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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Melrose Park, IL
Fix & Flip
Listed for sale 3 days ago
$ 250,000
ROI
34.9
Cash Flow/m
1055- 6 Bed
- 2 Bath
- - sft
1513 N 32nd Ave, Melrose Park, IL, 60160
Fix & Flip
Rental Income
$ 329,900
ROI
30.7Cash Flow/m
1005- 4 Bed
- 2 Bath
- - sft
1209 N 22nd Ave, Melrose Park, IL, 60160
$ 325,000
ROI
21.4Cash Flow/m
151- 3 Bed
- 2 Bath
- 1200 sft
1545 N 23rd Ave, Melrose Park, IL, 60160
$ 375,000
ROI
23.2Cash Flow/m
361- 4 Bed
- 2 Bath
- - sft
125 N 22nd Ave, Melrose Park, IL, 60160
Why Invest in Melrose Park, Illinois?
Investing in multi-family properties in Melrose Park, IL offers a unique opportunity to capitalize on the area's stable rental market and diverse demographic. With an average ROI around 8.5% and a rental yield of 6.3%, investors can expect solid returns on their investments. The region's affordable average rent of $1,250 makes it attractive for renters, further enhancing cash flow potential.
8.5%
Avg. ROI
6.3%
Rental Yield
7%
Cap Rate
$300/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
5%
1Y Appreciation
Frequently Asked Questions
The average rent for multi-family units in Melrose Park is approximately $1,250, making it a competitive market for renters.
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