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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
$ 384,900
ROI
28.4
Cash Flow/m
925- 5 Bed
- 2 Bath
- - sft
1637 N 34th Ave, Melrose Park, IL, 60160
Rental Income
$ 425,000
ROI
24.1Cash Flow/m
513- 5 Bed
- 2 Bath
- - sft
1511 N 15th Ave, Melrose Park, IL, 60160
$ 260,000
ROI
22.6Cash Flow/m
208- 2 Bed
- 1 Bath
- 1202 sft
1647 N 22nd Ave, Melrose Park, IL, 60160
$ 649,900
ROI
23.8Cash Flow/m
668- 7 Bed
- 3 Bath
- - sft
1402 N 23rd 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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