Jorge Vigil
312-219-9234312-219-9234

Melrose Park Real Estate Analysis

Melrose Park is a village in Cook County, Illinois, United States. It is a suburb of Chicago. Melrose Park has long been home to a large Italian-American population, though now it is majority Mexican-American. The suburb was the home of Kiddieland Amusement Park from 1929 until 2010, and the current home of Maywood Park Racetrack, Shrine of Our Lady of Mt. Carmel, and Stern Pinball, Inc., which is now the world’s last manufacturer of coin-operated pinball machines.[1]

There is a Metra railroad station in Melrose Park with daily service to Chicago. Melrose Park is home to two hospitals, Westlake Hospital and Gottlieb Memorial Hospital.

Geography

According to the 2010 census, the village has a total area of 4.24 square miles (11.0 km2), all land.

Demographics

As of the census[5] of 2000, there were 23,171 people, 7,631 households, and 5,448 families residing in the village. The population density was 5,465.7 people per square mile (2,110.0/km²). There were 7,905 housing units at an average density of 1,864.7 per square mile (719.8/km²). The racial makeup of the village was 71.53% White, 2.92% African American, 0.49% Native American, 1.99% Asian, 0.01% Pacific Islander, 20.08% from other races, and 2.97% from two or more races. Hispanic or Latino of any race were 53.88% of the population.

There were 7,631 households out of which 37.5% had children under the age of 18 living with them, 51.8% were married couples living together, 12.7% had a female householder with no husband present, and 28.6% were non-families. 24.1% of all households were made up of individuals and 9.5% had someone living alone who was 65 years of age or older. The average household size was 3.03 and the average family size was 3.61.

In the village the population was spread out with 27.4% under the age of 18, 11.6% from 18 to 24, 32.6% from 25 to 44, 17.5% from 45 to 64, and 10.9% who were 65 years of age or older. The median age was 31 years. For every 100 females there were 100.6 males. For every 100 females age 18 and over, there were 99.3 males.

The median income for a household in the village was $40,689, and the median income for a family was $46,963. Males had a median income of $31,353 versus $24,961 for females. The per capita income for the village was $16,206. About 8.7% of families and 10.2% of the population were below the poverty line, including 11.0% of those under age 18 and 10.6% of those age 65 or over.

Melrose Park Real Estate Market Stats

Average Home Values

Price Distribution


Owners vs Renters

Home Averages

$79 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $177,200 $195,300
Median Single Family Home Value $191,200 $193,800
Median Condo Value $144,400 $208,100
Median 3-Bedroom Home Value $235,700 $189,000
Percent Homes Decreasing 7.9% 15.9%
Percent Listing Price Reduction 79 0
Median List Price Per Sq Ft $136 $125
Median List Price $152,000 $234,900
Median Sale Price 79 2,369,499
Homes For Sale 79 2,369,499
Homes Recently Sold 79 2,369,499
Property Tax $3,416 $2,147
Turnover (Sold Within Last Yr.) 3.1% 3.3%
Median Value Per Sq Ft $126 $130
1-Yr. Change 7.6% 7.2%
Homes For Sale By Owner 3 98,767
New Construction 0 121,135
Foreclosures 2 13,130

Melrose Park Real Estate Listings

Active Listings in Melrose Park

1108 N 12th Avenue MELROSE PARK, IL 60160
Photo of 1108 N 12th Avenue, MELROSE PARK, IL 60160 (MLS # 09511122)
4 beds 2 baths 1,420 sqft $199,900
3154 Martin Avenue MELROSE PARK, IL 60164
Photo of 3154 Martin Avenue, MELROSE PARK, IL 60164 (MLS # 09509418)
4 beds 2 baths 2,220 sqft $219,900
1543 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1543 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09504848)
2 beds 1 bath $149,900
9925 W Fullerton Avenue MELROSE PARK, IL 60164
Photo of 9925 W Fullerton Avenue, MELROSE PARK, IL 60164 (MLS # 09504745)
3 beds 1 bath 1,566 sqft $139,000
1404 N 33rd Avenue MELROSE PARK, IL 60160
Photo of 1404 N 33rd Avenue, MELROSE PARK, IL 60160 (MLS # 09498371)
3 beds 2 baths $175,000
815 N 21st Avenue MELROSE PARK, IL 60160
Photo of 815 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09498325)
3 beds 1 bath 976 sqft $89,900
1804 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1804 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09497244)
4 beds 2 baths $224,900
10722 Diversey Avenue MELROSE PARK, IL 60164
Photo of 10722 Diversey Avenue, MELROSE PARK, IL 60164 (MLS # 09494638)
3 beds 1 bath 1,291 sqft $189,900
10304 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10304 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09492540)
5 beds 3 baths $249,900
1700 Riverwoods Drive, Unit Number 412 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive, Unit Number 412, MELROSE PARK, IL 60160 (MLS # 09489581)
2 beds 2 baths 1,293 sqft $174,900
1410 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1410 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09485316)
3 beds 2 baths 2,000 sqft $218,000
10957 Wellington Street MELROSE PARK, IL 60164
Photo of 10957 Wellington Street, MELROSE PARK, IL 60164 (MLS # 09481643)
2 beds 1 bath 1,344 sqft $205,000
1801 Haddon MELROSE PARK, IL 60160
Photo of 1801 Haddon, MELROSE PARK, IL 60160 (MLS # 09469146)
4 beds 3 baths $289,900
1751 Riverwoods Drive, Unit Number 14 MELROSE PARK, IL 60160
Photo of 1751 Riverwoods Drive, Unit Number 14, MELROSE PARK, IL 60160 (MLS # 09408797)
3 beds 4 baths 3,120 sqft $320,000
1650 N Riverwoods Drive, Unit Number 407 Melrose Park, IL 60160
Photo of 1650 N Riverwoods Drive, Unit Number 407, Melrose Park, IL 60160 (MLS # 09406617)
1 bed 1 bath 1,100 sqft $149,500
3152 Charles Street MELROSE PARK, IL 60164
Photo of 3152 Charles Street, MELROSE PARK, IL 60164 (MLS # 09406061)
3 beds 2 baths 1,200 sqft $199,999
10906 Wellington Street Melrose Park, IL 60164
Photo of 10906 Wellington Street, Melrose Park, IL 60164 (MLS # 09396315)
3 beds 1 bath 1,418 sqft $169,900
907 N 21st Avenue MELROSE PARK, IL 60160
Photo of 907 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09394739)
2 beds 1 bath 1,292 sqft $179,900
2749 N Landen Drive MELROSE PARK, IL 60164
Photo of 2749 N Landen Drive, MELROSE PARK, IL 60164 (MLS # 09387969)
1 bed 0 baths 484 sqft $39,950
MLS # 09377771 MELROSE PARK, IL 60164
Photo of MELROSE PARK, IL 60164 (MLS # 09377771)
3 beds 2 baths 1,387 sqft $140,000

Sold Listings in Melrose Park

1624 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1624 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09409657)
3 beds 1 bath 1,026 sqft $127,500
1309 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1309 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09407255)
4 beds 2 baths 4,375 sqft $195,000
1650 Riverwoods Drive, Unit Number 506 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 506, MELROSE PARK, IL 60160 (MLS # 09386700)
2 beds 2 baths 1,374 sqft $152,500
10315 W Medill Avenue MELROSE PARK, IL 60164
Photo of 10315 W Medill Avenue, MELROSE PARK, IL 60164 (MLS # 09385738)
3 beds 2 baths $96,750
1700 Riverwoods Drive, Unit Number 702 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive, Unit Number 702, MELROSE PARK, IL 60160 (MLS # 09381419)
1 bed 1 bath $117,000
1341 N 5th Avenue MELROSE PARK, IL 60160
Photo of 1341 N 5th Avenue, MELROSE PARK, IL 60160 (MLS # 09378448)
3 beds 2 baths 1,827 sqft $225,000
1700 N 14th Avenue MELROSE PARK, IL 60160
Photo of 1700 N 14th Avenue, MELROSE PARK, IL 60160 (MLS # 09374514)
3 beds 2 baths 1,637 sqft $163,319
1527 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1527 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09370851)
2 beds 2 baths 950 sqft $140,000
1631 N 32nd Avenue MELROSE PARK, IL 60160
Photo of 1631 N 32nd Avenue, MELROSE PARK, IL 60160 (MLS # 09369829)
2 beds 1 bath 1,055 sqft $169,900
1522 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1522 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09369563)
3 beds 2 baths 1,022 sqft $180,000
3100 La Porte Avenue MELROSE PARK, IL 60164
Photo of 3100 La Porte Avenue, MELROSE PARK, IL 60164 (MLS # 09365925)
3 beds 1 bath 1,282 sqft $70,000
917 N Harold Avenue MELROSE PARK, IL 60164
Photo of 917 N Harold Avenue, MELROSE PARK, IL 60164 (MLS # 09364704)
3 beds 2 baths 1,588 sqft $175,000
1714 Broadway Street MELROSE PARK, IL 60160
Photo of 1714 Broadway Street, MELROSE PARK, IL 60160 (MLS # 09362503)
2 beds 2 baths 930 sqft $140,000
1611 N 33rd Avenue MELROSE PARK, IL 60160
Photo of 1611 N 33rd Avenue, MELROSE PARK, IL 60160 (MLS # 09361787)
4 beds 2 baths 1,272 sqft $212,000
9621 Castello Avenue MELROSE PARK, IL 60164
Photo of 9621 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09361895)
3 beds 1 bath $169,000
910 Winston Drive MELROSE PARK, IL 60160
Photo of 910 Winston Drive, MELROSE PARK, IL 60160 (MLS # 09360857)
3 beds 3 baths 1,900 sqft $265,000
3153 Charles Street MELROSE PARK, IL 60164
Photo of 3153 Charles Street, MELROSE PARK, IL 60164 (MLS # 09359478)
4 beds 2 baths 1,680 sqft $235,000
1315 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1315 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09357936)
3 beds 1 bath 1,198 sqft $174,900
1312 N 14th Avenue MELROSE PARK, IL 60160
Photo of 1312 N 14th Avenue, MELROSE PARK, IL 60160 (MLS # 09356665)
3 beds 2 baths 1,421 sqft $200,000
1978 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1978 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09356033)
4 beds 2 baths 872 sqft $100,000

Walk Score for Melrose Park



Melrose Park School Data

Melrose Park School Districts

Maywood-Melrose Park-Broadview 89 School District
PK-8

Melrose Park Schools

Grant Elementary School
1-6, public
Mannheim Middle School
6-8, public
Scott Elementary School
PK-5, public
Jane Addams Elementary School
PK-8, public
Melrose Park Elementary School
PK-8, public
Stevenson Elementary School
PK-8, public
Sacred Heart School
PK-8, private
http://www.shsmelrosepark.com
Walther Christian Academy
9-12, private
http://www.walther.com
St Paul Lutheran School
PK-8, private
http://www.stpaulmp.org
Grace Montessori School
PK-2, private
H Mcnelty School Of First Baptist
PK-8, private
Word Of God Christian Academy
K-10, private
St. Paul Lutheran School
PK-8, private
Word Of God Christian Academy
K-8, private
Joseph Academy – Melrose Park
n/a, private
Walther Lutheran High School
PK-12, private

Posted on June 15, 2012 at 6:31 pm by Jorge Vigil

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