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677 Wellington Avenue Elgin, IL 60120 • Multi Unit - Multiple • New

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  • 677 Wellington Avenue , Elgin, IL 60120 Main Photo

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Description

Exceptional redevelopment opportunity in Elgin. This property is a full gut rehab offering complete flexibility for investors, builders, or contractors. Currently framed for two units, each designed as 2 bedrooms and 1 bathroom. The interior has been fully stripped, with no plumbing, HVAC, or finishes in place, allowing for a fully customized rebuild. Exterior improvements have been completed within the last five years, and new electrical service (100 AMP) along with electrical boxes have already been installed. The basement requires structural repair to one wall. The sale includes two separate PINs, providing additional land value and potential for future expansion or redevelopment. Property is being sold strictly as-is. No repairs, credits, or survey will be provided. Taxes will be prorated at 100 percent. A strong opportunity for those prepared to take on a full renovation project.

Property Highlights

Property Type: Multi Unit - Multiple

General Information

Bedrooms: 4
Bathrooms: 2
County: Kane
Listed By:
Keller Williams Infinity 630-778-5800
MRED MLS
$175,000
Est. $1,172/mo
4beds
2baths
New to the Market New
BEDS4 BATHS2 full MLS#12508766
STATUSNew PROPERTY TYPEMulti Unit - Multiple SCHOOLDistrict 46
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Kayla White
 (563) 650-5063

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677 Wellington Avenue , Elgin, IL 60120.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $175,000$175,000$175,000
Down Payment $35,000$6,125$43,750
Monthly Mortgage Amount $828$1,030$1,072
Taxes $244$244$244
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$77$0
Monthly Estimated Total $1,172$1,451$1,416

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