1722 N Mannheim Rd | Stone Park, IL 60165
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1722 N Mannheim Rd
Stone Park, IL 60165
Multifamily Property For Sale
·
33 Units
Investment Highlights
- Diverse Unit Mix: (7) Studios, (23) 1Bd/1Ba, (3) 2Bd/2Ba, (1) Office with Potential for Two Additional Dwelling Units
- In-Place Rents Approximately 18% Below Market, Providing Immediate Upside
- Strong Value-Add Potential Through Additional Unit Conversion and Rent Growth
- 24 of the 33 Units Have Recently Been Renovated
- Recent Improvements: Parking Lot Replaced in 2022; Fully Equipped with Fire Sprinklers
- Assumable Loan at 4.46%, Maturing 07/15/2032
Property Facts
| No. Units | 33 | Building Size | 21,195 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 0.80 AC | ||
| Zoning | C | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 21,195 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.55/1,000 SF |
| Zoning | C |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 400 - 650 |
| 2+2 | 3 | - | 750 |
| Studios | 7 | - | - |
Property Taxes
| Parcel Number | 15-05-225-035-0000 | Improvements Assessment | $191,492 |
| Land Assessment | $31,312 | Total Assessment | $222,804 |
Property Taxes
Parcel Number
15-05-225-035-0000
Land Assessment
$31,312
Improvements Assessment
$191,492
Total Assessment
$222,804
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