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 1416 N 36th Ave, Melrose Park, IL
Listed for sale 1 day ago
$ 154,900
ROI
22.9ROI percentage
Cash Flow/m
Dollar sign134
  • 2 Bed
  • 2 Bath
  • 1280 sft
1416 N 36th Ave, Melrose Park, IL, 60160
Property at 1400 Le Moyne Ct, Melrose Park, IL
$ 269,000
ROI
20.7ROI percentage
Cash Flow/m
Dollar sign69
  • 3 Bed
  • 2 Bath
  • 1800 sft
1400 Le Moyne Ct, Melrose Park, IL, 60160
Property at 2701 Lee St, Melrose Park, IL
$ 289,900
ROI
19.8ROI percentage
Cash Flow/m
Dollar sign1
  • 3 Bed
  • 3 Bath
  • 1197 sft
2701 Lee St, Melrose Park, IL, 60164
Property at 1706 N 15th Ave, Melrose Park, IL
$ 269,900
ROI
23.5ROI percentage
Cash Flow/m
Dollar sign278
  • 2 Bed
  • 1 Bath
  • 814 sft
1706 N 15th 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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