502 Walnut Ave, Elgin, IL 60123
Property image
Property image
OFF MARKET

$224,400

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 792 sqft

502 Walnut Ave, Elgin, IL 60123

Near West Elgin
Est. Refi. Payment $1,745/mo*
Refinance Your Home
Currently Off Market - Sold May 2, 2022 for $160,000

Home Value

Trulia Estimate
$224K
Since last month
Decreased$2K (-0.8%)
Since last year
Increased$6K (+2.6%)
Since last sale
Increased$65K (+40.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +86% in the last 10 years
MonthEstimated value
2026
October 2026$225K
September 2026$224K
August 2026$227K
July 2026$232K
June 2026$232K
May 2026$230K
April 2026$223K
March 2026$221K
February 2026$216K
January 2026$213K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
261 Perry St, Elgin, IL
0.11
Single-Family Home
$205,000
01/09/26
2
1
904
455 Walnut Ave, Elgin, IL
0.07
Single-Family Home
$145,000
03/03/26
3
1
1,671
333 Elm St, Elgin, IL
0.17
Single-Family Home
$249,900
11/21/25
3
1
1,140
603 Orange St, Elgin, IL
0.32
Single-Family Home
$240,000
11/26/25
2
1
1,179
552 Walnut Ave, Elgin, IL
0.08
Single-Family Home
$215,000
04/06/26
3
1
1,600
756 Walnut Ave, Elgin, IL
0.34
Single-Family Home
$245,000
04/02/26
2
1
1,400
110 Jewett St, Elgin, IL
0.28
Single-Family Home
$238,000
02/04/26
2
1
863
618 Washburn St, Elgin, IL
0.20
Single-Family Home
$220,000
07/31/26
3
1
1,727
210 Orchard St, Elgin, IL
0.13
Single-Family Home
$245,000
11/14/25
2
2
1,500
515 Oak St, Elgin, IL
0.22
Single-Family Home
$277,000
07/14/26
3
1
1,100

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
278 Moseley St, Elgin, IL 60123
0.01
$334,400
4
2.5
1,632
Off Market
512 Walnut Ave, Elgin, IL 60123
0.02
$263,500
Studio
2
1,816
Off Market
300 Moseley St, Elgin, IL 60123
0.03
$420,700
4
2
1,888
Off Market
254 Moseley St, Elgin, IL 60123
0.03
$275,000
4
2
1,590
Off Market
279 Moseley St, Elgin, IL 60123
0.03
$282,200
3
2
1,591
Off Market
520 Walnut Ave, Elgin, IL 60123
0.03
-
9
9
4,462
Off Market
273 Moseley St, Elgin, IL 60123
0.04
$288,200
7
3
1,920
Off Market
263 Moseley St, Elgin, IL 60123
0.04
$281,900
3
2
1,144
Off Market
509 Standish St, Elgin, IL 60123
0.04
$246,500
4
2
1,458
Off Market
304-306 Moseley St, Elgin, IL 60123
0.04
$313,600
5
2
2,412
Off Market
475 Walnut Ave, Elgin, IL 60123
0.04
-
1
1
2,925
Off Market
464 Walnut Ave, Elgin, IL 60123
0.04
$200,800
2
1
732
Off Market
511 Standish St, Elgin, IL 60123
0.04
$255,900
4
2
1,696
Off Market
250 Moseley St, Elgin, IL 60123
0.04
$256,800
7
2
1,696
Off Market
519 Walnut Ave, Elgin, IL 60123
0.04
$277,200
4
2
1,632
Off Market
259 Moseley St, Elgin, IL 60123
0.05
$231,100
2
1
819
Off Market
528 Walnut Ave, Elgin, IL 60123
0.05
$258,800
2
2
1,588
Off Market
269 Orchard St, Elgin, IL 60123
0.05
$263,600
2
1
1,856
Off Market
271 Orchard St, Elgin, IL 60123
0.05
$234,200
2
1
-
Off Market
519 Standish St, Elgin, IL 60123
0.05
$227,600
2
1
740
Off Market

Local Information

  • Map ViewExplore the area around 502 Walnut Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1918
792 sqft
$283/sqft

About this House

What's unique:Charming bungalowMature landscapingEnclosed porchHardwood floors
Charming Bungalow with mature landscaping. This Quaint 2 Bedroom, 1 Bathroom home would be great for someone that is looking for their first home or downsizing. The Living room & Dining room have hardwood floors. Enclosed Porch. One car detached garage with a fenced in back yard. Hot Water tank just replaced in 2022. Needs some TLC but this house could be yours.
502 Walnut Ave, Elgin, IL 60123 is a 2 bedroom, 1 bathroom, 792 sqft single-family home in Near West Elgin, built in 1918. It last sold for $160,000 on May 2, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $224,400, with a rent estimate of $1,882/month.

Home Details for 502 Walnut Ave

Interior Features

Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 1918
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7405 sqft

Price and Tax history

DateEventPrice
May 2, 2022
Source: MRED as distributed by MLS GRID #11346957
Sold
$160,000
Mar 23, 2022
Source: RE/MAX International #11346957
Pending
$165,000
Mar 23, 2022
Source: MRED as distributed by MLS GRID #11346957
Contingent
$165,000
Mar 14, 2022
Source: MRED as distributed by MLS GRID #11346957
Listed For Sale
$165,000
Nov 5, 2008
Source: Agent Provided
ListingRemoved
$139,000

Market trends in Elgin

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$331K
$4.67KMoM
Sale-to-List Price
100.2%
Price per sq ft
$203
$4MoM
Available listings
264
13MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Near West Elgin
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Near West Elgin

At least 26 Trulia users voted on each feature.

  • 96 % Say there are sidewalks

  • 86 % Say it's dog friendly

  • 78 % Say it's walkable to restaurants

  • 78 % Say yards are well-kept

  • 78 % Say parking is easy

  • 78 % Say car is needed

  • 74 % Say there's holiday spirit

  • 71 % Say kids play outside

  • 66 % Say streets are well-lit

  • 54 % Say they plan to stay for at least 5 years

  • 54 % Say it's walkable to grocery stores

  • 54 % Say people would walk alone at night

  • 44 % Say there's wildlife

  • 42 % Say neighbors are friendly

  • 33 % Say there are community events

  • 33 % Say it's quiet

Sourced by Trulia users. Learn more about our methodology.
  • Jordan S.
    "Certain parts of Elgin are great then small parts not so much but I give it a 8 out of 10 for also the lack of transportation."
    6
    Flag
  • Rebecca P.
    "Some of the streets are high traffic areas. Several families in the neighborhood. Near an elementary and middle school. There’s a nearby park and a playground at the school. "
    0
    Flag
  • Latonya J.
    "I dont really care for animals at all. And I wish that they would clean and pick up at their dogs and keep it clean "
    3
    Flag
  • Latonya J.
    "Ppl cleaning up after their dogs and be a lil more friendly. Pls and thank you and everybody would not dirty up the area and keep clean "
    0
    Flag
  • Yvonne B.
    "The traffic and new street designs are crazy. McLean and rt20 is a death trap! The center media on McLean and Lillian one way is difficult to reach stores"
    0
    Flag
  • Rebecca P.
    "I’ve lived in this neighborhood for three years and I’m quite comfortable with my neighbors. Despite living just around the corner from the fire department it’s reasonably quiet. It’s within walking distance to downtown restaurants, the park, rec center and community theater. "
    1
    Flag
  • 208 W.
    "Lots of family owned businesses. Great neighbors! Close to public and private schools. Close to many forms of transportation (highways, train station, bike path, bus stops)."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 502 Walnut Ave

  • What is 502 Walnut Ave estimated to be worth?
    Trulia's estimated value for 502 Walnut Ave in Elgin, IL is $224,400.
  • What is the price history for 502 Walnut Ave?
    502 Walnut Ave in Elgin, IL last sold for $160,000 in May 2022.
  • Is Elgin a buyer's or seller's market?
    Elgin is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Elgin?
    The median sale price in Elgin is $331K. That is down $4.67K from the prior month.
  • How big is the lot at 502 Walnut Ave?
    The lot at 502 Walnut Ave in Elgin, IL is about 0.17 acres (7,471 sq ft).

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Apartments for Rent

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Off Market Homes Near 502 Walnut Ave

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