The median home value in Melrose Park, IL is $300,000.
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 $300,000.
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.
© 2024 J.W. Reedy Realty. All Rights Reserved.
Website by Constellation1, a division of Constellation Web Solutions