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

$298,000 Average Price
1,640Avg Home Size
1953Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Median Condo Value $121,700 $183,400
Median 3-Bedroom Home Value $207,100 $172,400
Percent Homes Decreasing 0 0
Percent Listing Price Reduction 18% 11.4%
Median List Price Per Sq Ft $125 $114
Median List Price $154,900 $214,900
Median Sale Price $298,000 $203,700
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,569 $2,124
Turnover (Sold Within Last Yr.) 3.8% 4%
Median Value Per Sq Ft $120 $119
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

3112 Martin Avenue MELROSE PARK, IL 60164
Photo of 3112 Martin Avenue, MELROSE PARK, IL 60164 (MLS # 08874098)
4 beds 2 baths 1,185 sqft $121,900
1831 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1831 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 08873380)
2 beds 2 baths 934 sqft $219,900
1221 N 33rd Avenue MELROSE PARK, IL 60160
4 beds 3 baths 2,150 sqft $149,000
2219 Calwagner Avenue MELROSE PARK, IL 60164
Photo of 2219 Calwagner Avenue, MELROSE PARK, IL 60164 (MLS # 08871954)
4 beds 2 baths 1,430 sqft $169,000
2318 Ruby Street MELROSE PARK, IL 60164
Photo of 2318 Ruby Street, MELROSE PARK, IL 60164 (MLS # 08871817)
4 beds 1 bath 1,703 sqft $82,400
1414 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1414 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 08871336)
3 beds 2 baths 1,200 sqft $219,000
844 N Prater Avenue MELROSE PARK, IL 60164
Photo of 844 N Prater Avenue, MELROSE PARK, IL 60164 (MLS # 08866226)
3 beds 2 baths 1,278 sqft $189,900
1522 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1522 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 08866109)
4 beds 2 baths $239,000
9650 Dickens Avenue MELROSE PARK, IL 60164
Photo of 9650 Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 08865657)
3 beds 1 bath $119,900
10114 Dickens Avenue MELROSE PARK, IL 60164
Photo of 10114 Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 08864135)
3 beds 1 bath 1,204 sqft $110,500
2741 Roberta Avenue MELROSE PARK, IL 60164
Photo of 2741 Roberta Avenue, MELROSE PARK, IL 60164 (MLS # 08862980)
3 beds 2 baths 1,500 sqft $225,000
261 Silver Lane MELROSE PARK, IL 60160
Photo of 261 Silver Lane, MELROSE PARK, IL 60160 (MLS # 08860763)
3 beds 2 baths 1,827 sqft $162,500
1738 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1738 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 08860470)
4 beds 2 baths 1,510 sqft $219,000
10603 Drummond Place MELROSE PARK, IL 60164
Photo of 10603 Drummond Place, MELROSE PARK, IL 60164 (MLS # 08856054)
3 beds 3 baths 1,716 sqft $275,000
10530 Diversey Avenue MELROSE PARK, IL 60164
Photo of 10530 Diversey Avenue, MELROSE PARK, IL 60164 (MLS # 08852921)
3 beds 2 baths 1,133 sqft $189,000
3020 Haber Avenue MELROSE PARK, IL 60164
Photo of 3020 Haber Avenue, MELROSE PARK, IL 60164 (MLS # 08851572)
4 beds 2 baths 1,156 sqft $115,500
1949 N 19th Avenue MELROSE PARK, IL 60160
Photo of 1949 N 19th Avenue, MELROSE PARK, IL 60160 (MLS # 08849059)
3 beds 2 baths $154,900
10413 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10413 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 08846561)
3 beds 2 baths 1,471 sqft $90,000
1007 N 13th Avenue MELROSE PARK, IL 60160
Photo of 1007 N 13th Avenue, MELROSE PARK, IL 60160 (MLS # 08844608)
3 beds 3 baths 2,779 sqft $320,000
1555 Eagle Avenue MELROSE PARK, IL 60160
Photo of 1555 Eagle Avenue, MELROSE PARK, IL 60160 (MLS # 08844025)
2 beds 1 bath $34,500

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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