IL > Melrose Park
Melrose Park, IL 60164,2241 N Mannheim RD
Melrose Park, IL 60164,2241 N Mannheim RD
Melrose Park, IL 60164,2241 N Mannheim RD
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$1,950,000
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2241 N Mannheim RD Melrose Park, IL 60164

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12419256

Maintenance Fees $8,500

Year Built 1962

Annual Tax Amount $35,670

Tax Year 2023

Lot Dimensions 65' X 200'

Property Sub-Type Multi Family 5+

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.

Location

State IL

County Cook

Area Melrose Park

Interior

Fireplace N

Building

Dwelling Type Multi Family 5+

Level or Stories 3

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Charles Vasbinder • Juniper Real Estate LLC

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Dennis & Karen

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2241 N Mannheim RD

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