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Crystal Lake Two-Unit Investment Property
For Sale
$321,815

40 S WALKUP Avenue Crystal, Crystal Lake, IL 60014

Two-unit property near downtown Crystal Lake amenities and transportation.

Property SizeContact for details
Lot Size0.27 Acres
Days on Market268

Property Features for 40 S WALKUP Avenue Crystal

General Information

Standard status Active
Lot size 0.27 Acres
Property subtype Multi-Family

Amenities

Natural Gas
Forced Air
Indv Controls
Porch, Asphalt

Building Details

Year Built 1940
Listing Agency: Keller Williams Inspire Algonquin
Listed By: Agata Kusak · License #475
Source: Kw
Added: Dec 3, 2025 Changed: Aug 23 Last Checked: Aug 26 at 3:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Inspire Algonquin

Investment Insights

Based on property information with market context.

This well-maintained two-unit building is located in downtown Crystal Lake, near schools, the local library, and restaurants. Each unit includes 2 bedrooms and 1 full bath. The first-floor unit has a washer and dryer in the basement, while the second-floor unit features in-unit laundry. A detached 2-car garage provides additional convenience. The property includes a spacious backyard suitable for outdoor activities. Mature trees and greenery surround the home, offering a peaceful environment. The location is walkable, with the Metra station, Main Beach, shopping, parks, and biking trails nearby. Both units are occupied by long-term tenants, providing a steady income stream. This property is being sold as is.

Key Highlights

  • Prime Downtown Crystal Lake Location: Walk to Metra, Main Beach, shopping, parks, restaurants, library and biking trails.
  • Two Income‑Generating Units: Both units are occupied by long‑term tenants.
  • Two Bedrooms and One Bath per Unit: Each unit offers a desirable layout.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Barber Shop Hotel & Motel Carpet & Flooring Store Locksmith Electrical Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,099
Businesses Nearby

Demographics for 60014, IL

48,275
Population
18,135
Households
2.7
Avg Household Size
40
Median Age
42%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
1,923
Density / Sq Mi
$104,657
Median Household Income
$50,805
Median Earnings
$1,429
Median Rent
$296,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit property near downtown Crystal Lake amenities and transportation.
Where is this duplex located?
The property is located at 40 S WALKUP Avenue Crystal Crystal Lake, IL.
What is the asking price?
The asking price for this property is $321,815.
What are key features of this property?
This property features: Prime Downtown Crystal Lake Location: Walk to Metra, Main Beach, shopping, parks, restaurants, library and biking trails.; Two Income‑Generating Units: Both units are occupied by long‑term tenants.; Two Bedrooms and One Bath per Unit: Each unit offers a desirable layout.
More about this property
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