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Price cut: $20,000
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Two to Four Units · Elgin, IL
$319,900$339,900
3 beds · 2 baths
649 Wellington Avenue, Elgin, IL, 60120
A brick-and-mortar place to make your own — room to make it home.
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What’s special

**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
— the listing agent’s description

The home

3 beds
2 baths
Built in 1880
Lot 45X118
Two to Four Units

What it’ll cost

$4,468 taxes / yr
No HOA
Listed $339,900
Now $319,900
28 days on dwello

Estimated monthly payment

$2,166/mo
Principal & interest$1,701
Property taxes$372
Homeowners insurance$93
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Jun 3
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Jun 5
SAT
Jun 6
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28 days on dwello
Price history
Price reduced
Aug 15, 2026
↓ $20,000$319,900
Listed for sale
Jul 19, 2026
$339,900
Now $20,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$4,468/yr
From county records — verify with the assessor.

Features

Natural GasForced AirOtherPublic SewerYesOwned

Schools nearby

Garfield Elementary School · 0.2 mi
Huff Elementary School · 0.6 mi
Lowrie Elementary School · 0.6 mi
Ellis Middle School · 0.8 mi
Channing Memorial Elementary School · 0.9 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Michael Kevorkian · New Market Realty Inc
Listing last updated Aug 15, 2026 · data refreshed from the MLS Aug 15, 2026, 8:51 PM CT
Based on information submitted to the MLS GRID as of Aug 15, 2026, 8:51 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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