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Price cut: $1,000
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Land · Melrose Park, IL
$1,099,000$1,100,000
beds · baths
2305 N Mannheim Road, Melrose Park, IL, 60164
A brick-and-mortar place to make your own — room to make it home.
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What’s special

Unincorporated Melrose Park section/Cook County Jurisdiction. , strategically located on Mannheim Road between Grand Ave./Fullerton Ave., this 43,800 Sq. ft. Currently used as Parking lot serving O'Hare Airport/Vacant parcel offers an exceptional development opportunity in the heart of Melrose Park's primary business corridor. Approximately 130 feet of frontage along Mannheim Road, a major north-south arterial serving the western Chicago suburbs and known for its high traffic counts and strong commercial presence. Zoned B-2 and B-3, the property allows for a wide range of commercial and mixed-use development options, with a detailed list of permitted uses available under the Additional Information section. The property is surrounded by established and newly developed commercial uses, including Dunkin', McDonald's, and numerous national and local retailers, reinforcing the area's strong consumer draw. The immediate vicinity benefits from a dense residential and commercial population base, supporting retail, service, and business-oriented development. Accessibility is a key advantage, with steps to public transportation, nearby bus routes, and convenient access to major roads and interstate highways. The area is further supported by regional infrastructure, including a nearby Illinois Secretary of State / DMV facility, local manufacturing operations, a packaging supply company, and a DHL logistics facility within the broader Melrose Park market. Additional transit connectivity is provided by Metra rail service on the UP-West Line in nearby Bellwood. Highly visible, well-positioned site offers outstanding exposure, connectivity, and zoning flexibility, making it ideal for retail, service, mixed-use, or transportation-oriented development in one of the most active commercial corridors in the western suburbs of Chicago. 2-Pin numbers.
— the listing agent’s description

The home

Lot 130x337
Land

What it’ll cost

$49,800 taxes / yr
No HOA
Listed $1,100,000
Now $1,099,000
199 days on dwello

Estimated monthly payment

$10,314/mo
Principal & interest$5,843
Property taxes$4,150
Homeowners insurance$321
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Jun 3
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SAT
Jun 6
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199 days on dwello
Price history
Price reduced
Aug 3, 2026
↓ $1,000$1,099,000
Listed for sale
Jan 29, 2026
$1,100,000
Earlier records
Sold
Sep 30, 2025
$650,000
Now $1,000 below the original list price.
Property taxes
2025
Annual tax bill (MLS)
$49,800/yr
Assessed value
2025
County assessor
$104,628
2024
$85,461
2023
$85,461
2022
$85,461
2021
$85,461
2020
$85,459
2019
$85,459
2018
$50,070
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Mark Ahmad · Century 21 Circle
Listing last updated Aug 15, 2026 · data refreshed from the MLS Aug 15, 2026, 2:41 PM CT
Based on information submitted to the MLS GRID as of Aug 15, 2026, 2:41 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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