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    Melrose Park, IL
    Residential Income

    Melrose Park, IL Residential Income Properties for Sale

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    Maywood, IL Franklin Park, IL Bellwood, IL
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    Two-Unit Residential Income Property
    Updated: Jun 22
    Two-Unit Residential Income Property

    125 N 22nd Avenue, Melrose Park, IL 60160

    $369,000
    Two‑unit property in Melrose Park with 1 occupied unit and 1 vacant unit
    Finished basement with additional living space and a full bathroom
    Private entrances for the units
    Full kitchens in each unit with hardwood and tile flooring and updated bathrooms
    Large parking pad with ample off‑street parking; driveway, alley access, and owned parking
    View details
    Renovated Duplex with Basement Laundry
    Updated: Jun 17
    Renovated Duplex with Basement Laundry

    1310 N 24th Avenue, Melrose Park, IL 60160

    $449,900
    0.07 AC lot
    Two‑unit property with kitchens and baths; first‑floor unit fully renovated in 2024 with new flooring, updated electrical wiring, and contemporary lighting.
    First‑floor kitchen renovation includes granite island and new refrigerator, stove, and microwave.
    First‑floor bath fully renovated in 2024 plus new main entry door, new bedroom doors, and smart thermostat.
    Second‑floor unit includes new refrigerator, stove, and microwave, with updated kitchen cabinetry and a renovated bathroom.
    Boiler installed in 2024; water meter added in 2023; architectural shingle roof replaced in 2019.
    View details
    Turnkey 6-Unit Apartment Building
    Turnkey 6-Unit Apartment Building

    805 N 22nd Avenue, Melrose Park, IL 60160

    $869,700
    0.05 AC lot

    Turnkey 6-unit multifamily property with all units rented and four recently refreshed apartments.

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    Two-Unit Property with Garage
    Two-Unit Property with Garage

    1402 N 15th Avenue, Melrose Park, IL 60160

    $429,000
    0.15 AC lot

    Oversized two-unit property on a corner lot with garage.

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    Turn Key 6-Unit Building
    Turn Key 6-Unit Building

    805 North 22nd Avenue, Melrose Park, IL 60160

    $869,700
    2,329 sqft

    Six-unit building with refreshed units and strong rental income.

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    Mixed-Use Neighborhood Shopping Center
    Mixed-Use Neighborhood Shopping Center

    1559 North Mannheim Road, Stone Park, IL 60165

    $3,920,000
    17,110 sqft

    Fee-simple sale of a fully leased, unanchored center combining retail, client-facing office, and one residential unit.

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    Renovated Duplex with Basement Space
    Renovated Duplex with Basement Space

    1310 N 24th Avenue, 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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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Melrose Park, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Two-Story Mixed-Use Building
    Two-Story Mixed-Use Building

    421 LAKE Street, Maywood, IL 60153

    $1,050,000
    0.36 AC lot

    Two-story mixed-use building with leased residential units, storefronts, and rear industrial-style space.

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    4-Unit Residential Income Property
    4-Unit Residential Income Property

    621 Lake Street, Maywood, IL 60153

    $500,000
    0.10 AC lot

    Well-maintained quadplex with newer roof, updated water heaters, and off-street parking with eight dedicated spaces.

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    Commercial Property with Established Business
    Commercial Property with Established Business

    9011 Grand Avenue, River Grove, IL 60171

    $419,000
    0.07 AC lot

    Live and work in this River Grove commercial property.

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    River Grove Commercial Investment Opportunity
    River Grove Commercial Investment Opportunity

    8517 W Grand Avenue, River Grove, IL 60171

    $375,000
    0.30 AC lot

    Versatile property with potential for rental units or business operations.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Lot in River Forest
    Vacant Lot in River Forest

    1101 Bonnie Brae Place, River Forest, IL 60305

    $1,200,000
    0.42 AC lot

    Vacant lot suitable for condos or townhomes development.

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    Elmhurst Vacant Lot Opportunity
    Elmhurst Vacant Lot Opportunity

    426 E Harrison Street, Elmhurst, IL 60126

    $390,000
    0.23 AC lot

    Ready-to-build lot in Elmhurst with convenient access to Chicagoland.

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    Vacant Lot in Oak Park
    Vacant Lot in Oak Park

    1169 S Taylor Avenue, Oak Park, IL 60304

    $200,000

    Vacant lot for new construction in Southeast Oak Park.

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    Villa Park Premium Lot
    Villa Park Premium Lot

    650 E Van Buren Street, Villa Park, IL 60181

    $224,900
    0.95 AC lot

    Premium lot near school, shopping, and golf.

    View details

    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.

    1530 1st Ave
    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
    View details
    1660 1st Ave
    GARDEN APT, COURT APT (5+ UNITS)

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

    $1,545,000
    Estimated value
    0.20 AC lot
    View details
    1952 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

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

    $9,630,000
    Estimated value
    0.21 AC lot
    View details
    27 King Arthur Ct, Unit 43
    GARDEN APT, COURT APT (5+ UNITS)

    27 King Arthur Ct, Northlake, IL 60164-2723

    Unit 43
    $5,150,000
    Estimated value
    0.67 AC lot
    View details
    43 King Arthur Ct
    GARDEN APT, COURT APT (5+ UNITS)

    43 King Arthur Ct, Northlake, IL 60164-2739

    $5,140,000
    Estimated value
    10,502 sqft · 0.67 AC lot
    View details
    1914 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

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

    $8,900,000
    Estimated value
    0.21 AC lot
    View details
    1922 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1922 17th Ave, Melrose Park, IL 60160-1358

    $8,900,000
    Estimated value
    0.21 AC lot
    View details
    1918 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1918 17th Ave, Melrose Park, IL 60160-1357

    $8,900,000
    Estimated value
    0.21 AC lot
    View details
    1910 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1910 17th Ave, Melrose Park, IL 60160-1300

    $8,900,000
    Estimated value
    0.21 AC lot
    View details
    1936 17th Ave
    GARDEN APT, COURT APT (5+ UNITS)

    1936 17th Ave, Melrose Park, IL 60160-1361

    $8,900,000
    Estimated value
    0.21 AC lot
    View details
    2905 Willens Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2905 Willens Dr, Melrose Park, IL 60164-1265

    $7,175,000
    Estimated value
    0.08 AC lot
    View details
    2903 Willens Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2903 Willens Dr, Melrose Park, IL 60164-1264

    $7,100,000
    Estimated value
    0.20 AC lot
    View details
    2910 Vinan Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2910 Vinan Dr, Melrose Park, IL 60164-1254

    $7,190,000
    Estimated value
    0.12 AC lot
    View details
    2906 Vinan Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2906 Vinan Dr, Melrose Park, IL 60164-1250

    $7,185,000
    Estimated value
    0.12 AC lot
    View details
    1050 Vinan Dr
    GARDEN APT, COURT APT (5+ UNITS)

    1050 Vinan Dr, Melrose Park, IL 60164

    $7,090,000
    Estimated value
    0.03 AC lot
    View details
    2905 Vinan Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2905 Vinan Dr, Melrose Park, IL 60164-1249

    $7,140,000
    Estimated value
    0.14 AC lot
    View details
    2904 Vinan Dr
    GARDEN APT, COURT APT (5+ UNITS)

    2904 Vinan Dr, Melrose Park, IL 60164-1248

    $7,195,000
    Estimated value
    0.08 AC lot
    View details

    Melrose Park, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Melrose Park, IL, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 19,439 square feet of properties for sale, with an estimated market value of $4,799,700.

    Sale prices for residential income properties in Melrose Park, IL start at $879,700, averaging $2,399,850, and reaching up to $3,920,000 — 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

    Multifamily properties 10
    Apartment buildings 6
    Duplexes 4

    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 $618.2K
    60164 $1.9M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

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    Most Searched ZIP Codes in Melrose Park, IL

    • 60160
    • 60164
    • 60165

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