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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Under $500K Investment Properties for Sale in Melrose Park, IL
Listed for sale today
$ 319,900
ROI
21.3
Cash Flow/m
138- 3 Bed
- 2 Bath
- 2300 sft
1310 N 20th Ave, Melrose Park, IL, 60160
Listed for sale 1 day ago
$ 349,900
ROI
25.0Cash Flow/m
513- 3 Bed
- 3 Bath
- 2309 sft
205 E Grand Ave, Melrose Park, IL, 60164
Fix & Flip
Listed for sale 3 days ago
$ 250,000
ROI
34.9Cash Flow/m
1055- 6 Bed
- 2 Bath
- - sft
1513 N 32nd Ave, Melrose Park, IL, 60160
$ 244,999
ROI
25.5Cash Flow/m
393- 3 Bed
- 2 Bath
- 5940 sft
1543 N 32nd Ave, Melrose Park, IL, 60160
Why Invest in Melrose Park, Illinois?
Investing in Melrose Park presents a unique opportunity to acquire properties under $500k in a growing market. With a robust rental yield and steady appreciation rates, Melrose Park is becoming increasingly attractive to investors looking for affordable yet profitable opportunities. The area boasts a vibrant community and is strategically located near major highways, enhancing its appeal for renters.
8.5%
Avg. ROI
6%
Rental Yield
7.8%
Cap Rate
$300/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
4.2%
1Y Appreciation
Frequently Asked Questions
The average rental price in Melrose Park is approximately $1,500 per month. Prices can vary based on location and property type.
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