Melrose Park, IL Multifamily Properties for Sale

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Bellwood, IL Maywood, IL River Grove, IL River Forest, IL Hillside, IL Franklin Park, IL Elmwood Park, IL Westchester, IL

18 properties

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Updated: Aug 18

Two-Unit Cottage with Garage

1513 N 32nd Avenue, Melrose Park, IL 60160

$250,000

0.13 AC lot

Approximately 2,173 square feet with 5 total bedrooms and 2 bathrooms
Two‑unit layout with potential single‑family conversion, subject to municipal requirements and approvals
Built in 1955 with aluminum siding and an asphalt roof
0.13‑acre fenced lot with garage and driveway parking
Natural gas heating and public sewer

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Updated: Jul 29

Two-Unit Duplex with Garage

806 N 20th Avenue, Melrose Park, IL 60160

$330,000

0.17 AC lot

Two‑unit duplex on a 0.17‑acre double lot
First‑floor apartment with 2 bedrooms and living/dining room
Second‑floor apartment with 1 bedroom, den, and enclosed porch
Full basement and Florida room
Brick garage plus parking pads

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Brick Six-Unit Apartment Building

805 N 22nd Avenue, Melrose Park, IL 60160

$869,700

0.05 AC lot

Fully rented brick property with four recently refreshed apartments and MULTI zoning.

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Two-Unit Residential Property

1513 N 32nd Avenue, Melrose Park, IL 60160

$250,000

2,173 sqft

Renovation project with separate living spaces and possible single-family conversion, subject to municipal requirements and approvals.

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6-Unit Brick Apartment Building

1670 N 1st Avenue, Melrose Park, IL 60160

$869,000

0.16 AC lot

Brick construction includes one- and two-bedroom apartments with on-site parking and updated building components.

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Updated Duplex with 2-Car Garage

1826 N 36th Avenue, Stone Park, IL 60165

$329,900

Brick two-unit property with refreshed interiors, public utilities, and a private backyard.

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Two-Unit Duplex with Finished Basement

125 N 22nd Avenue, Melrose Park, IL 60160

$375,000

One occupied residence and one vacant residence provide flexibility for an investor or owner-occupant.

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Two-Unit Residential Income Property

Melrose Park, IL 60160

$432,000

0.15 AC lot

Oversized two-unit property with a full basement, corner lot, and a 4-car garage, sold AS-IS.

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Brick Duplex with Two-Car Garage

1012 N 24th Avenue, Melrose Park, IL 60160

$479,900

0.07 AC lot

Two-unit property with separate utilities, central air, in-unit laundry, and a renovated lower residence.

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Renovated Duplex With Basement

1310 N 24th Avenue, Melrose Park, IL 60160

$449,900

0.07 AC lot

Two-unit property with updated interiors, basement laundry, and garage parking in Melrose Park.

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6-Unit Brick Apartment Building

1670 N 1st Avenue, Melrose Park, IL 60160

$869,000

Five two-bedroom residences and one one-bedroom residence support a diversified apartment configuration with on-site parking.

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Two-Unit Duplex with Garage

1622 N 40TH Avenue, Stone Park, IL 60165

$319,900

Frame construction and an on-site garage support a residential income property with tenants already in place.

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Duplex with Full Basement

1402 N 16th Avenue, Melrose Park, IL 60160

$399,900

Frame construction includes owned parking, a patio, fencing, and public sewer service.

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Two-Unit Duplex with Garage

806 N 20th Avenue, Melrose Park, IL 60160

$330,000

Separate apartments offer flexible living areas, enclosed porch space, basement utility, and off-street parking.

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Triplex Property with Basement Apartment

1209 N 22ND Avenue, Melrose Park, IL 60160

$329,900

Legal two-flat configuration includes an additional apartment, spacious living areas, an eat-in kitchen, yard, and on-site parking.

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Renovated Duplex with Basement Space

1310 N 24th Ave, Melrose Park, IL 60160

$449,900

Move-in ready first and second-floor units with 2024 renovations, plus basement laundry and flexible storage or work area.

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Brick & Stone Six-Unit Building

1670 N 1st 1670 1st Ave, Melrose Park, IL 60160

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Freestanding brick-and-stone building with six units and 9 parking spots, plus coin-operated laundry on-site.

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22-Unit Multifamily Property For Sale

2241 Mannheim Rd, Melrose Park, IL 60164

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22-unit multifamily property in Melrose Park, Illinois, with rental upside.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Melrose Park, IL, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

Off-Market Properties in Melrose Park, IL

Consider similar Off-Market properties in Melrose Park, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

GARDEN APT, COURT APT (5+ UNITS)

1530 1st Ave, Melrose Park, IL 60160-2565

$865,000

Estimated value

5,956 sqft 0.17 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1660 1st Ave, Melrose Park, IL 60160-2430

$1,335,000

Estimated value

0.20 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1952 17th Ave, Melrose Park, IL 60160-1363

$10,345,000

Estimated value

0.21 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

27 King Arthur Ct, Northlake, IL 60164-2723

Unit 43

$5,520,000

Estimated value

0.67 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

43 King Arthur Ct, Northlake, IL 60164-2739

$5,520,000

Estimated value

10,502 sqft 0.67 AC lot

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GARDEN APT, COURT APT (5+ UNITS)

1914 17th Ave, Melrose Park, IL 60160-1356

$8,900,000

Estimated value

0.21 AC lot

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Melrose Park, IL Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Melrose Park, IL, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 2,173 square feet of properties for sale, with an estimated market value of $7,334,000.

Sale prices for multifamily properties in Melrose Park, IL start at $250,000, averaging $458,375, and reaching up to $869,700 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 55K

Population Growth (5Y) -3.2%

Median Household Income $71,815

College Educated 15.4%

High-Yield Neighborhoods for Investment

Identify Melrose Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
60160	$525.8K

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cook County

New Delisted

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