Investment Properties Under $500K in Melrose Park, IL | Ziffy.ai
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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

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 916 N Roberta Ave, Melrose Park, IL
$ 370,000
ROI
23.4ROI percentage
Cash Flow/m
Dollar sign374
  • 3 Bed
  • 2 Bath
  • 1400 sft
916 N Roberta Ave, Melrose Park, IL, 60164

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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