Pending price: $325,000
Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
3 |
— |
1863 |
— |
0 |
$7,343 |
29 days |
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.
Listing courtesy of Stoll Real Estate
572 Walnut Ave. is a multi-unit home built in 1863, and is located in Elgin, IL. It has 3 bedrooms and — bathrooms, and has annual property taxes of $7,343. This home goes to Washington Elementary School, Abbott Middle School, and Larkin High School.
Marco Amidei
(888) 32-Marco (847) 630-4886
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