1650 N 1st Ave
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1650 N 1st Ave
10 Unit Block of Flats £835,056 (£83,506/Unit) 10.95% Net Initial Yield 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 |
£13,918
|
£2.34
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£13,918
|
£2.34
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | £13,918 |
| Annual Per SF | £2.34 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £13,918 |
| Annual Per SF | £2.34 |
PROPERTY FACTS
| Price | £835,056 | Apartment Style | Low Rise |
| Price Per Unit | £83,506 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Net Initial Yield | 10.95% | Building Size | 5,956 SF |
| No. Units | 10 | Number of Floors | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Price | £835,056 |
| Price Per Unit | £83,506 |
| Sale Type | Investment |
| Net Initial Yield | 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 |
| Number of Floors | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.2/1,000 SF |
UNIT AMENITIES
- Balcony
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 712 |
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PROPERTY TAXES
| Parcel Number | 15-02-111-081-0000 | Total Assessment | £60,555 (2024) |
| Land Assessment | £4,792 (2024) | Annual Taxes | £13,918 (£2.34/sf) |
| Improvements Assessment | £55,763 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
15-02-111-081-0000
Land Assessment
£4,792 (2024)
Improvements Assessment
£55,763 (2024)
Total Assessment
£60,555 (2024)
Annual Taxes
£13,918 (£2.34/sf)
Tax Year
2023
ZONING
| Zoning Code | 2F/AT, Cook (Multi Unit) |
| 2F/AT, Cook (Multi Unit) |
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1650 N 1st Ave
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