1722 Mannheim Road

1722 Mannheim Road, Stone Park, IL 60165

  • For Sale $2,950,000
  • Property Type Multi-Family
  • Property Size 20,000 SF
  • Units 34
  • Date Updated Apr 1, 2025
Stone Park is located roughly 15 miles west of downtown Chicago in Cook County, Illinois. It is bordered by Melrose Park to the north and east, Bellwood to the south, and Northlake to the west. Stone Park is strategically positioned near major transportation routes, including the Eisenhower Expressway (I-290) and the nearby I-294 Tri-State Tollway, allowing for convenient travel throughout the region. The village includes a mix of residential and commercial properties, with many long-standing businesses along North Mannheim Road. Stone Park is served by Proviso Township High Schools and nearby educational institutions in neighboring communities. Residents also have access to surrounding amenities, including shopping centers, local parks, and dining options in nearby Melrose Park and Bellwood. With its accessible location and close-knit community, Stone Park offers a convenient and appealing option for those looking to live near the city while enjoying the benefits of a suburban environment.Essex Realty Group, LLC has been exclusively engaged to market for sale 1722 Mannheim Road, a well-positioned 34-unit apartment building in Stone Park, IL. The unit mix consists of seven (7) studios, twenty-three (23) one-bedroom/one-bathroom units, three (3) two-bedroom/two-bathroom units, and one (1) office space with potential for conversion into two additional dwelling units. The property has undergone extensive renovations, with approximately 70% of the units updated. Currently, in-place rents are approximately 18% below market, providing a clear opportunity for immediate revenue growth. The property also features an assumable loan with a 4.46% fixed interest rate, maturing in 2032, offering a favorable financing option for investors. 1722 Mannheim Road presents a compelling investment opportunity with a mix of updated and value-add units, strong operational fundamentals, and additional income potential through unit expansion. According to FEMA, the property is located in a 1% Annual Chance Flood Hazard zone. There have been no reported floods under current ownership
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Highlights

  • Diverse Unit Mix: Seven (7) Studios, Twenty-Three (23) 1Bd/1Ba, Three (3) 2Bd/2Ba, One (1) Office with Potential for Two Additional Dwelling Units
  • 24 of the 33 Units Have Recently Been Renovated
  • In-Place Rents Approximately 18% Below Market, Providing Immediate Upside
  • Property Improvements – Parking Lot Replacement (2022) and Fully Equipped With Fire Sprinklers
  • Strong Value-Add Potential Through Additional Unit Conversion and Rent Growth

Contacts

broker

Essex Realty Group

Location

Getting Around

  • Walk Score ®

    73/100 Very Walkable
  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Stone Park, IL
  • Zip Code 60165
  • Market Chicago

Points of Interest

  • Franklin Park

    2.40 miles

  • Maywood

    2.60 miles

  • Belmont Avenue (Franklin Park)

    2.68 miles

  • Elmhurst

    2.93 miles

  • Elmwood Park

    3.85 miles

  • Schiller Park

    4.08 miles

  • Terminal 5

    4.89 miles

  • Rosemont

    4.95 miles

  • Terminal 1

    5.29 miles

  • Rosemont Blue Line Station

    5.67 miles

  • Speedway

    0.84 miles

  • Shell

    0.90 miles

  • Mobil

    0.96 miles

  • BP

    1.01 miles

  • Food 4 Less

    1.04 miles

  • 7-Eleven

    1.08 miles

  • SNK Fuels

    1.33 miles

  • Sam's Club

    1.43 miles

  • Citgo

    1.45 miles

  • Clark

    1.55 miles

  • Student Parking

    2.16 miles

  • Visitor Parking

    2.28 miles

  • Cernan Parking

    2.37 miles

  • Pace Bus Hillside Park & Ride

    2.50 miles

  • Elmhurst Art Museum Parking

    3.04 miles

  • West Parking Lot

    3.12 miles

  • Greenfield Parking Lot

    3.14 miles

  • Parking Garage

    3.15 miles

  • Super 8 by Wyndham Chicago Northlake O'Hare South

    0.76 miles

  • Lido Motel

    1.26 miles

  • Ambiance Motel

    1.92 miles

  • Best Western Plus Chicago O'Hare South

    1.99 miles

  • Extended Stay America

    2.21 miles

  • Best Western

    2.28 miles

  • Holiday Inn Express

    2.64 miles

  • Holiday Inn Express & Suites Bensenville - O'Hare

    2.80 miles

  • Super 8 Chicago/Rosemont/O'Hare/SE

    2.83 miles

  • Country Inn & Suites

    2.84 miles

  • Sabor de Mi Tierra

    0.03 miles

  • Johnnie's Grill

    0.46 miles

  • Cilantro Taco Grill

    0.47 miles

  • Pizza Hub

    0.49 miles

  • Dunkin'

    0.59 miles

  • Papa John's

    0.60 miles

  • Popeyes

    0.61 miles

  • Laredo Taco Company

    0.84 miles

  • McDonald's

    0.95 miles

  • Jimmy John's

    0.99 miles

  • Mark Twain School

    0.20 miles

  • Saint Charles School

    0.32 miles

  • Grant Primary School

    0.39 miles

  • Grant Elementary School

    0.60 miles

  • Whittier Elementary School

    0.68 miles

  • Northlake Middle School

    0.92 miles

  • J W Riley Elementary School

    0.94 miles

  • Saint John Vianney School

    1.07 miles

  • Apostles Lutheran School

    1.15 miles

  • Jefferson Elementary School

    1.16 miles

  • Wyspa Dzieci

    3.41 miles

  • Early Childhood Center

    3.77 miles

  • The Day Nursery

    4.38 miles

  • Kangaroo Kroner

    4.43 miles

  • Little Beginnings Day Care

    4.84 miles

  • Back 2 Basics Day Care

    4.89 miles

  • Montessori Children's Place

    5.02 miles

  • Blocks 24 hr Child Care Center

    5.10 miles

  • Montessori Children's Community

    5.52 miles

  • Alphabet Learning Center

    5.60 miles

Frequently Asked Questions

How much does 1722 Mannheim Road cost?

The space currently listed for sale at 1722 Mannheim Road asks for $2,950,000.

What is the total square footage of 1722 Mannheim Road?

1722 Mannheim Road totals 20,000 square feet.

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Contact Listing Broker
broker

Essex Realty Group

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