a Coldwell Banker agent to request more information.