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22-Unit Multifamily Property For Sale
For Sale
Contact for pricing
Pending

2241 Mannheim Rd, Melrose Park, IL 60164

22-unit multifamily property in Melrose Park, Illinois, with rental upside.

Property SizeContact for details
Days on Market183

Property Features for 2241 Mannheim Rd

General Information

Standard status Pending
Property subtype Multifamily
Net Operating Income $149,248
Listing Agency: Marcus & Millichap - Chicago Oak Brook
Listed By: Ryan Engle · License #IL 475.143971
Source: Crexi
Added: Feb 19 Changed: Aug 8 Last Checked: Aug 8 at 3:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Oak Brook

Investment Insights

Based on property information with market context.

A 22-unit multifamily property is available for sale at 2241 North Mannheim Road in Melrose Park, Illinois. This investment presents an opportunity to acquire an asset with potential for increased rental income within the Melrose Park area.

Key Highlights

  • 22‑unit multifamily property.
  • Located at 2241 North Mannheim Road in Melrose Park, Illinois.
  • Opportunity to acquire an asset.

Property Analytics

Current Use

Jp Enterprises & Catering ... Take-out & Catering

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Accounting Firm (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

392
Businesses Nearby

Demographics for 60164, IL

22,367
Population
7,513
Households
3
Avg Household Size
39
Median Age
14%
College-Educated
77%
High-School Grad
4.9 sq mi
ZIP Area
4,565
Density / Sq Mi
$76,483
Median Household Income
$40,332
Median Earnings
$1,143
Median Rent
$240,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 22-unit multifamily property in Melrose Park, Illinois, with rental upside.
Where is this apartment building located?
The property is located at 2241 Mannheim Rd Melrose Park, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 22‑unit multifamily property.; Located at 2241 North Mannheim Road in Melrose Park, Illinois.; Opportunity to acquire an asset.
More about this property
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