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


Home Averages

$139,000 Average Price
1,640Avg Home Size
1953Avg Year Built

Owners vs Renters

 

Local vs National Home Values

 LocalNational
Zillow Home Value Index $164,500 $186,200
Median Single Family Home Value $176,100 $184,900
Median Condo Value $118,500 $195,900
Median 3-Bedroom Home Value $190,800 $179,400
Percent Homes Decreasing 58.3% 29%
Percent Listing Price Reduction 0 0
Median List Price Per Sq Ft $122 $118
Median List Price 0 0
Median Sale Price $139,000 $214,000
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,593 $2,170
Turnover (Sold Within Last Yr.) 3.7% 4.3%
Median Value Per Sq Ft 0 0
1-Yr. Change -7.4% 4.8%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

3137 Martin Avenue MELROSE PARK, IL 60164
Photo of 3137 Martin Avenue, MELROSE PARK, IL 60164 (MLS # 09213646)
3 beds 1 bath 1,200 sqft $180,000
808 Alcoa Avenue MELROSE PARK, IL 60164
3 beds 2 baths 1,764 sqft $229,000
241 Winters Drive MELROSE PARK, IL 60164
Photo of 241 Winters Drive, MELROSE PARK, IL 60164 (MLS # 09210860)
3 beds 3 baths 1,809 sqft $189,000
3150 Alta Street MELROSE PARK, IL 60164
Photo of 3150 Alta Street, MELROSE PARK, IL 60164 (MLS # 09210260)
3 beds 2 baths $179,900
1441 N 9th Avenue MELROSE PARK, IL 60160
Photo of 1441 N 9th Avenue, MELROSE PARK, IL 60160 (MLS # 09204538)
3 beds 3 baths 1,918 sqft $264,900
10610 Montana Avenue MELROSE PARK, IL 60164
Photo of 10610 Montana Avenue, MELROSE PARK, IL 60164 (MLS # 09203146)
5 beds 3 baths 2,629 sqft $274,900
1606 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1606 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 09200566)
6 beds 3 baths 2,306 sqft $325,000
1700 Riverwoods Drive ,Unit Number 515 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 515, MELROSE PARK, IL 60160 (MLS # 09197390)
2 beds 2 baths 1,430 sqft $195,000
1803 River Woods Drive ,Unit Number 2 MELROSE PARK, IL 60160
Photo of 1803 River Woods Drive ,Unit Number 2, MELROSE PARK, IL 60160 (MLS # 09196664)
2 beds 2 baths 1,852 sqft $219,900
10126 Belden Avenue MELROSE PARK, IL 60164
Photo of 10126 Belden Avenue, MELROSE PARK, IL 60164 (MLS # 09194316)
4 beds 3 baths 2,964 sqft $195,000
1700 Riverwoods Drive ,Unit Number 316 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 316, MELROSE PARK, IL 60160 (MLS # 09190112)
1 bed 1 bath 1,000 sqft $126,900
1302 N 15th Avenue ,Unit Number 35 MELROSE PARK, IL 60160
Photo of 1302 N 15th Avenue ,Unit Number 35, MELROSE PARK, IL 60160 (MLS # 09188804)
2 beds 2 baths 1,200 sqft $210,000
209 E Grand Avenue MELROSE PARK, IL 60164
Photo of 209 E Grand Avenue, MELROSE PARK, IL 60164 (MLS # 09182638)
3 beds 2 baths 1,363 sqft $144,900
MLS # 09181242 MELROSE PARK, IL 60160
Photo of MELROSE PARK, IL 60160 (MLS # 09181242)
3 beds 3 baths 2,200 sqft $369,500
10515 W Fullerton Avenue MELROSE PARK, IL 60164
Photo of 10515 W Fullerton Avenue, MELROSE PARK, IL 60164 (MLS # 09178802)
4 beds 2 baths 936 sqft $175,000
1521 Grant Avenue MELROSE PARK, IL 60160
Photo of 1521 Grant Avenue, MELROSE PARK, IL 60160 (MLS # 09174369)
3 beds 3 baths 1,883 sqft
2938 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2938 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09173814)
3 beds 1 bath 1,213 sqft $114,900
1700 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1700 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 09171658)
3 beds 3 baths 1,700 sqft $239,900
280 Andy Drive MELROSE PARK, IL 60160
Photo of 280 Andy Drive, MELROSE PARK, IL 60160 (MLS # 09168975)
4 beds 3 baths 1,918 sqft $229,000
120 Division Street MELROSE PARK, IL 60160
Photo of 120 Division Street, MELROSE PARK, IL 60160 (MLS # 09158229)
3 beds 3 baths 1,895 sqft $288,000

Sold Listings in Melrose Park

1805 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1805 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09159006)
2 beds 2 baths 928 sqft $160,000
541 Rose Drive MELROSE PARK, IL 60160
Photo of 541 Rose Drive, MELROSE PARK, IL 60160 (MLS # 09156775)
3 beds 3 baths 1,918 sqft $250,000
1729 N 15th Avenue MELROSE PARK, IL 60160
Photo of 1729 N 15th Avenue, MELROSE PARK, IL 60160 (MLS # 09156098)
2 beds 1 bath 899 sqft $205,000
911 W Hirsch Street MELROSE PARK, IL 60160
Photo of 911 W Hirsch Street, MELROSE PARK, IL 60160 (MLS # 09152484)
3 beds 3 baths 1,918 sqft $228,000
2045 Louis Street MELROSE PARK, IL 60164
Photo of 2045 Louis Street, MELROSE PARK, IL 60164 (MLS # 09149641)
2 beds 1 bath 708 sqft $144,900
10615 W Grand Avenue MELROSE PARK, IL 60164
Photo of 10615 W Grand Avenue, MELROSE PARK, IL 60164 (MLS # 09148336)
4 beds 3 baths 1,550 sqft $145,000
10412 Dickens Avenue MELROSE PARK, IL 60164
Photo of 10412 Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 09147887)
4 beds 1 bath $155,000
1537 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1537 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09140370)
2 beds 2 baths 1,350 sqft $165,000
1700 Riverwoods Drive ,Unit Number 405 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 405, MELROSE PARK, IL 60160 (MLS # 09137068)
2 beds 2 baths 1,600 sqft $173,000
120 Division Street MELROSE PARK, IL 60160
Photo of 120 Division Street, MELROSE PARK, IL 60160 (MLS # 09126209)
3 beds 3 baths 1,895 sqft $213,000
1414 Broadway Street MELROSE PARK, IL 60160
Photo of 1414 Broadway Street, MELROSE PARK, IL 60160 (MLS # 09121049)
3 beds 3 baths 1,512 sqft $190,000
1525 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1525 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09120341)
2 beds 2 baths 1,000 sqft $93,450
2959 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2959 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09111563)
4 beds 2 baths 1,323 sqft $176,500
1716 N 22 Avenue MELROSE PARK, IL 60160
Photo of 1716 N 22 Avenue, MELROSE PARK, IL 60160 (MLS # 09111345)
2 beds 2 baths 1,550 sqft $200,000
2959 Derrough Avenue MELROSE PARK, IL 60164
Photo of 2959 Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09105910)
4 beds 2 baths 1,298 sqft $99,750
3102 Division Street MELROSE PARK, IL 60160
Photo of 3102 Division Street, MELROSE PARK, IL 60160 (MLS # 09105743)
3 beds 1 bath 1,095 sqft $82,500
1216 Elsie Drive MELROSE PARK, IL 60160
Photo of 1216 Elsie Drive, MELROSE PARK, IL 60160 (MLS # 09104138)
3 beds 3 baths 2,200 sqft $200,000
1700 Riverwoods Drive ,Unit Number 510 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 510, MELROSE PARK, IL 60160 (MLS # 09102362)
2 beds 2 baths 1,200 sqft $149,000
844 N Roy Avenue Melrose Park, IL 60164
Photo of 844 N Roy Avenue, Melrose Park, IL 60164 (MLS # 09099402)
2 beds 1 bath 840 sqft $88,017
1217 N 34th Avenue MELROSE PARK, IL 60160
Photo of 1217 N 34th Avenue, MELROSE PARK, IL 60160 (MLS # 09099380)
3 beds 1 bath 1,050 sqft $65,000

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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