Under $500K Investment Properties for Sale in Melrose Park, IL
Listed for sale 6 days ago
$ 425,000
ROI
21.2
Cash Flow/m
166- 2 Bed
- 3 Bath
- 1854 sft
1755 Riverwoods Dr, Melrose Park, IL, 60160
Listed for sale 7 days ago
$ 380,000
ROI
22.6Cash Flow/m
304- 3 Bed
- 2 Bath
- 2831 sft
3124 Rhodes Ave, Melrose Park, IL, 60164
$ 340,000
ROI
25.9Cash Flow/m
582- 3 Bed
- 2 Bath
- 1358 sft
(Undisclosed Address), Melrose Park, IL, 60164
Fix & Flip
$ 335,000
ROI
20.7Cash Flow/m
85- 4 Bed
- 3 Bath
- 1297 sft
124 N 11th 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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