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All Brick 3-UNIT - Melrose Park IL 1617 N 35th Ave 3 Unit Apartment Building $863,250 CAD ($287,750 CAD/Unit) 4.50% Cap Rate Melrose Park, IL 60160
Investment Highlights
- Lots of Natural Light
- Includes a 2-car garage
Executive Summary
Welcome to 1617 N 35th Ave—a meticulously maintained, all-brick 3-flat offering strong income potential and long-term value. This property stands out as one of the best-kept buildings in the area. The building features two spacious 3-bedroom, 1.5-bath units and a 2-bedroom garden apartment, offering ideal flexibility for investors or owner-occupants. All units are in solid condition with updated mechanicals and a clean, functional layout. On-site laundry includes coin-operated washer/dryer for added convenience and income. The property sits on a shared common driveway and offers excellent parking access. For buyers looking to expand their portfolio, the adjacent property at 1619 N 35th Ave is also available and includes a 2-car garage, making this a rare package deal opportunity with additional income and development potential. Whether you're looking for steady rental income, future value appreciation, or a package deal in a prime rental market, this investment checks all the boxes. An IL licensed real estate broker has an ownership interest in the LLC that owns the property.
This property is brought to you through the Citypoint marketplace. To view more information or to view more inventory please visit https://citypoint.com/property/all-brick-3-unit-flat/. All rent and expense information in the listing has been vetted. Please send Proof of Funds or Pre-Approval letter to klong@citypoint.com prior to setting a showing.
This property is brought to you through the Citypoint marketplace. To view more information or to view more inventory please visit https://citypoint.com/property/all-brick-3-unit-flat/. All rent and expense information in the listing has been vetted. Please send Proof of Funds or Pre-Approval letter to klong@citypoint.com prior to setting a showing.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$61,325
|
$12.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,325
|
$12.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,206
|
$5.25
|
| Net Operating Income |
$36,120
|
$7.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $61,325 |
| Annual Per SF | $12.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $61,325 |
| Annual Per SF | $12.78 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,206 |
| Annual Per SF | $5.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $36,120 |
| Annual Per SF | $7.52 |
Property Facts
| Price | $863,250 CAD | Building Class | C |
| Price Per Unit | $287,750 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| Cap Rate | 4.50% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment |
| Price | $863,250 CAD |
| Price Per Unit | $287,750 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1.5 | 2 | $2,901 CAD | - |
| 2+1 | 1 | $2,210 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 15-04-121-066-0000 | Improvements Assessment | $45,299 CAD |
| Land Assessment | $3,933 CAD | Total Assessment | $49,233 CAD |
Property Taxes
Parcel Number
15-04-121-066-0000
Land Assessment
$3,933 CAD
Improvements Assessment
$45,299 CAD
Total Assessment
$49,233 CAD
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All Brick 3-UNIT - Melrose Park IL | 1617 N 35th Ave
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