Elgin, IL 60123 572 Walnut Avenue

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Presented By: Stoll Real Estate
  • MLS# 12378503
  • 06/05/2025
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  • Beds • 3
  • Baths • 3
  • SQFT • 1,700
  • Garage • 1

Home Details

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.
Presented By: Stoll Real Estate

Interior Features for 572 Walnut Avenue

Bedrooms

Bedrooms Possible3
Total Bedrooms3

Bathrooms

Full Baths Building3
Half Baths Building
Total Baths3

Other Interior Features

BasementUnfinished, Full
Total Number of Units3

Other Rooms

Room TypeFoyer

General for 572 Walnut Avenue

CityElgin
Community FeaturesCurbs, Sidewalks, Street Lights, Street Paved
Construction MaterialsVinyl Siding
CountyKane
DirectionsRoute 31 to Walnut Ave
Electric Expense97
Elementary SchoolWashington Elementary School
Elementary School District46
Fuel Expense219
Garage Spaces
HeatingNatural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+
High SchoolLarkin High School
High School District46
MLS AreaElgin
Middle/Junior High SchoolAbbott Middle School
Middle/Junior School District46
ModificationTimestamp2025-06-05T20:04:02.169Z
New ConstructionNo
Other StructuresOther, Storage
OwnershipFee Simple
PossessionClosing, Tenant's Rights
Property TypeResidential Income
Property TypeTwo to Four Units
RoofAsphalt
SewerPublic Sewer
Standard StatusActive
StatusNew
Tax Annual Amount7343.48
Tax Year2024
Total Rooms10
TownshipElgin
Water Sewer Expense133
Year Built1863
ZoningOTHER

Exterior for 572 Walnut Avenue

Foundation DetailsConcrete Perimeter
Lot Dimensions50X157
Lot FeaturesNone
Other EquipmentCO Detectors, Ceiling Fan(s), Sump Pump
Parking FeaturesNo Garage, Off Site, Other, Garage
Total Parking0
Water SourcePublic
WaterfrontY/NNo

Additional Details

Price History

Schools

Middle School Abbott Middle School
High School Larkin High School
Elementary School Washington Elementary School

Client Care

Price $325,000
MLS#12378503
List Date 06/05/2025
Property Type Multi-Family
Phone 847.485.2500
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