502 Walnut Ave
Elgin, IL 60123
2 bd 1 ba 792 sqft Built 1918 Lot 7,471 sqft single_family
Most recent sale
$160,000
May 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 4, 2022 | Listing removed | $1,550 | MRED |
| Jun 23, 2022 | Listing removed | $1,550 | MRED |
| Jun 17, 2022 | Listing removed | $1,550 | MRED |
| Jun 9, 2022 | Listed for rent | $1,550 | MRED |
| May 2, 2022 | Sold | $160,000 | MLS #11346957 |
| Mar 14, 2022 | Listed | $165,000 | MLS #11346957 |
| Oct 24, 2008 | Listing removed | $139,000 | MRED |
| Aug 8, 2008 | Listed | $139,000 | MLS #06989096 |
| Aug 3, 2007 | Listing removed | $150,000 | MRED |
| May 25, 2007 | Listed | $150,000 | MLS #06528857 |
| May 1, 2007 | Listing removed | $164,999 | MRED |
| Jan 6, 2007 | Listed | $164,999 | MLS #06372617 |
| Oct 14, 1992 | Sold | $86,500 | Public Record |
| Oct 25, 1988 | Sold | $72,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $41,935 | $17,264 | $59,199 | $3,723 |
| 2023 | $38,625 | $15,901 | $54,526 | $3,517 |
| 2022 | $31,818 | $13,098 | $44,916 | $3,374 |
| 2021 | $29,748 | $12,246 | $41,994 | $3,211 |
| 2020 | $28,399 | $11,691 | $40,090 | $3,109 |
| 2019 | $27,052 | $11,136 | $38,188 | $3,006 |
| 2018 | $24,699 | $10,491 | $35,190 | $2,886 |
| 2017 | $23,349 | $9,918 | $33,267 | $2,805 |
| 2016 | $21,662 | $9,201 | $30,863 | $2,652 |
| 2015 | $19,855 | $8,434 | $28,289 | $2,585 |
| 2014 | $19,610 | $8,330 | $27,940 | $2,755 |
| 2013 | $20,127 | $8,550 | $28,677 | $2,310 |
| 2012 | $24,800 | $9,235 | $34,035 | $2,865 |
| 2011 | $30,769 | $10,338 | $41,107 | $3,244 |
| 2009 | $44,013 | $12,266 | $56,279 | $3,961 |
| 2008 | $44,013 | $12,266 | $56,279 | $3,812 |
| 2007 | $42,599 | $11,872 | $54,471 | $3,759 |
| 2006 | $40,886 | $11,395 | $52,281 | $3,765 |
Property facts
Year built
1918
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
792 sqft
Lot size
7,471 sqft
ZIP code
60123
City
Elgin
Street
Walnut Ave
Coordinates
42.02906, -88.29037
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,426
Gross rental yield
10.70%
Implied cap rate
6.95%
Trend-extrapolated value
—
Frequently asked questions
When did 502 Walnut Ave last sell?
502 Walnut Ave most recently sold on May 2, 2022 for $160,000.
What is the current tax assessment for 502 Walnut Ave?
The most recent total assessment for 502 Walnut Ave (year 2024) is $59,199 with $3,723 in property tax.
How does 502 Walnut Ave's assessment compare to its last sale price?
The current assessment is 63.0% below the last sale price of $160,000.
When was 502 Walnut Ave built?
502 Walnut Ave was built in 1918.
How does 502 Walnut Ave compare to others on Walnut Ave?
We track 8 other properties on Walnut Ave. Browse the list under "Other properties on Walnut Ave" to compare beds, baths, and sale history.
What are the property facts for 502 Walnut Ave?
502 Walnut Ave is a 2 bed, 1 bath, 792 sqft, 7,471 sqft lot single_family.
Is 502 Walnut Ave a flip candidate?
No — 502 Walnut Ave does not appear in our flips dataset.
Is 502 Walnut Ave a tax-appeal candidate?
No — 502 Walnut Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+11.9%
2026 Q2
$326.3K
2026 Q3
$334.4K
ZIP 60123 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Walnut Ave