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

502 Walnut Ave
Elgin, IL 60123

Near West Elgin
  • 2 Beds
  • 1 Bath
  • 792 sqft

$232,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,677/mo*
Refinance Your Home

$232,300

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,677/mo*
Refinance Your Home
2 Beds
1 Bath
792 sqft

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

Property Type
Single-Family Home
Year Built
1918
Living Area
792 sqft
Price/Sqft
$293

About this House

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. It is currently off market. The Trulia Estimate is $232,300, with a rent estimate of $1,543/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 History for 502 Walnut Ave

DatePriceEventSource
05/02/2022$160,000Sold
MRED as distributed by MLS GRID #11346957
03/23/2022$165,000PendingRE/MAX International #11346957
03/23/2022$165,000ContingentMRED as distributed by MLS GRID #11346957
03/14/2022$165,000Listed For SaleMRED as distributed by MLS GRID #11346957
11/05/2008$139,000ListingRemovedAgent Provided
10/06/2008$139,000Listed For SaleAgent Provided

Market trends in Elgin

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$323K
$10.67KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$209
$3MoM
Available listings
263
29MoM
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Property Tax and Assessment

Year2024
Tax$3,723
Assessment$163,578
Home facts updated by county records

Comparable Sales for 502 Walnut Ave

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
321 Morgan St, Elgin, IL
0.41
Single-Family Home
$222,000
09/09/25
2
1
775
455 Walnut Ave, Elgin, IL
0.07
Single-Family Home
$145,000
03/03/26
3
1
1,671
552 Orange St, Elgin, IL
0.27
Single-Family Home
$215,000
08/29/25
2
1
1,131
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

Nearby homes

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Assigned Schools

These are the assigned schools for 502 Walnut Ave.
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

Apartments for Rent

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Explore by feature - Pet Friendly

30 pet-friendly rentals in Elgin, IL

Explore by feature - Garage

41 rentals with a garage in Elgin, IL

Explore by feature - Air Conditioning

71 rentals with air conditioning in Elgin, IL

Explore by feature - Pool

17 rentals with a pool in Elgin, IL

Explore by feature - Washer/dryer

46 rentals with a washer/dryer in Elgin, IL

Explore by feature - Outdoor Space

13 rentals with an outdoor space in Elgin, IL

Homes for sale near 502 Walnut Ave

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Off Market Homes Near 502 Walnut Ave

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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 $232,300.
  • 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 $323K. That is up $10.67K 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).