649 Wellington Avenue, Elgin, IL 60120
Local realty services provided by:CENTURY 21 New Heritage
649 Wellington Avenue,Elgin, IL 60120
$339,900
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: michael kevorkian
Office: new market realty inc
MLS#:12701991
Source:MLSNI
Price summary
- Price:$339,900
About this home
**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...
Contact an agent
Home facts
- Year built:1880
- Listing ID #:12701991
- Updated:July 24, 2026 at 10:53 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:8
- Basement Description:Cellar, Full, Unfinished
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Asphalt
- Year built:1880
- Foundation Description:Concrete Perimeter
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$339,900
- Tax amount:$4,468 (2024)
Parking
- Total parking spaces:8
New listings near 649 Wellington Avenue
- New
$329,500Active2 beds 3 baths1,626 sq. ft.2436 Emily Lane, Elgin, IL 60123
MLS# 12713284Listed by: BERKSHIRE HATHAWAY HOMESERVICES STARCK REAL ESTATE - New
$224,900Active4 beds 3 baths1,637 sq. ft.205 Perry Street, Elgin, IL 60123
MLS# 12714239Listed by: REALTYWORKS, LLC - New
$319,900Active4 beds 2 baths419-421 N Spring Street, Elgin, IL 60120
MLS# 12709745Listed by: BUY SELL INVEST FOX VALLEY - New
$199,900Active3 beds 2 baths1,640 sq. ft.514 Locust Street, Elgin, IL 60123
MLS# 12711953Listed by: LEGACY PROPERTIES, A SARAH LEONARD COMPANY, LLC - New
$409,900Active3 beds 2 baths1,698 sq. ft.1215 Forest Drive, Elgin, IL 60123
MLS# 12713569Listed by: INSPIRE REALTY GROUP LLC - New
$799,900Active4 beds 4 baths3,439 sq. ft.3667 Peregrine Way, Elgin, IL 60124
MLS# 12714184Listed by: RE/MAX HORIZON - New
$200,000Active4 beds 2 baths1,431 sq. ft.406 Bent Street, Elgin, IL 60120
MLS# 12710682Listed by: REDFIN CORPORATION - Open Sat, 11am to 1pmNew
$574,900Active4 beds 3 baths3,122 sq. ft.2023 Torino Drive, Elgin, IL 60123
MLS# 12705855Listed by: RE/MAX SUBURBAN - New
$900,000Active5 beds 5 baths3,100 sq. ft.31W003 Irving Park Road, Elgin, IL 60120
MLS# 12713786Listed by: EXIT REALTY REDEFINED - New
$589,900Active4 beds 3 baths3,552 sq. ft.3091 Long Common Parkway, Elgin, IL 60124
MLS# 12713506Listed by: COMPASS