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  • $327,500

    572 Walnut Ave, Elgin, IL 60123

    3beds
    --sqft
    Multi Family
    Built in 1863
    -- sqft lot
    $333,300 Zestimate®
    $--/sqft
    $2,271 Estimated rent

    Home value

    $333,300

    $300,000 - $370,000

    $2,271/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: July 18, 2025 at 12:32pm

    Listing courtesy of:

    Andrew Stoll, ABR,e-PRO,SRS 847-214-1619,

    Stoll Real Estate

    Bought with:

    Brian Hochstetter

    eXp Realty - Chicago North Ave

    Source: MRED as distributed by MLS GRID,MLS#: 12378503MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Parking features: No Garage, Off Site, Other, Garage
    Features
    • Patio & porch: Porch
    Lot
    • Size: 7,850 sqft
    • Dimensions: 50X157
    • Features: None
    Details
    • Additional structures: Other, Storage
    • Parcel number: 0623201008
    • Zoning: OTHER
    • Special conditions: None
    • Other equipment: Ceiling Fan(s), Sump Pump

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Concrete Perimeter
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1863

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s)
    Community
    • Community features: Curbs, Sidewalks, Street Lights, Street Paved
    Location
    • Region: Elgin

    Other

    Other facts
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/18/2025Sold$327,500+0.8%
    Source: MRED as distributed by MLS GRID #12378503
    6/23/2025Contingent$325,000
    Source: MRED as distributed by MLS GRID #12378503
    6/5/2025Listed for sale$325,000+18.2%
    Source: MRED as distributed by MLS GRID #12378503
    2/9/2022Sold$275,000
    Source: MRED as distributed by MLS GRID #11284521
    12/18/2021Contingent$275,000
    Source: MRED as distributed by MLS GRID #11284521

    Public tax history

    YearProperty taxesTax assessment
    2024$7,343 +4.9%$99,761 +10.7%
    2023$7,001 -1.8%$90,126 +9.7%
    2022$7,126 +4%$82,179 +7%

    Find assessor info on the county website

    Neighborhood: Near West Elgin

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Washington Elementary School
    • Middle: Abbott Middle School
    • High: Larkin High School
    • District: 46

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

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    $333,300
    2% more+ $6,666
    With Zillow Showcase(estimated)
    $339,966