USAILMelrose Park2241 Mannheim Rd
2241 Mannheim Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Melrose Park IL | Image 1
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$1,950,000

2241 Mannheim Rd, Melrose Park, IL

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $8,500
Taxes $35,670
Days Active 16
Approx. Age 1962
MLS® Number 12419256

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number12419256
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1962
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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