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 $166,500 $187,000
Median Single Family Home Value $177,300 $185,900
Median Condo Value $121,300 $196,700
Median 3-Bedroom Home Value $193,300 $180,500
Percent Homes Decreasing 53.7% 28.8%
Percent Listing Price Reduction 0 0
Median List Price Per Sq Ft $125 $118
Median List Price 0 0
Median Sale Price $139,000 $218,900
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,593 $2,181
Turnover (Sold Within Last Yr.) 3.6% 4.3%
Median Value Per Sq Ft 0 0
1-Yr. Change -5.8% 4.9%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

10503 Nevada Avenue MELROSE PARK, IL 60164
Photo of 10503 Nevada Avenue, MELROSE PARK, IL 60164 (MLS # 09240146)
4 beds 3 baths 1,005 sqft $90,000
2914 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2914 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09238140)
3 beds 1 bath 912 sqft $169,900
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
1404 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1404 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09234574)
3 beds 2 baths 1,012 sqft $129,900
2940 La Porte Avenue MELROSE PARK, IL 60164
Photo of 2940 La Porte Avenue, MELROSE PARK, IL 60164 (MLS # 09235547)
3 beds 3 baths 1,368 sqft $235,000
1410 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1410 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09232971)
3 beds 2 baths 2,000 sqft $249,900
1700 Riverwoods Drive ,Unit Number 714 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 714, MELROSE PARK, IL 60160 (MLS # 09231169)
2 beds 2 baths 1,292 sqft $179,900
221 Concord Drive MELROSE PARK, IL 60160
Photo of 221 Concord Drive, MELROSE PARK, IL 60160 (MLS # 09230716)
4 beds 3 baths $250,000
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 $125,000
3109 Lee Street MELROSE PARK, IL 60164
Photo of 3109 Lee Street, MELROSE PARK, IL 60164 (MLS # 09230924)
3 beds 1 bath 1,125 sqft $149,900
1009 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1009 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09226970)
4 beds 2 baths $175,000
915 N Prater Avenue MELROSE PARK, IL 60164
Photo of 915 N Prater Avenue, MELROSE PARK, IL 60164 (MLS # 09225876)
3 beds 2 baths 1,479 sqft $204,900
824 Rowlett Avenue MELROSE PARK, IL 60164
Photo of 824 Rowlett Avenue, MELROSE PARK, IL 60164 (MLS # 09222978)
3 beds 2 baths 2,075 sqft $245,000
1650 Riverwoods Drive ,Unit Number 506 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive ,Unit Number 506, MELROSE PARK, IL 60160 (MLS # 09222889)
2 beds 2 baths 1,374 sqft $169,500
1650 Riverwoods Drive ,Unit Number 210 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive ,Unit Number 210, MELROSE PARK, IL 60160 (MLS # 09222629)
2 beds 2 baths 1,568 sqft $156,000
10324 W Medill Avenue MELROSE PARK, IL 60164
Photo of 10324 W Medill Avenue, MELROSE PARK, IL 60164 (MLS # 09222566)
5 beds 3 baths 1,931 sqft $139,900
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 $94,500
1643 N 15th Avenue MELROSE PARK, IL 60160
Photo of 1643 N 15th Avenue, MELROSE PARK, IL 60160 (MLS # 09206800)
3 beds 2 baths 1,500 sqft $199,900
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 $315,000

Sold Listings in Melrose Park

2932 Behrns Drive MELROSE PARK, IL 60164
Photo of 2932 Behrns Drive, MELROSE PARK, IL 60164 (MLS # 09188965)
2 beds 1 bath 880 sqft $74,900
1615 N 33rd Avenue MELROSE PARK, IL 60160
Photo of 1615 N 33rd Avenue, MELROSE PARK, IL 60160 (MLS # 09183976)
3 beds 1 bath 1,215 sqft $65,000
1654 N 14th Avenue MELROSE PARK, IL 60160
Photo of 1654 N 14th Avenue, MELROSE PARK, IL 60160 (MLS # 09172494)
2 beds 1 bath 867 sqft $130,000
2220 Emerson Avenue MELROSE PARK, IL 60164
Photo of 2220 Emerson Avenue, MELROSE PARK, IL 60164 (MLS # 09166906)
2 beds 1 bath 863 sqft $131,900
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
141 E Grand Avenue MELROSE PARK, IL 60164
Photo of 141 E Grand Avenue, MELROSE PARK, IL 60164 (MLS # 09153196)
3 beds 2 baths 1,483 sqft $175,000
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
10108 Armitage Avenue Melrose Park, IL 60164
Photo of 10108 Armitage Avenue, Melrose Park, IL 60164 (MLS # 09143226)
2 beds 1 bath $50,000
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
1828 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1828 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09130010)
3 beds 1 bath 1,021 sqft $117,600
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
1631 N 19th Avenue MELROSE PARK, IL 60160
Photo of 1631 N 19th Avenue, MELROSE PARK, IL 60160 (MLS # 09121978)
2 beds 2 baths 950 sqft $155,000
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

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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