Sold265d on marketHistoric · 163 yrs
572 Walnut Ave
Elgin, IL, 60123 • Near West Elgin • Kane County
$327,500
3Beds
3Baths
0.18 acLot
1863Built
Property DNA
Character Home
Built 1863 · 163 years of history
Outdoor Living
Porch
Special Features
Other · Storage
This home is getting attention
Listed 265 days ago · 4 views
Market activity
Demand and pricing signals for this listing
4 views
People checking out this listing
265 days on market
Established listing
Selling Soon Prediction
HighThis home ranks in the top 22% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1863 · Historic
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.
Standout features identified
Our analysis highlights freshly updated upstairs studio and new carpeting as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,042/month
Principal & Interest$1,605
Property Tax$328
Insurance$109
Down payment20% ($65,500)
3%50%
Est. 6.20% rate · 30yr fixed · $262,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1863
HeatingNatural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+
ParkingNo Garage, Off Site, Other, Garage
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1863
Systems
HeatingNatural Gas, Forced Air, Steam, Radiant, Sep Heating Systems - 2+
RoofAsphalt
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingNo Garage, Off Site, Other, Garage
BasementUnfinished,Full
Lot7,850 sqft
Location & Tax
NeighborhoodNear West Elgin
ZoningOTHER
Annual tax$7,343
Parcel0623201008
Bathrooms & Fees
Full baths3
Features & details
9 categories of property features
Interior Features
Heating
Natural Gas
Forced Air
Steam
Radiant
Sep Heating Systems - 2+
Exterior Features
Parking
No Garage
Off Site
Other
Garage
Construction
Vinyl Siding
Patio & Porch
Porch
Lot Features
None
Community
Curbs
Sidewalks
Street Lights
Street Paved
Security
Carbon Monoxide Detector(s)
Other Equipment
Ceiling Fan(s)
Sump Pump
Other Structures
Other
Storage
Listing insights
Market data and value estimates
StatusSold
Days on market265
Est. value$337,500
Est. rent$2,329/mo
Tax rate2.15%
On marketJun 5, 2025
PostedJun 5, 2025
Last sold$327,500
MLS statusClosed
MLS updatedJul 18, 2025
Tour days6
Views4
How are the schools in Elgin?
3 schools rated nearby
Location
Elgin, IL, 60123
Price history
6 events
DateEventPrice$/sqftSource
Jul 18, 2025Sold$327,500—MRED as distributed by MLS GRID
Jun 23, 2025Contingent$325,000—MRED as distributed by MLS GRID
Jun 5, 2025Listed For Sale$325,000—MRED as distributed by MLS GRID
Feb 9, 2022Sold$275,000—MRED as distributed by MLS GRID
Dec 18, 2021Contingent$275,000—MRED as distributed by MLS GRID
Dec 10, 2021Listed For Sale$275,000—MRED as distributed by MLS GRID
Sold$327,500
Jul 18, 2025•MRED as distributed by MLS GRID
Contingent$325,000
Jun 23, 2025•MRED as distributed by MLS GRID
Listed For Sale$325,000
Jun 5, 2025•MRED as distributed by MLS GRID
Sold$275,000
Feb 9, 2022•MRED as distributed by MLS GRID
Contingent$275,000
Dec 18, 2021•MRED as distributed by MLS GRID
Listed For Sale$275,000
Dec 10, 2021•MRED as distributed by MLS GRID
Tax history
24 years of records
YearTax paidAssessed value
Apr 10, 2024$7,343$99,761
Apr 10, 2023$7,001$90,126
Apr 10, 2022$7,126$82,179
Apr 10, 2021$6,855$76,832
Apr 10, 2020$6,690$73,348
Apr 10, 2019$6,526$69,869
Apr 10, 2018$6,507$65,821
Apr 10, 2017$6,400$62,224
Apr 10, 2016$6,157$57,727
Apr 10, 2015—$52,912
Apr 10, 2014—$52,259
Apr 10, 2013—$53,638
Apr 10, 2011—$70,924
Apr 10, 2010—$78,499
Apr 10, 2009—$84,154
Apr 10, 2008—$84,154
Apr 10, 2007—$81,449
Apr 10, 2006—$78,173
Apr 10, 2005—$73,409
Apr 10, 2004—$68,761
Apr 10, 2003—$63,792
Apr 10, 2002—$59,066
Apr 10, 2001—$54,971
Apr 10, 2000—$52,314
Nearby homes
Neighborhood details
Local context around this listing
Elgin, IL • Kane County
Nearby neighborhoods
Cobblers CrossingCollege GreenCollege ParkGifford ParkGrant ParkNorth Country KnollsNortheastern ElginSoutheast ElginSouthwest ElginValley Creek
Nearby cities
Arlington HeightsAuroraChicagoCiceroDes PlainesElginEvanstonOrland Park
Nearby zip codes
60120601216012360124
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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)
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