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  • $327,500

    572 Walnut Ave, Elgin, IL 60123

    3beds
    --sqft
    Multi Family
    Built in 1863
    -- sqft lot
    $327,600 Zestimate®
    $--/sqft
    $2,521 Estimated rent

    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: 7 hours ago

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

    Listing courtesy of:

    Andrew Stoll 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
    Services availability
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    $327,600
    2% more+ $6,552
    With Zillow Showcase(estimated)
    $334,152