The median home value in Melrose Park, IL is $289,500.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Melrose Park, IL is $289,500.
Approximately 48% of Melrose Park homes are owned,
compared to 46% rented, while
7% are vacant.
Melrose Park real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Melrose Park real estate agent to arrange a tour today! Learn more about Melrose Park.
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
ATTENTION: INVESTORS & RESTAURANT OWNERS. TAKE A LOOK AT THIS MIXED USE BUILDING LOCATED STEPS AWAY FROM THE MELROSE PARK METRA STOP AND ACROSS THE STREET FROM POLICE STATION. FIRST FLOOR IS A WELL ESTABLISHED BUSINESS FOR MORE THAN 13 YEARS "EL JIRABITO". BUSINESS INCLUDED IN THE PRICE WITHOUT INVENTORY. SECOND FLOOR HAS AN APARTMENT WITH 2 BEDROOMS, LIVING ROOM, KITCHEN , DINING ROOM. APARTMENT AND RESTAURANT HAS BEEN REMODELED IN 2020: KITCHEN REMODELED WITH NEW KITCHEN HOOD, KITCHEN SUPPRESSION SYSTEM, ELECTRIC, PLUMBING, HEATING, DUCK WORK, WALLS, A/C, HOT WATER TANK, FURNACE, KITCHEN CABINETS ON SECOND FLOOR, BATHROOMS WERE ALSO REMODELED. ROOF WAS DONE IN 2018. THE LOT ADJACENT IS NOT PART OF THE DEAL BUT OWNER IS RENTING FOR $1000 A MONTH EXTRA. NOW IT'S LIKE A MINI BAR AND ENTERTAINMENT AREA. IT'S A GREAT OPPORTUNITY. UNFORTUNATELY OWNER HAS TO MOVE OUT OF STATE. MAKE YOUR APPOINTMENT TODAY!!!!
6 Flat with 5 two bedrooms apartments and 1 one bedroom apartment. Owner pays for heat and common area electric. It is fully occupied with long time tenants, rents are low. Roof 8 years old, Boiler 9 years old Tenants pay for Electric & Cooking gas. Walking Half a block from Lake St, walking distance to shopping, transportation and restaurants. To be sold as is.
Brick 6 Flat on corner lot. 5 two bedrooms 1 one bedroom Rents are below market. West Leyden High School - No leases, all units are on a Month to Month. TO BE SOLD AS IS. - Owner pays for heat for the whole building, Roof 2023 - Tenants pay for electricity and cooking gas. - Long-time tenants
Office/Retail building available on Broadway in Melrose Park. 1750 sq foot formerly occupied by an insurance company, ideal for any type of small office or retail. Parking in rear.
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 4/16/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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