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    Melrose Park, IL Residential Income Properties for Sale

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    Two-Unit Cottage
    Updated: Aug 18
    Two-Unit Cottage

    1513 N 32nd Avenue, Melrose Park, IL 60160

    $250,000
    0.13 AC lot
    Approximately 2,173 square feet in a two‑unit cottage
    0.13‑acre lot with fenced outdoor space
    Two bathrooms and flexible two‑unit configuration
    Conversion to a single‑family residence may be explored, subject to municipal requirements and approvals
    Built in 1955 with aluminum siding and an asphalt roof
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    Two-Unit Duplex with Basement and Garage
    Updated: Jul 29
    Two-Unit Duplex with Basement and Garage

    806 N 20th Avenue, Melrose Park, IL 60160

    $330,000
    0.17 AC lot
    Two‑unit duplex layout with first‑floor 2‑bedroom unit and second‑floor unit with den
    0.17‑acre double lot with full basement and large Florida room
    Enclosed porch on the second‑floor unit plus full baths on both levels
    Brick garage with parking pads
    Natural gas heating
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    6-Unit Apartment Building
    6-Unit Apartment Building

    805 N 22nd Avenue, Melrose Park, IL 60160

    $869,700
    0.05 AC lot

    Turnkey 6-unit brick apartment building with all units rented and four recently refreshed.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Unit Residential Income Property
    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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    Six-Unit Brick Apartment Building
    Six-Unit Brick Apartment Building

    1670 N 1st Avenue, Melrose Park, IL 60160

    $869,000
    0.16 AC lot

    Freestanding multifamily property with varied unit layouts, on-site parking, and recent building improvements.

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    Two-Unit Duplex with Private Entrances
    Two-Unit Duplex with Private Entrances

    125 N 22nd Avenue, Melrose Park, IL 60160

    $375,000

    Two-unit duplex with one occupied unit and one vacant unit, plus private entrances and a finished basement.

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    Two-Unit Duplex Investment Property
    Two-Unit Duplex Investment Property

    1826 N 36th Avenue, Stone Park, IL 60165

    $329,900

    Brick duplex with a one-level front unit and a two-story rear unit, updated interiors, and a 2-car garage with double doors.

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    6-Unit Brick Apartment Building
    6-Unit Brick Apartment Building

    1670 N 1st Avenue, Melrose Park, IL 60160

    $869,000
    3,510 sqft

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

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    Brick Duplex with Two-Car Garage
    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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    Duplex with First-Floor Renovations
    Duplex with First-Floor Renovations

    1310 N 24th Avenue, Melrose Park, IL 60160

    $449,900
    0.07 AC lot

    Duplex with a fully renovated first-floor unit and a convenient basement laundry area.

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    Two-Unit Duplex with Garage
    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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    Two-Unit Apartment Building
    Two-Unit Apartment Building

    1622 N 40TH Avenue, Stone Park, IL 60165

    $319,900

    Two-unit apartment building built in 1945 with a 3-bedroom unit, a 2-bedroom unit, and steam baseboard heating.

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    Duplex with Full Basement
    Duplex with Full Basement

    1402 N 16th Avenue, Melrose Park, IL 60160

    $399,900

    Frame duplex on a double lot with a full basement, steam and baseboard heat, and fenced yard.

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    Triplex Property with Basement Apartment
    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
    Renovated Duplex with Basement Space

    1310 N 24th Avenue, Melrose Park, IL 60160

    Contact for pricing

    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
    Brick & Stone Six-Unit Building

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

    Contact for pricing

    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
    22-Unit Multifamily Property For Sale

    2241 Mannheim Rd, Melrose Park, IL 60164

    Contact for pricing

    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 17 Active Listings in Melrose Park, IL, we suggest to view alternatives - similar 55 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.

    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

    $1,335,000
    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

    $10,345,000
    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
    $5,520,000
    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

    $5,520,000
    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

    Melrose Park, IL Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Melrose Park, IL, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 3,510 square feet of properties for sale, with an estimated market value of $6,634,100.

    Sale prices for residential income properties in Melrose Park, IL start at $250,000, averaging $473,864, 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

    Multifamily properties 17
    Duplexes 11
    Apartment buildings 5
    Triplexes 1

    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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    • 60160
    • 60165
    • 60164

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