2241 Mannheim Rd — Sale in Melrose Park, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Melrose Park, IL 60164

Investment Figures

Cap rate
7.70%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap have been selected to exclusively market for sale a 22-unit multifamily property at 2241 North Mannheim Road in Melrose Park, Illinois. This investment offers an investor the opportunity to acquire an asset with upside rental potential in a great unincorporated Melrose Park location. Investment Highlights: • Upside Rental Potential • Ample Off-Street Parking and On-Site Laundry Facility • Great Unincorporated Melrose Park Location • Traffic Count Along Mannheim Road: 40,800 Vehicles • Approximately Seven Miles South of O'Hare International Airport

Market Context

This multifamily in Melrose Park, IL is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Melrose Park, IL — view the full market.

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