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1650 N 1st Ave 10 Unit Apartment Building $1,435,403 CAD ($143,540 CAD/Unit) 10.95% Cap Rate Melrose Park, IL 60160

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Executive Summary

Well maintained 10 unit 2 story brick California style building. All units are 4 room/1 bedroom/ 1 bath, fully rented, ceramic tile floors in kitchens, baths, hallway. Great location and easy to rent. Low Taxes, Short distance to shopping and expressway

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Taxes $23,923 $4.02
Operating Expenses - -
Total Expenses $23,923 $4.02

Financial Summary (Actual - 2023)

Taxes (CAD)
Annual $23,923
Annual Per SF $4.02
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $23,923
Annual Per SF $4.02

Property Facts

Price $1,435,403 CAD
Price Per Unit $143,540 CAD
Sale Type Investment
Cap Rate 10.95%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 5,956 SF
No. Stories 2
Year Built 1960
Parking Ratio 1.2/1,000 SF
Zoning 2F/AT, Cook - Multi Unit

Amenities

Unit Amenities

  • Balcony

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 - 712

Property Taxes

Property Taxes

Parcel Number
15-02-111-081-0000
Land Assessment
$8,240 CAD (2025)
Improvements Assessment
$95,894 CAD (2025)
Total Assessment
$104,134 CAD (2025)
Annual Taxes
$23,923 CAD ($4.02 CAD/SF)
Tax Year
2023
  • Listing ID: 33824622

  • Date on Market: 2024-11-10

  • Last Updated:

  • Address: 1650 N 1st Ave, Melrose Park, IL 60160

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