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

$0 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $166,500 $187,300
Median Single Family Home Value $177,900 $186,100
Median Condo Value $123,600 $199,300
Median 3-Bedroom Home Value $200,300 $181,300
Percent Homes Decreasing 49.3% 23.6%
Percent Listing Price Reduction 0 0
Median List Price Per Sq Ft $127 $119
Median List Price $191,000 $239,900
Median Sale Price 0 0
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,416 $2,177
Turnover (Sold Within Last Yr.) 3.4% 4%
Median Value Per Sq Ft $131 $132
1-Yr. Change -3.9% 5.1%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

1533 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1533 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09324752)
2 beds 2 baths 1,400 sqft $165,000
1104 N 10th Avenue MELROSE PARK, IL 60160
Photo of 1104 N 10th Avenue, MELROSE PARK, IL 60160 (MLS # 09324118)
3 beds 3 baths 1,918 sqft $254,900
1628 N 35th Avenue MELROSE PARK, IL 60160
Photo of 1628 N 35th Avenue, MELROSE PARK, IL 60160 (MLS # 09323554)
4 beds 2 baths 1,507 sqft $199,900
10126 Dickens Avenue MELROSE PARK, IL 60164
Photo of 10126 Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 09323215)
2 beds 2 baths 1,134 sqft $90,000
1514 N 32nd Avenue MELROSE PARK, IL 60160
Photo of 1514 N 32nd Avenue, MELROSE PARK, IL 60160 (MLS # 09323432)
3 beds 2 baths 980 sqft $125,000
1618 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1618 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09322393)
2 beds 2 baths 1,000 sqft $185,000
1650 Riverwoods Drive, Unit Number 506 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 506, MELROSE PARK, IL 60160 (MLS # 09320781)
2 beds 2 baths 1,374 sqft $159,500
220 Division Street MELROSE PARK, IL 60160
Photo of 220 Division Street, MELROSE PARK, IL 60160 (MLS # 09320762)
3 beds 3 baths 1,918 sqft $157,000
1650 Riverwoods Drive ,Unit Number 303 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive ,Unit Number 303, MELROSE PARK, IL 60160 (MLS # 09319270)
1 bed 1 bath 900 sqft $115,000
1611 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1611 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09314032)
4 beds 2 baths 1,100 sqft $159,900
916 W Hirsch Street MELROSE PARK, IL 60160
Photo of 916 W Hirsch Street, MELROSE PARK, IL 60160 (MLS # 09313235)
4 beds 3 baths 1,918 sqft $269,000
815 N 21st Avenue MELROSE PARK, IL 60160
Photo of 815 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09312475)
3 beds 1 bath 976 sqft $109,900
113 N 24th Avenue MELROSE PARK, IL 60160
Photo of 113 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09312345)
3 beds 3 baths $219,000
10515 Nevada Avenue MELROSE PARK, IL 60164
Photo of 10515 Nevada Avenue, MELROSE PARK, IL 60164 (MLS # 09305825)
4 beds 3 baths $129,000
1547 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1547 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09300379)
3 beds 2 baths 1,340 sqft $235,000
1650 Riverwoods Drive ,Unit Number 710 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive ,Unit Number 710, MELROSE PARK, IL 60160 (MLS # 09298840)
2 beds 2 baths 1,568 sqft $195,000
3137 Rhodes Avenue MELROSE PARK, IL 60164
Photo of 3137 Rhodes Avenue, MELROSE PARK, IL 60164 (MLS # 09298153)
3 beds 2 baths $209,000
9614 Castello Avenue MELROSE PARK, IL 60164
Photo of 9614 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09295740)
4 beds 3 baths 2,650 sqft $339,900
1005 Broadway Avenue MELROSE PARK, IL 60160
Photo of 1005 Broadway Avenue, MELROSE PARK, IL 60160 (MLS # 09294487)
3 beds 2 baths 1,467 sqft $164,900
1618 N 16th Avenue MELROSE PARK, IL 60160
Photo of 1618 N 16th Avenue, MELROSE PARK, IL 60160 (MLS # 09293436)
3 beds 1 bath 856 sqft $175,900

Sold Listings in Melrose Park

860 N Harold Avenue MELROSE PARK, IL 60164
Photo of 860 N Harold Avenue, MELROSE PARK, IL 60164 (MLS # 09276971)
2 beds 2 baths $176,000
10416 Altgeld Street Melrose Park, IL 60164
Photo of 10416 Altgeld Street, Melrose Park, IL 60164 (MLS # 09275602)
3 beds 3 baths 1,603 sqft $132,500
1525 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1525 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09264371)
2 beds 2 baths $166,000
241 Winters Drive MELROSE PARK, IL 60164
Photo of 241 Winters Drive, MELROSE PARK, IL 60164 (MLS # 09259898)
3 beds 3 baths 1,809 sqft $189,000
1616 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1616 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09254118)
3 beds 2 baths 1,082 sqft $156,250
3129 Lee Street MELROSE PARK, IL 60164
Photo of 3129 Lee Street, MELROSE PARK, IL 60164 (MLS # 09249255)
3 beds 2 baths $145,000
1420 N 13th Avenue MELROSE PARK, IL 60160
Photo of 1420 N 13th Avenue, MELROSE PARK, IL 60160 (MLS # 09244426)
3 beds 3 baths 1,847 sqft $233,000
MLS # 09242372 MELROSE PARK, IL 60164
Photo of MELROSE PARK, IL 60164 (MLS # 09242372)
3 beds 2 baths 1,270 sqft $175,000
1814 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1814 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 09240723)
3 beds 1 bath 950 sqft $170,000
2914 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2914 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09238140)
3 beds 1 bath 912 sqft $165,000
10413 Diversey Avenue Melrose Park, IL 60164
Photo of 10413 Diversey Avenue, Melrose Park, IL 60164 (MLS # 09237765)
3 beds 2 baths 948 sqft $83,200
919 W Hirsch Street MELROSE PARK, IL 60160
Photo of 919 W Hirsch Street, MELROSE PARK, IL 60160 (MLS # 09236378)
3 beds 3 baths 1,918 sqft $230,000
1307 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1307 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 09235618)
3 beds 2 baths 1,040 sqft $189,900
1546 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1546 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09230529)
3 beds 2 baths 1,152 sqft $126,000
1621 Channing Court MELROSE PARK, IL 60160
Photo of 1621 Channing Court, MELROSE PARK, IL 60160 (MLS # 09222176)
3 beds 2 baths 2,000 sqft $235,900
2759 Bellwood Avenue Melrose Park, IL 60164
Photo of 2759 Bellwood Avenue, Melrose Park, IL 60164 (MLS # 09220081)
3 beds 2 baths 2,066 sqft $97,500
1536 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1536 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09219402)
3 beds 2 baths 984 sqft $115,000
301 Braddock Drive MELROSE PARK, IL 60160
Photo of 301 Braddock Drive, MELROSE PARK, IL 60160 (MLS # 09218838)
3 beds 2 baths 2,544 sqft $265,000
808 Alcoa Avenue MELROSE PARK, IL 60164
Photo of 808 Alcoa Avenue, MELROSE PARK, IL 60164 (MLS # 09212880)
3 beds 2 baths 1,764 sqft $229,000
3150 Alta Street Melrose Park, IL 60164
Photo of 3150 Alta Street, Melrose Park, IL 60164 (MLS # 09210260)
3 beds 2 baths $167,500

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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