**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
Contingent
Price cut: $5K (9/1)
$309,900
649 Wellington Ave, Elgin, IL 60120
3beds
--sqft
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
- 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#: 12701991
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
| Date | Event | Price |
|---|---|---|
| 9/7/2026 | Contingent | $309,900 |
Source: | ||
| 9/1/2026 | Price change | $309,900-1.6% |
Source: | ||
| 8/21/2026 | Price change | $314,900-1.6% |
Source: | ||
| 8/15/2026 | Price change | $319,900-3% |
Source: | ||
| 8/6/2026 | Listed for sale | $329,900 |
Source: | ||
| 7/31/2026 | Contingent | $329,900 |
Source: | ||
| 7/29/2026 | Price change | $329,900-2.9% |
Source: | ||
| 7/19/2026 | Listed for sale | $339,900+119.3% |
Source: | ||
| 2/4/2026 | Sold | $155,000+348.4% |
Source: Public Record Report a problem | ||
| 4/17/2013 | Sold | $34,567+38.8% |
Source: | ||
| 3/23/2013 | Pending sale | $24,900 |
Source: Ryan Hill Realty #08259528 Report a problem | ||
| 2/28/2013 | Listed for sale | $24,900-37.6% |
Source: Ryan Hill Realty #08259528 Report a problem | ||
| 10/16/2012 | Listing removed | $39,900 |
Source: Keller Williams Team Realty #08135570 Report a problem | ||
| 9/1/2012 | Price change | $39,900-48.8% |
Source: Keller Williams Team Realty #08135570 Report a problem | ||
| 8/12/2012 | Listed for sale | $78,000-10.3% |
Source: Keller Williams Team Realty #08135570 Report a problem | ||
| 11/7/2000 | Sold | $87,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 60120
Nearby schools
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.




