Homes for sale - 572 Walnut Avenue, Elgin, IL 60123

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Andy Svalesen

andy@andysellschicago.com +1(312) 248-9882

$325,000

Est. payment - /mo

3 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12378503

Bedrooms 3

Year Built 1863

Annual Tax Amount $7,343

Tax Year 2024

Lot Dimensions 50X157

Property Sub-Type Two to Four Units

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.

Location

State IL

County Kane

Community Curbs, Sidewalks, Street Lights, Street Paved

Zoning OTHER

Rooms

Basement Unfinished, Full

Interior

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

Fireplace N

Exterior

View Y/N true

Roof Type Asphalt

Building

Lot Description None

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Washington Elementary School

Middle Schools Abbott Middle School

High Schools Larkin High School

School District 46, 46, 46

Others

Ownership Fee Simple

Special Listing Condition None

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Listed by Andrew Stoll • Stoll Real Estate

572 Walnut Avenue Elgin, IL 60123