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.
Prime Investment Opportunity - Well-Maintained 6-Unit Brick Building Outstanding location! This attractive, free-standing ALL brick and stone 6-unit building has an exceptional rental history and has never been vacant. Conveniently located just steps from the new Amazon Fulfillment Center, this property offers strong rental demand and excellent investment potential. The building features: Five spacious 2-bedroom units, One 1-bedroom unit, A total of 10 parking spaces Recent improvements include: New concrete driveway with parking for 4 vehicles in front and 2 New Concrette-car parking in the rear, plus asphalt parking for the remaining spaces Total (10 Car Parking), ALL New Roof, gutters, and aluminum soffits, Some newe windows, Several updated bathrooms, New owned coin-operated washer and dryer, providing additional income, Newer tuckpointing, Current rents offer significant upside potential, as all rents include heat and cooking gas. With market-rate adjustments, a new owner may have the opportunity to substantially increase rental income. Ideally located near shopping, transportation, restaurants, and other everyday conveniences, this is a rare opportunity to acquire a solid, income-producing property in a high-demand location.
Absolutely fabulous turn key 6 unit with tenants in all 6 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 refreshed. All units are rented and bringing in exceptional rents. Financials below are based off of the 2024 full year. Seller will replace the roof with an acceptable offer!
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/8/2026 8:23 PM. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
How may I help you?
Get property information, schedule a showing or find an agent
