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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
Motivated Seller
Listed for sale 2 days ago
$ 275,000
ROI
23.1
Cash Flow/m
253- 2 Bed
- 1 Bath
- 785 sft
2713 Landen Dr, Melrose Park, IL, 60164
Listed for sale 3 days ago
$ 285,000
ROI
22.1Cash Flow/m
183- 2 Bed
- 2 Bath
- 1152 sft
3131 N Prater Ave, Melrose Park, IL, 60164
$ 289,900
ROI
19.9Cash Flow/m
9- 3 Bed
- 3 Bath
- 1197 sft
2701 Lee St, Melrose Park, IL, 60164
$ 300,000
ROI
27.3Cash Flow/m
626- 3 Bed
- 1 Bath
- 1122 sft
2039 Scott St, 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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