Investment Properties Under $300K in Melrose Park, IL | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Under $300K Investment Properties for Sale in Melrose Park, IL

Property at 1513 N 32nd Ave, Melrose Park, IL
Fix & Flip
Listed for sale 4 days ago
$ 250,000
ROI
34.9ROI percentage
Cash Flow/m
Dollar sign1055
  • 6 Bed
  • 2 Bath
  • - sft
1513 N 32nd Ave, Melrose Park, IL, 60160
Property at 1543 N 32nd Ave, Melrose Park, IL
$ 244,999
ROI
25.5ROI percentage
Cash Flow/m
Dollar sign393
  • 3 Bed
  • 2 Bath
  • 5940 sft
1543 N 32nd Ave, Melrose Park, IL, 60160
Property at 10307 Dickens Ave, Melrose Park, IL
$ 300,000
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign79
  • 4 Bed
  • 1 Bath
  • 1149 sft
10307 Dickens Ave, Melrose Park, IL, 60164
Property at 10113 McLean Ave, Melrose Park, IL
$ 299,900
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign80
  • 2 Bed
  • 1 Bath
  • 1167 sft
10113 McLean Ave, Melrose Park, IL, 60164

Why Invest in Melrose Park, Illinois?

Investing in properties under $300,000 in Melrose Park presents a unique opportunity for savvy investors. With an average rental yield of 6% and a cap rate of 8%, the potential for solid cash flow is compelling. The current market conditions, bolstered by an influx of renters, suggest a robust appreciation rate, making this area a prime candidate for investment.

12%
Avg. ROI
6%
Rental Yield
8%
Cap Rate
$400/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
5%
1Y Appreciation

Frequently Asked Questions

As of now, the average property prices in Melrose Park are around $250,000, making it an accessible market for first-time investors.

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