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2241 N Mannheim Rd
Melrose Park, IL 60164
Grove Apartments · Multifamily Property For Sale · 22 Units

Investment Highlights

  • Value-Add Opportunity
  • Current Month-to-Month Leases
  • 7.01% Cap Rate
  • Located Near O'Hare Airport and Popular Retail Centers

Property Facts

No. Units 22
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.30 AC
Building Size 16,000 SF
No. Stories 3
Year Built 1962
Parking Ratio 0.94/1,000 SF
Zoning C4 - General Commercial

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Property Manager on Site
  • Gated
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 21 - 500
1+1 1 - 550

Property Taxes

Property Taxes

Parcel Number
12-33-112-003-0000
Land Assessment
$22,750
Improvements Assessment
$98,415
Total Assessment
$121,165
  • Listing ID: 36014264

  • Date on Market: 5/28/2025

  • Last Updated:

  • Address: 2241 N Mannheim Rd, Melrose Park, IL 60164

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