393 Wellington Avenue

Elgin, IL 60120

$386,200
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Prime Investment Opportunity - Three-Unit Building on Double Lot This beautifully remodeled three-unit property on a double lot (0624129042 & 0624129041) presents an exceptional investment opportunity or the perfect chance to live in one unit while generating income from the others. With long-term tenants in place and many capital improvements, this property is ready for its next owner. Each unit has been thoughtfully updated, offering modern finishes and the potential for continued rental income....Prime Investment Opportunity - Three-Unit Building on Double Lot This beautifully remodeled three-unit property on a double lot (0624129042 & 0624129041) presents an exceptional investment opportunity or the perfect chance to live in one unit while generating income from the others. With long-term tenants in place and many capital improvements, this property is ready for its next owner. Each unit has been thoughtfully updated, offering modern finishes and the potential for continued rental income. Located just minutes from downtown, the riverboat, and local amenities including the public library and community college, this property is in a highly sought-after area. Commuting is a breeze with easy access to public transportation, I-90, and Route 20. Whether you're looking for a solid investment or a property with multiple living options, this one offers incredible potential. Don't miss the chance to secure this rare find-schedule your private showing today.
  1. Listed by David Riano • Worth Clark Realty

Property Details for 393 Wellington Avenue

Area
Elgin
Township
Elgin
Ownership
Fee Simple
Num Of Parking Spaces
5.0
Heat/Fuel
Natural Gas
Zoning
MULTI
LISTING UPDATED: 11/24/2024 10:13 AM

Property Details for 393 Wellington Avenue

StatusNew
MLS #12216162
Days on Market1
Taxes$6,016 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeTwo to Four Units / 3 Flat
Year Built1896
Lot Size-
CountyKane County

Building Information for 393 Wellington Avenue

Stories-Residences3Year Built1896Building Size-Lot Size-

Property Information for 393 Wellington Avenue

General Information
School Information
  • Elementary School District: 46
  • High School District: 46
  • Middle Or Junior School District: 46
Addtl Parking Information
  • Parking: Space/s
  • Parking Details: Driveway
  • Parking On Site: true
  • Parking Ownership: Owned
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Num Of Rooms: 10
  • Bedrooms (Below Grade): 0
  • Community Features: Sidewalks, Street Lights
  • Basement Type: Partial
  • Bedrooms Possible: 4
  • Basement Description: Partially Finished
  • # Full Baths in Building: 3
  • # Half Baths in Building: 0
  • Num of Baths: 3.0
Utilities / Equipment
  • Sewer: Sewer-Public
  • Water: Public
Property/Lot Information
  • New Construction YN: No
  • Rebuilt: No
  • Rehabilitated: Yes
  • Rehab Year: 2018
  • Built Before 1978: Yes
  • Age: 100+ Years
  • Lot Size: .25-.49 Acre
  • Lot Dimensions: 94X130X45X58X50X181
  • Total # Units in Building: 3.0
  • Waterfront: No
  • Exterior Building Type: Frame
  • Roof Type: Asphalt
  • Foundation Details: Concrete Perimeter
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Historical District
  • 3 Br Un In Bldg: No
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 10
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Income & Expenses
  • Gross Income: $39,600.00
  • Other Expenses $: 1080
Unit 1
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Lease Expiration Date: MM
Unit 2
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Lease Expiration Date: MM
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 3
  • Lease Expiration Date: 03/25

Property History for 393 Wellington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 393 Wellington Avenue

Taxable ValueLand$9,344Additions-Total$9,344
Tax Record2023$797 ($66 / month)
Home Facts
Beds0Lot Size9,148 SqFtStyleResidentialCountyKANEAPN06-24-129-041

Schools near 393 Wellington Avenue

This home is within School District U-46.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicPK to 6

Kenyon Woods Middle School
Public7 to 8

South Elgin High School
Public9 to 12

Phoenix
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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393 Wellington Avenue is a multi-family home for sale in Elgin, IL 60120. This property was listed for sale on November 23, 2024 by Worth Clark Realty, it's currently listed at $386,200. It has been on the market for a total of 1 days and was last sold on May 9, 2018. This listing's school district is School District U-46. Nearby schools include Garfield Elementary School, Kenyon Woods Middle School and South Elgin High School. 393 Wellington Avenue is a 4-bed, 3-bath, multi-family home built in 1896.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Worth Clark Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/24/2024 10:13 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.