Skip main navigation
Contingent
  • Price cut: $5K (9/1)
    $309,900

    649 Wellington Ave, Elgin, IL 60120

    3beds
    --sqft
    : 
    $2,459/mo
    Get pre-qualified
    Multi Family
    Built in 1880
    -- sqft lot
    $305,200 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Desirable riverview settingModern updatesBright modern living spacesCompletely renovatedNew finishes throughout
    **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
    61 days
    392
    37

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Kevorkian 847-338-6898,

    New Market Realty Inc

    Source: MRED as distributed by MLS GRID,MLS#: 12701991MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas, Forced Air
      Features
      • Basement: Unfinished,Cellar,Full,Walk-Out Access

      Property

      Parking
      • Total spaces: 8
      • Parking features: Yes, Owned
      Lot
      • Size: 5,310 Square Feet
      • Dimensions: 45X118
      Details
      • Parcel number: 0624179013
      • Zoning: MULTI
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Other
      • Foundation: Concrete Perimeter
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1880
      • Major remodel year: 2026

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Location
      • Region: Elgin

      Financial & listing details

      • Tax assessed value: $181,863
      • Annual tax amount: $4,468
      • Date on market: 7/19/2026
      • Ownership: Fee Simple

        Estimated market value

        $305,200

        $290,000 - $320,000

        $2,099/mo

        Price history

        DateEventPrice
        9/7/2026Contingent$309,900
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        9/1/2026Price change$309,900-1.6%
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        8/21/2026Price change$314,900-1.6%
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        8/15/2026Price change$319,900-3%
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        8/6/2026Listed for sale$329,900
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        7/31/2026Contingent$329,900
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        7/29/2026Price change$329,900-2.9%
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        7/19/2026Listed for sale$339,900+119.3%
        Source: MRED as distributed by MLS GRID #12701991 Report a problem
        2/4/2026Sold$155,000+348.4%
        Source: Public Record Report a problem
        4/17/2013Sold$34,567+38.8%
        Source: MRED as distributed by MLS GRID #08259528 Report a problem
        3/23/2013Pending sale$24,900
        Source: Ryan Hill Realty #08259528 Report a problem
        2/28/2013Listed for sale$24,900-37.6%
        Source: Ryan Hill Realty #08259528 Report a problem
        10/16/2012Listing removed$39,900
        Source: Keller Williams Team Realty #08135570 Report a problem
        9/1/2012Price change$39,900-48.8%
        Source: Keller Williams Team Realty #08135570 Report a problem
        8/12/2012Listed for sale$78,000-10.3%
        Source: Keller Williams Team Realty #08135570 Report a problem
        11/7/2000Sold$87,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,625 +3.5%$60,621 +8.6%
        2024$4,468 +3.9%$55,836 +10.7%
        2023$4,300 +16.4%$50,443 +18.4%
        2022$3,694 +4%$42,597 +7%
        2021$3,553 +2.5%$39,825 +4.7%
        2020$3,468 +2.5%$38,020 +5%
        2019$3,382 +0.3%$36,216 +6.2%
        2018$3,373 +1.7%$34,117 +5.8%
        2017$3,317 +4%$32,253 +7.8%
        2016$3,191 $29,922 +9.1%
        2015-- $27,426 +1.3%
        2014-- $27,087 -2.6%
        2013-- $27,802 -18.8%
        2012-- $34,257 -19.4%
        2011-- $42,508 -9.6%
        2010-- $47,048 -6.7%
        2009-- $50,438
        2008-- $50,438 +3.3%
        2007-- $48,818 +14.6%
        2006-- $42,596 +13.5%
        2005-- $37,533 +6.8%
        2004-- $35,157 +7.8%
        2003-- $32,616 +13.1%
        2002-- $28,826 +7.4%
        2001-- $26,828 +15.9%
        2000-- $23,152
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 60120

        Getting around

        57 / 100
        Somewhat Walkable
        35 / 100
        Some Transit
        57 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 46

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        A local lender can help you make sure your offer is ready when you are.

        Browse local experts