572 Walnut Ave Elgin, IL 60123
Near West Elgin Neighborhood
3
Beds
3
Baths
--
Sq Ft
1863
Built
Highlights
- Porch
- Outdoor Storage
- Ceiling Fan
- Entrance Foyer
- Two Heating Systems
- Heating System Uses Steam
About This Home
As of July 2025Well-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.
Last Agent to Sell the Property
Stoll Real Estate License #471018925 Listed on: 06/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,343
Year Built
- Built in 1863
Lot Details
- Lot Dimensions are 50x157
- Paved or Partially Paved Lot
Parking
- Parking Included in Price
Home Design
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Entrance Foyer
- Carbon Monoxide Detectors
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 3 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Sump Pump
Outdoor Features
- Outdoor Storage
- Porch
Schools
- Washington Elementary School
- Abbott Middle School
- Larkin High School
Utilities
- Two Heating Systems
- Forced Air Heating System
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Radiant Heating System
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $97
- Fuel Expense $219
- Water Sewer Expense $133
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 9, 2021
Closed on
Feb 3, 2022
Sold by
Herbert & Rosalyn E Davenport Living Tru
Bought by
Feliciano Joel
Seller's Agent
Kelly West
Century 21 New Heritage - Hampshire
Buyer's Agent
Tamara O'Connor
Premier Living Properties
List Price
$275,000
Sold Price
$275,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$261,250
Outstanding Balance
$244,428
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$79,712
Purchase Details
Closed on
Jun 5, 2002
Sold by
Davenport Herbert and Davenport Rosalyn E
Bought by
Davenport Rosalyn E and Herbert & Rosalyn E Davenport Living Tru
Similar Homes in Elgin, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $275,000 | Ariano Hardy Ritt Nyuli Richmo | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $261,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $327,500 | +0.8% | -- |
| 06/22/2025 06/22/25 | Pending | -- | -- | -- |
| 06/05/2025 06/05/25 | For Sale | $325,000 | +18.2% | -- |
| 02/09/2022 02/09/22 | Sold | $275,000 | 0.0% | -- |
| 12/18/2021 12/18/21 | Pending | -- | -- | -- |
| 12/10/2021 12/10/21 | For Sale | $275,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $7,001 | $90,126 | $13,655 | $76,471 |
| 2022 | $7,126 | $82,179 | $12,451 | $69,728 |
| 2021 | $6,855 | $76,832 | $11,641 | $65,191 |
| 2020 | $6,690 | $73,348 | $11,113 | $62,235 |
| 2019 | $6,526 | $69,869 | $10,586 | $59,283 |
| 2018 | $6,507 | $65,821 | $9,973 | $55,848 |
| 2017 | $6,400 | $62,224 | $9,428 | $52,796 |
| 2016 | $6,157 | $57,727 | $8,747 | $48,980 |
| 2015 | -- | $52,912 | $8,017 | $44,895 |
| 2014 | -- | $52,259 | $7,918 | $44,341 |
| 2013 | -- | $53,638 | $8,127 | $45,511 |
Source: Public Records
Agents Affiliated with this Home
-
Andrew Stoll
Seller's Agent in 2025
Andrew Stoll
Stoll Real Estate
(847) 214-1619
3 in this area
173 Total Sales
-
B H
Buyer's Agent in 2025
B H
eXp Realty - Chicago North Ave
(630) 465-7413
55 Total Sales
-
Kelly West
Seller's Agent in 2022
Kelly West
Century 21 New Heritage - Hampshire
(847) 962-4656
1 in this area
84 Total Sales
-
Tamara O'Connor
Buyer's Agent in 2022
Tamara O'Connor
Premier Living Properties
(630) 485-4214
1 in this area
557 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12378503
APN: 06-23-201-008
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