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1650 N 1st Ave 10 Unit Apartment Building $1,050,000 ($105,000/Unit) 10.95% Cap Rate Melrose Park, IL 60160
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 | Annual Per SF |
|---|---|---|
| Taxes |
$17,500
|
$2.94
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,500
|
$2.94
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $2.94 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $2.94 |
Property Facts
| Price | $1,050,000 | Apartment Style | Low-Rise |
| Price Per Unit | $105,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 10.95% | Building Size | 5,956 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Zoning | 2F/AT, Cook - Multi Unit | ||
| Price | $1,050,000 |
| Price Per Unit | $105,000 |
| 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 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15-02-111-081-0000 | Total Assessment | $76,142 (2025) |
| Land Assessment | $6,025 (2025) | Annual Taxes | $17,500 ($2.94/SF) |
| Improvements Assessment | $70,117 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
15-02-111-081-0000
Land Assessment
$6,025 (2025)
Improvements Assessment
$70,117 (2025)
Total Assessment
$76,142 (2025)
Annual Taxes
$17,500 ($2.94/SF)
Tax Year
2023
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1650 N 1st Ave
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