The median home value in Melrose Park, IL is $289,500.
This is
higher than
the county median home value of $285,000.
The national median home value is $308,980.
The average price of homes sold in Melrose Park, IL is $289,500.
Approximately 48% of Melrose Park homes are owned,
compared to 46% rented, while
7% are vacant.
Melrose Park real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Melrose Park real estate agent to arrange a tour today! Learn more about Melrose Park.
Classic 2-story brick industrial building approximately 46,807sf for dry-storage or heavy manufacturing in warehouse of 42,600+/-sf, has showroom & second-floor Mezzanine offices of 2,100+/-sf with abundant restrooms in the heart of Melrose Park that sits on extremely visible corner at Armitage & 15th Avenue, surrounded by plenty of retail options in this community.
Prime Melrose Park Multi-Family consisting of a 2-story brick & stone building containing 20 residential apartments (made up of 10 one-bedroom and 10 two-bedroom apartments). All have leases mostly in place early 2024. Has 22 parking spaces. Healthy generating NOI and with further room to grow by decreasing expenses and bringing units closer to market rent. In addition, the 8,000 square foot basement can be sub divided for further rental income to either tenant storage, or two businesses. Plus, even more additional income is available by finishing the coin operated laundry room on 1st floor by adding 2 washers / 2 dryers, and if separate office space is rented out. This property is ideally located with many employment opportunities, retail, and restaurants all within short walking distance. If you're looking to add a cash cow to your portfolio, this is the one.
TURN KEY - FULLY RENTED - 6 RETAIL ESTABLISHMENTS AND FIVE APARTMENTS - CONVENIENTLY LOCATED ALONG LAKE STREET WITH A LOT OF TRAFFIC OFFERING GREAT VISIBILITY - $203,400/YEAR IN RENTS - LARGE ALL BRICK BUILDING. COMMERCIAL TENANTS PAY THEIR OWN ELECTRIC AND GAS - OWNER PAYS GAS (BOILER) FOR RESIDENTIAL UNITS AND WATER FOR ALL UNITS - RESIDENTIAL TENANTS PAY THEIR OWN ELECTRIC.
Seller willing to finance. Here is a Restaurant ready for new Owner. Present Owner has health problems that does not allow him to continue. Lots of Businesses all around and a Swap O Ramma very close. Busy on weekends. Great place to start if you have bigger dreams of owing something bigger later.
Set it and forget it. The building is fully occupied with automotive tenants that have been in this location each for 7+ years. Tenants take care of their spaces including roof and plumbing. Limited auto mechanics licences in Melrose Park keeps the building at full occupancy. Please call listing agents with any questions.
ATTENTION: INVESTORS & RESTAURANT OWNERS. TAKE A LOOK AT THIS MIXED USE BUILDING LOCATED STEPS AWAY FROM THE MELROSE PARK METRA STOP AND ACROSS THE STREET FROM POLICE STATION. FIRST FLOOR IS A WELL ESTABLISHED BUSINESS FOR MORE THAN 12 YEARS "EL JIRABITO". BUSINESS INCLUDED IN THE PRICE WITH INVENTORY. SECOND FLOOR HAS AN APARTMENT WITH 2 BEDROOMS, LIVING ROOM, KITCHEN , DINING ROOM. APARTMENT AND RESTAURANT HAS BEEN REMODELED IN 2020: KITCHEN REMODELED WITH NEW KITCHEN HOOD, KITCHEN SUPPRESSION SYSTEM, ELECTRIC, PLUMBING, HEATING, DUCK WORK, WALLS, A/C, HOT WATER TANK, FURNACE, KITCHEN CABINETS ON SECOND FLOOR, BATHROOMS WERE ALSO REMODELED. ROOF WAS DONE IN 2018. THE LOT ADJACENT IS NOT PART OF THE DEAL BUT OWNER IS RENTING FOR $1000 A MONTH EXTRA. NOW IT'S LIKE A MINI BAR AND ENTERTAINMENT AREA. IT'S A GREAT OPPORTUNITY. UNFORTUNATELY OWNER HAS TO MOVE OUT OF STATE. MAKE YOUR APPOINTMENT TODAY!!!!
Mixed Use 5,880 SF property in excellent Melrose Park location. Adjacent vacant lot next door included for a total lot size of 105x126'. The 2750 SF commercial space is fully built out as a medical office. It is currently listed for lease at $17 SF/YR. The second floor features 2 residential units with separate entrances for each. Front unit is a newly renovated 2 bed 1 bath with new luxury vinyl floors, fresh paint, new SS appliances, and an open layout with a spacious living & dining area. Approximately 1400sqft per unit, plus a private balcony, central air, and separate utilities. Unit 2 is currently available for rent at $1500/mo. Unit 3 is in mostly original condition with long term tenants in place. Signage increases property's visibility. Very easy street parking directly outside for customers plus private gated exterior parking. Excellent Melrose Park location within close proximity to Lake Street, Expressways, Metra Station just 1 block away, Westlake Hospital, Menards, Target, and much more.
OWNER USERS TWO UNITS 4500 SF EACH. EACH HAS A DOCK AND OVER HEAD DOOR 200 AMPS POWER.PARKING IN THE BACK THE OWNER IS WILLING TO LEASE 4500 SF FOR $4125 A MONTH TAX INCLUDED
Listings courtesy of MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 6/9/2023. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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