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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 2 days ago
$ 449,000
ROI
23.6
Cash Flow/m
480- 3 Bed
- 4 Bath
- 1918 sft
1531 N 9th Ave, Melrose Park, IL, 60160
Motivated Seller
Listed for sale 2 days ago
$ 275,000
ROI
23.1Cash 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
Listed for sale 6 days ago
$ 305,000
ROI
29.5Cash Flow/m
824- 3 Bed
- 2 Bath
- - sft
3121 N Wolf Rd, 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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