Kiser Group is pleased to exclusively present for purchase 2241 Mannheim Rd, a 22-unit California-style property in the Northwest Chicago suburb of Melrose Park. The building features a rare unit mix of 21 studios and one (1) one-bedroom apartment, just minutes from O’Hare International Airport with easy access to major highways and retail centers. The building has been consistently well maintained, with recent improvements including tuckpointing and reinforcement of the balconies. A majority of the units have been renovated, while the remaining units present a clear value-add opportunity through cosmetic upgrades. Most units are heated with electric baseboards, while approximately one-third are serviced by a boiler system with hot water baseboard radiators. 2241 Mannheim Rd offers strong in-place cash flow with immediate upside. A new owner can achieve a 7.01% cap rate at acquisition, with a path to 7.77% through cosmetic renovations and leasing. All tenants are on month-to-month leases, providing flexibility to increase rents or renovate units as needed.