Jorge Vigil
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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

$81 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $176,100 $191,200
Median Single Family Home Value $193,500 $189,700
Median Condo Value $139,500 $203,800
Median 3-Bedroom Home Value $233,800 $185,400
Percent Homes Decreasing 3.1% 17.2%
Percent Listing Price Reduction 81 0
Median List Price Per Sq Ft $136 $122
Median List Price $167,000 $239,900
Median Sale Price 81 2,441,334
Homes For Sale 81 2,441,334
Homes Recently Sold 81 2,441,334
Property Tax $3,416 $2,148
Turnover (Sold Within Last Yr.) 3.3% 3.5%
Median Value Per Sq Ft $132 $132
1-Yr. Change 10.8% 6.2%
Homes For Sale By Owner 2 97,799
New Construction 0 113,038
Foreclosures 1 15,010

Melrose Park Real Estate Listings

Active Listings in Melrose Park

10413 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10413 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09401386)
3 beds 2 baths 1,471 sqft $66,590
1734 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1734 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09398615)
2 beds 1 bath 902 sqft $62,000
9659 W Fullerton Avenue MELROSE PARK, IL 60164
Photo of 9659 W Fullerton Avenue, MELROSE PARK, IL 60164 (MLS # 09396750)
5 beds 2 baths 2,372 sqft $189,900
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 $184,900
1218 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1218 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09393799)
3 beds 1 bath 672 sqft $129,900
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 $44,950
1801 Haddon MELROSE PARK, IL 60160
Photo of 1801 Haddon, MELROSE PARK, IL 60160 (MLS # 09385331)
4 beds 3 baths $289,900
3146 Derrough Avenue MELROSE PARK, IL 60164
Photo of 3146 Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09385625)
4 beds 2 baths 1,570 sqft $187,500
824 Rowlett Avenue MELROSE PARK, IL 60164
Photo of 824 Rowlett Avenue, MELROSE PARK, IL 60164 (MLS # 09383925)
3 beds 2 baths 2,075 sqft $219,000
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 $234,900
MLS # 09377771 MELROSE PARK, IL 60164
Photo of MELROSE PARK, IL 60164 (MLS # 09377771)
3 beds 2 baths 1,387 sqft $140,000
1802 N 24th Avenue Melrose Park, IL 60160
Photo of 1802 N 24th Avenue, Melrose Park, IL 60160 (MLS # 09376958)
4 beds 3 baths 4,500 sqft $148,500
3108 La Porte Avenue MELROSE PARK, IL 60164
Photo of 3108 La Porte Avenue, MELROSE PARK, IL 60164 (MLS # 09377054)
3 beds 2 baths 1,597 sqft $204,900
3132 Sandra Avenue MELROSE PARK, IL 60164
Photo of 3132 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09375456)
4 beds 2 baths 1,376 sqft $239,500
10624 Wrightwood Avenue MELROSE PARK, IL 60164
Photo of 10624 Wrightwood Avenue, MELROSE PARK, IL 60164 (MLS # 09374050)
5 beds 3 baths 2,464 sqft $269,900
1650 Riverwoods Drive, Unit Number 710 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 710, MELROSE PARK, IL 60160 (MLS # 09372447)
2 beds 2 baths 1,568 sqft $174,900
3107 Pearl Avenue MELROSE PARK, IL 60164
Photo of 3107 Pearl Avenue, MELROSE PARK, IL 60164 (MLS # 09371800)
3 beds 2 baths 1,457 sqft $166,000
1104 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1104 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09370545)
3 beds 2 baths 1,574 sqft $183,900
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 $178,000

Sold Listings in Melrose Park

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
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
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
3035 Alta Street Melrose Park, IL 60164
Photo of 3035 Alta Street, Melrose Park, IL 60164 (MLS # 09355385)
3 beds 2 baths 1,366 sqft $105,000
1600 N 33rd Avenue MELROSE PARK, IL 60160
Photo of 1600 N 33rd Avenue, MELROSE PARK, IL 60160 (MLS # 09355258)
4 beds 2 baths 1,300 sqft $170,000
3006 Martin Avenue MELROSE PARK, IL 60164
Photo of 3006 Martin Avenue, MELROSE PARK, IL 60164 (MLS # 09353938)
3 beds 1 bath 1,028 sqft $140,000
1533 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1533 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09345430)
3 beds 2 baths 958 sqft $149,000
2626 N Landen Drive MELROSE PARK, IL 60164
Photo of 2626 N Landen Drive, MELROSE PARK, IL 60164 (MLS # 09341039)
3 beds 3 baths $134,900
1748 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1748 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09339588)
3 beds 2 baths 2,250 sqft $261,500
1631 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1631 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09337199)
2 beds 1 bath 912 sqft $152,500
11400 W Grand Avenue MELROSE PARK, IL 60164
Photo of 11400 W Grand Avenue, MELROSE PARK, IL 60164 (MLS # 09336034)
4 beds 2 baths $206,000
3020 Haber Avenue MELROSE PARK, IL 60164
Photo of 3020 Haber Avenue, MELROSE PARK, IL 60164 (MLS # 09334916)
4 beds 2 baths 1,434 sqft $202,500
2940 La Porte Avenue Melrose Park, IL 60164
Photo of 2940 La Porte Avenue, Melrose Park, IL 60164 (MLS # 09330445)
3 beds 3 baths 1,368 sqft $208,000
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 $152,200
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 $248,000
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 $178,000
1509 N 5th Avenue MELROSE PARK, IL 60160
Photo of 1509 N 5th Avenue, MELROSE PARK, IL 60160 (MLS # 09320365)
3 beds 3 baths 1,918 sqft $259,900
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 $107,000
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 $154,000

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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