2241 N Mannheim Road, Melrose Park, IL 60164

Commercial Property
Built in 1962
—— sqft lot
—— car garage
$——/sqft
Listed 7 days ago

Property Description

2241 Mannheim Rd is a 22-unit California-style property in the Northwest Chicago suburb of Melrose Park. The building features a rare unit mix of 21 studios and one (1) one-bedroom apartment, just minutes from O'Hare International Airport with easy access to major highways and retail centers. The building has been consistently well maintained, with recent improvements including tuckpointing and reinforcement of the balconies. A majority of the units have been renovated, while the remaining units present a clear value-add opportunity through cosmetic upgrades. Most units are heated with electric baseboards, while approximately one-third are serviced by a boiler system with hot water baseboard radiators. 2241 Mannheim Rd offers strong in-place cash flow with immediate upside. All tenants are on month-to-month leases, providing flexibility to increase rents or renovate units as needed.

Listing Status:: Active
Listing Office:: Juniper Real Estate LLC : 813-352-5941
Listing Agent:: Charles Vasbinder : 813-352-5941
MLS ID:: 12419256

Originating MLS: mred
County: Cook

This listing courtesy of Charles Vasbinder, Juniper Real Estate LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

West Leyden High School

1000 N Wolf Rd, Northlake, IL, 60164

Grades 9-12

1.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.