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  • $307,000

    649 Wellington Ave, Elgin, IL 60120

    3beds
    --sqft
    Multi Family
    Built in 1880
    -- sqft lot
    $307,100 Zestimate®
    $--/sqft
    $1,829 Estimated rent

    Home value

    $307,100

    $279,000 - $338,000

    $1,829/mo

    Zestimate® history
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    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Kevorkian 847-338-6898,

    New Market Realty Inc

    Bought with:

    Vanessa Lopez

    Smart Home Realty

    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
    • Listing terms: FHA
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    10/16/2026Sold$307,000-0.9%
    Source: MRED as distributed by MLS GRID #12701991 Report a problem
    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

    Neighborhood: 60120

    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.

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    Estimated market value

    $307,100

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $307,100