Listed by Marcus & Millichap - Chicago Oak Brook
$1,800,000
2241 North Mannheim Road Melrose Park, Illinois
Details
Property Type Multifamily
Sub Type Apartment Building
Cap Rate 8.29%
NOI $149,248
Acreage 0.300
22-Unit Multifamily Property in Melrose Park, Illinois
Marketing description
Marcus & Millichap has 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
Listing Contacts
Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$149,248.00
$12,437.33/mo
Valuation Metrics
0
DSCR
8.29%
Cap Rate
8.29%
ROI
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Property History
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