649 Wellington Avenue, Elgin, Illinois 60120
$329,900
|
For Sale
|
|
| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 3 |
| Baths: | 0 |
| Year Built: | 1880 |
| Property Taxes: | $4,468 |
| Days On Market: | 14 |
| Lot Size: | 0,00 |
Description
**Completely Renovated Riverview 2-Unit Investment Opportunity!** Some work still being completed, please excuse the mess while we finish this extraordinary property for you! This turn-key multifamily property offers the perfect combination of modern updates, strong cash flow, and an unbeatable location along the Fox River in Elgin. Every major component has been renovated, allowing the next owner to enjoy a truly maintenance-friendly investment with nothing left to do but collect rent. The building features a spacious **2-bedroom unit with projected rental income of approximately $1,800 per month** and a well-appointed **1-bedroom unit with projected rental income of approximately $1,500 per month**, providing excellent income potential for both investors and owner-occupants. Both units have been beautifully updated with new finishes throughout, creating bright, modern living spaces that today's tenants are looking for. Additional features include a **full unfinished basement** offering abundant storage and future possibilities, plus an incredible **8-car parking area**-a rare and valuable amenity for a multifamily property. Situated in a desirable riverview setting with convenient access to downtown Elgin, parks, shopping, restaurants, commuter routes, and the scenic Fox River Trail, this property offers the perfect blend of location, lifestyle, and investment potential. Elgin's riverfront and downtown continue to be key attractions for residents seeking outdoor recreation and urban conveniences. **Whether you're expanding your portfolio or looking to reduce your mortgage by living in one unit while renting the other, this fully renovated, move-in-ready property is an exceptional opportunity that won't last long.** Broker Interest
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1880 | |
| — | |
| — | |
| No | |
| 0 |
| Kane | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12701991 | |
| 0624179013 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 17 Apr, 2013 | Sold | $34,567 | MRED MLS |
| 22 Mar, 2013 | Under contract | $24,900 | MRED MLS |
| — | Last price change | $34,900 | MRED MLS |
| 28 Jan, 2013 | Listed for sale | $34,900 | MRED MLS |
| 31 Jul, 2026 | Under contract | $329,900 | MRED MLS |
| — | Last price change | $339,900 | MRED MLS |
| 19 Jul, 2026 | Listed for sale | $339,900 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| — | |
| — | |
| — | |
| — | |
| — | |
| 45X118 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2013 | $3,592 |
| 2026 | $4,468 |
Contact Agent
Nearby Similar Homes
Nearby Sold Comparables
Contact Agent
Listing Provided By
New Market Realty Inc
