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649 Wellington Avenue , Elgin, IL 60120

$339,900
  • 649 Wellington Avenue , Elgin, IL 60120 Main Photo

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New to the Market New
BEDS3 BATHS2 full MLS#12701991
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 46

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

649 Wellington Avenue | MLS# 12701991

This multi-family property located at 649 Wellington Avenue , Elgin, IL 60120 is currently listed for sale with an asking price of $339,900. Wellington Avenue is located within the District 46 school district. Search Elgin real estate on jdowthard.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished, Cellar, Full, Walk-Out Access
Heating: Natural Gas, Forced Air
Lot Size: 0.12 Acres
Roof Type: Asphalt
Taxes: $4,468
Year Built: 1880

Feature Descriptions

Lot Dimensions: 45X118
Parcel#: 0624179013
Parking: Yes, Owned
Sewer: Public Sewer
Total Rooms: 8
Township: Elgin
Water: Public

Local Schools

School District: District 46

Listed By / Shown By

Listed By

Agency Name: New Market Realty Inc
Agency Phone: 312-239-3626

Shown By

Agent Name: Jay Dowthard
Agent Phone: (815) 289-7530
Agency Title: Gambino Realtors

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Estimated Payment

$ 2,015.40 per month $1,543.93 Principal & Interest $372.33 Property Tax $99.14 Homeowner's Insurance

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