649 Wellington AVE, Elgin, IL 60120
649 Wellington AVE, Elgin, IL 60120
649 Wellington AVE, Elgin, IL 60120
37
Listed by Michael Kevorkianof New Market Realty Inc
Bought with Vanessa Lopez of Smart Home Realty
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Est.Price: ?

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3 BD

649 Wellington AVE Elgin, IL 60120

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Key Details

Sold Price -

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12701991

Sold Date -

Bedrooms 3

Year Built 1880

Annual Tax Amount $4,468

Tax Year 2024

Lot Dimensions 45X118

Property Sub-Type Two to Four Units

Property 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

Location

State IL

County Kane

Zoning MULTI

Rooms

Basement Unfinished, Cellar, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Roof Type Asphalt

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Structure Type Other

New Construction false

Schools

School District 46, 46, 46

Others

Ownership Fee Simple

Special Listing Condition None

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