649 Wellington Avenue, Elgin, IL

$309,900

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3

Beds

About 649 Wellington Avenue

**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

Features of 649 Wellington Avenue

MLS® # 12701991
Price $309,900
Bedrooms 3
Bathrooms 0.00
Year Built 1880
Type Residential Income
Sub-Type Two to Four Units
Status Contingent
Taxes $4,468

Community Information

Address 649 Wellington Avenue
Area Elgin
City Elgin
County Kane
State IL
Zip Code 60120

Amenities

Parking Spaces 8
Parking Yes, Owned
Is Waterfront No
New Construction No
Has Pool No

Interior

Heating Natural Gas, Forced Air
Fireplace No
Has Basement Yes
Basement Unfinished, Cellar, Full, Walk-Out Access

Exterior

Exterior Other
Roof Asphalt
Foundation Concrete Perimeter

School Information

District 46

Additional Information

Days on Market 51
Zoning MULTI
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeNew Market Realty Inc

Listing Map

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