The median home value in Melrose Park, IL is $324,950.
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 $324,950.
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.
Convenient to major transportation routes industrial building on 1.06 acre parcel. 19,500sf shop space with additional 2,700sf office space. Enclosed decked 20x34 shop storage provides additional work/storage, 30 vehicle parking. 2 fenced lots. 480v 3 phase power. Shop ceiling 13'-20' clear. 3 large drive-in doors. Energy efficient LED shop lighting. 8" thick shop floor to support heavy equipment. Office features 6 private office, conference & drafting rooms & large general office space w/reception area. Great location near I-294, I-290 & O'Hare Airport. Current owner use this space as the storage.
Absolutely fabulous turn key 6 unit with tenants in ALL units! All are 2 bedrooms except for one of the garden level units. Photos and 3-D tour are current as of 11/18. 4 of the units are recently rehabbed. All units are rented and bringing in exceptional rents. Financials below are based off of the 2023 full year. Rents have gone up $2600 per month since units were rehabbed.
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.
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