572 Walnut Avenue, Elgin, IL 60123
- Beds
- 3
- Baths
- 3
View property features, location on map, relevant school information and overview from seller's agent.
- 2
- 0
Overview
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
Full feature list
Basic info
- Number of bedrooms
- 3
- Number of bathrooms
- 3
- Year built
- 1863
Interior features
- Basement
- Yes, Unfinished
Utilities
- Heating
- Natural gas, Forced air, Steam, Radiant
- Cooling
- Ceiling fan(s)
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Electricity
- $97
Taxes
- Tax Annual Amount (2024)
- $7,343.48
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12378503 Last checked: …

Based on information submitted to the MLS GRID as of . 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.