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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
Listed for sale 3 days ago
$ 275,000
ROI
23.1
Cash Flow/m
253- 1 Bed
- 2 Bath
- 1440 sft
10515 Altgeld St, Melrose Park, IL, 60164
Fix & Flip
$ 260,000
ROI
20.6Cash Flow/m
63- 3 Bed
- 1 Bath
- 1368 sft
10443 W Medill Ave, Melrose Park, IL, 60164
$ 222,777
ROI
20.1Cash Flow/m
20- 3 Bed
- 1 Bath
- 1031 sft
3116 N Wolf Rd, Melrose Park, IL, 60164
$ 299,900
ROI
21.5Cash Flow/m
148- 2 Bed
- 2 Bath
- 1000 sft
1537 N 20th Ave, Melrose Park, IL, 60160
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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