649 Wellington Avenue Elgin, IL $ 339,900
649 Wellington Avenue
$ 339,900
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649 Wellington Avenue

Elgin, IL, 60120
$ 339,900
Bedrooms3 Baths2.0 Sq 1,100

Monthly Estimate*

$ 2,146

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Multi-Family Home for sale in Elgin, IL

for $339,900 with 3 bedrooms and 2 full baths. This 1,100 square foot home was built in 1880.

**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

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Multi-Family Active

Price

$ 339,900

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,468

Style

Year Built

1880

Town/City

Elgin

County/Region

Kane

MLS | Web ID

12701991

Features
General
Sewer Public Sewer
Heating Natural Gas Forced Air
Possession Closing Immediate Negotiable
Roof Asphalt
Zoning MULTI
Construction Materials Other
Year Built 1880
Township Elgin
Tax Year 2024
Ownership Fee Simple
County Kane
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 8
Status New
Directions RAYMOND S TO HASTINGS W TO WELLINGTON
City Elgin
High School District 46
MLS Area Elgin
Tax Annual Amount 4468
Standard Status Active
Middle/Junior School District 46
Elementary School District 46
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Interior
Basement Unfinished Cellar Full Walk-Out Access
Total Bedrooms 3
Total Baths 2
Bedrooms Possible 3
Full Baths Building 2
Half Baths Building 0
Total Number of Units 2
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Exterior
Parking Features Yes Owned
Water Source Public
Total Parking 8
Foundation Details Concrete Perimeter
Lot Dimensions 45X118
Lot Size Acres 0
Waterfront Y/N N
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* Excluded Features
List By
New Market Realty Inc

Broker

newmarketrealty@gmail.com

Email

Affordability Calculator

$2,518
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,146
Monthly Property Taxes
$372
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
567545 Elementary School
566729 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/19/2026$339,900 Listed Price

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649 Wellington Avenue, Elgin, IL, 60120 is a Multi-Family Home for sale at $339,900 with 1,100 sqft. 649 Wellington Avenue has 3 bedrooms, 2.0 baths, and was built in 1880. The property's zip code is 60120 which is in Elgin, IL