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Sold on 06/22/2025
Andrew Stoll of Stoll Real Estate
  • Other
  • Exterior
  • Living
  • Dining
  • Kitchen
  • Bedroom
  • Bath

572 Walnut Ave, Elgin, IL 60123

  • $327,500

    Last sold 06/22/2025 after 17 Days

  • 3

    bed

  • 3

    bath

Multi-family not for sale
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About 572 Walnut Ave

Property type Multi-family
Neighborhood
Year built 1863
HOA fee $0/month
Property 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.
Listed by
Listing Agent - Andrew Stoll
Listing Office - Stoll Real Estate
Source: MRED mls logo
MLS#12378503 • last updated 9 months ago
Movoto checked MRED for data 15 minutes ago
Overview
MLS # 12378503
Status Closed
Type Two To Four Units
Property Tax $ 7343.48
Year Built 1863
Interior
Add'l Room(s) Foyer
Total # of Rooms 10
Exterior
Foundation Concrete Perimeter
Roof Asphalt
Construction Vinyl Siding
Patio and Porch Porch
Lot Desc Less Than 0.25 Acre, None
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
Water Source Public
# Units in Building 3
Location
Area Elgin
County Kane
Elementary School Washington Elementary School
Elementary School District 46
High School Larkin High School
Middle School District 46
Middle School Abbott Middle School
High School District 46
APN 623201008
Zoning OTHER
Directions Route 31 To Walnut Ave
Multifamily Details
Expense: Other 40
Expense: Electricity 97
Expense: Fuel 219
Expense: Water/ Sewer 133
  • Jul 2025
    mls logo MLS # 12378503
  • Jul 18, 2025 Sold
    $327,500 (+0.8%)
  • Jun 23, 2025 Active
    —
  • Jun 5, 2025 Listed
    $325,000 (+18.2%)
  • Feb 2022
    mls logo MLS # 11284521
  • Feb 10, 2022 Sold
    $275,000
  • Dec 18, 2021 Active
    —
  • Dec 9, 2021 Listed
    $275,000

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Nearby homes for sale in Elgin, IL

  • Real Estate
  • IL
  • Kane County
  • Elgin
  • 60123
  • Near West Elgin
  • 572 Walnut Ave
We are not permitted to show value estimates for this property.

Nearby recently sold homes in Elgin, IL

  • 572 Walnut Ave
    $327K
  • Near West Elgin
    $185K -45% y/y
  • 60123
    $299K -7% y/y
  • Elgin
    $479K +12% y/y
No chart available
Statistics calculated by Movoto
4/10
Washington Elementary School
public Grades PK, K-6
School District U-46
1/10
Abbott Middle School
public Grades 7-8
School District U-46
2/10
Larkin High School
public Grades 9-12
School District U-46
Source: GreatSchools.org © 2026. All rights reserved.
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