Melrose Park IL Homes for Rent
- Type:
- Other
- Sq.Ft.:
- 5,333
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1970
- Baths:
- MLS#:
- 12112714
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Courtesy: Compass
708-771-8040
ADDITIONAL INFORMATION
Handsome free standing office building consisting of 6 units. Can be reconfigured and/or build out to suit. High visibility, located on BUSY NORTH AVE. Each unit with separate electric and gas. Common/waiting areas on both upper and lower floors. 3 units currently occupied with a Law Office, a Temp Service, and a Construction Co. The other 3 units are available for new owner or can be leased. Located close to major highways and close proximity to O'Hare airport and downtown Chicago.
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Courtesy: Coldwell Banker Realty
312-266-7000
ADDITIONAL INFORMATION
Three unit property on double lot. Primary building has 2 legal units and an in-law arrangement in the basement. Coach house is grandfathered in with three bedrooms and recently updated. Current rents are due to longer term tenants; however, large margin to increase rents to market rate. Property has 4 gas meters and 4 electric meters. Electric has recently been updated with new service and panels. Each tenant pays their own electric and gas bill. Concrete work completed in 2022 along with roof for coach house. Roof of main building was done in 2017. 10 parking spaces available.
- Type:
- Single Family
- Sq.Ft.:
- 1,345
- Status:
- Active
- Beds:
- 3
- Lot size:
- 0.23 Acres
- Year built:
- 1949
- Baths:
- 1.00
- MLS#:
- 12103415
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Courtesy: Doceo Real Estate Inc
847-349-9196
ADDITIONAL INFORMATION
GREAT LOCATION! 10,000 SQ FT LOT! FANTASTIC OPPORTUNITY FOR THOSE WITH A VISION. 1.5 STORY 3 BED 1 BATH BUNGALOW. NEWER MECHANICALS AND WINDOWS. CENTRAL LOCATION CLOSE TO O'HARE AIRPORT. PREFERRED SCHOOL DISTRICTS. DESIRABLE NEIGHBORHOOD. DON'T MISS OUT THIS DIAMOND IN THE ROUGH!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1970
- Baths:
- 5.00
- MLS#:
- 12095359
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Courtesy: Altogether Realty Corporation
847-915-0889
ADDITIONAL INFORMATION
Welcome to a lucrative opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. This property offers a blend of comfortable living space and exceptional rental income potential, making it ideal for investors looking to maximize returns in the real estate market, as well as a unique option to have a unit to reside in. This investment gem sits within close proximity to constantly developing shopping centers, major highways, schools, parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike, but also presents long-term appreciation in property value. A well-maintained 4-unit brick building comprises of three spacious 2-bedroom apartments and one large single-bedroom unit. A Large laundry room with coin operated washer and dryer and additional storage for each apartment. A Shed located in the back of the property, along with a common picnic area. The building also has 5 parking spots, a highly-desirable feature in the area. The building is equipped with a newer roof and gutters (2017) as well as new fire-resistant doors. All units are currently occupied by long-term tenants. With the current lower rents, the capitalization rate is 6.15 precent . With brought up to market value rent, the capitalization rate rises above 8.4 precent ! This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. Whether you're looking to diversify your portfolio, generate passive income, or secure a residence with income potential, this investment promises to deliver both financial rewards and lifestyle benefits. One of the owners is a licensed real estate agent.
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Year built:
- 1893
- Baths:
- 2.00
- MLS#:
- 12085900
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Courtesy: Triple A Real Estate, LLC.
630-271-1006
ADDITIONAL INFORMATION
LARGE PRICE REDUCTION!! BOTH UNITS ALMOST LIKE NEW Each Unit has its OWN CENTRAL AIR CONDITIONING UNIT. Live in one and rent the other to help with mortgage.Super Highly Motivated Seller, will consider all offers! This professionally renovated property boasts modern upgrades including new AC units (2) and furnaces (2), new insulation was installed on the two units, for energy savings, updated electrical and plumbing systems, and brand new custom kitchen cabinets with stunning quartz countertops and new appliances. Enjoy new flooring throughout both units, beautifully updated bathrooms with new fixtures, newer and some brand new windows, new interior doors, stylish new light fixtures, and new front and back stairs. Situated on an oversized lot, this home offers ample space for gatherings and entertainment, along with plenty of parking. Conveniently located near highways and public transportation, this property is a must-see! Don't miss out on this incredible opportunity-schedule your showing today!
$2,500,000
4817 W Lake Street Melrose Park, IL 60160
- Type:
- Business Opportunities
- Sq.Ft.:
- 22,112
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.06 Acres
- Year built:
- 1956
- Baths:
- MLS#:
- 12073505
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Courtesy: Cambridge Realty LLC
312-919-3646
ADDITIONAL INFORMATION
Convenient to major transportation routes industrial building on 1.06 acre parcel. 19,500sf shop space with additional 2,700sf office space. Enclosed decked 20x34 shop storage provides additional work/storage, 30 vehicle parking. 2 fenced lots. 480v 3 phase power. Shop ceiling 13'-20' clear. 3 large drive-in doors. Energy efficient LED shop lighting. 8" thick shop floor to support heavy equipment. Office features 6 private office, conference & drafting rooms & large general office space w/reception area. Great location near I-294, I-290 & O'Hare Airport. Current owner use this space as the storage.
- Type:
- Other
- Sq.Ft.:
- 6,950
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1961
- Baths:
- MLS#:
- 11978478
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Courtesy: Alexander Realty LLC
708-878-7213
ADDITIONAL INFORMATION
OPPORTUNITY KNOCKS! Discover an unparalleled investment opportunity in the heart of the bustling commercial district of unincorporated Melrose Park, Cook County. This fully leased strip mall is a true cash cow, strategically positioned on a highly trafficked, busy street boasting an extremely high vehicle count per day, ensuring constant visibility. Coupled with high foot traffic, it's a magnet for consistent consumer flow to its long-term tenants. Offering a solid 7 cap rate in an investor-friendly environment, this property not only promises attractive returns but also stands as a testament to stability and potential growth in a thriving market. Perfect for those seeking to expand their portfolio, this strip mall combines immediate cash flow with long-term value appreciation in a location that maximizes profitability and management ease. Seize this chance to anchor your investment in a vibrant community, reaping the benefits of Melrose Park's commercial vitality.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1890
- Baths:
- MLS#:
- 11970738
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Courtesy: RE/MAX 1st Service
708-675-1600
ADDITIONAL INFORMATION
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 13 YEARS "EL JIRABITO". BUSINESS INCLUDED IN THE PRICE WITHOUT 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!!!!
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 7
- Year built:
- 1909
- Baths:
- 3.00
- MLS#:
- 11946787
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Courtesy: Realty of Chicago LLC
773-988-1688
ADDITIONAL INFORMATION
GREAT INVESTMENT. TWO UNIT PROPERTY WITH A FULL UNFINISHED BASEMENT AND AN IN-LAW ARRANGEMENT. PROPERTY ALSO INCLUDES A 2 CAR GARAGE. PLEASE PROVIDE PROOF OF FUNDS OR PRE-APPROVAL. INFORMATION NOT GUARANTEED. TAX PRORATION 100. SOLD AS-IS.
- Type:
- Single Family
- Sq.Ft.:
- 613
- Status:
- Active
- Beds:
- 2
- Year built:
- 1894
- Baths:
- 1.00
- MLS#:
- 11946800
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Courtesy: Realty of Chicago LLC
773-988-1688
ADDITIONAL INFORMATION
GREAT INVESTMENT PROPERTY. PLEASE PROVIDE PROOF OF FUNDS OR PRE-APPROVAL. INFORMATION NOT GUARANTEED. SOLD AS-IS.
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Melrose Park Real Estate
The median home value in Melrose Park, IL is $324,500. This is higher than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Melrose Park, IL is $324,500. Approximately 49.65% of Melrose Park homes are owned, compared to 43.02% rented, while 7.33% are vacant. Melrose Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melrose Park real estate agent to arrange a tour today!
Melrose Park, Illinois has a population of 25,417. Melrose Park is more family-centric than the surrounding county with 34.36% of the households containing married families with children. The county average for households married with children is 29.73%.
The median household income in Melrose Park, Illinois is $58,871. The median household income for the surrounding county is $72,121 compared to the national median of $69,021. The median age of people living in Melrose Park is 33.9 years.
Melrose Park Weather
The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 38.1 inches per year, with 37.2 inches of snow per year.