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

$90 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $176,500 $193,800
Median Single Family Home Value $191,700 $192,200
Median Condo Value $141,700 $206,600
Median 3-Bedroom Home Value $230,600 $187,900
Percent Homes Decreasing 7.7% 16.2%
Percent Listing Price Reduction 90 0
Median List Price Per Sq Ft $136 $123
Median List Price $154,000 $235,000
Median Sale Price 90 2,266,650
Homes For Sale 90 2,266,650
Homes Recently Sold 90 2,266,650
Property Tax $3,416 $2,147
Turnover (Sold Within Last Yr.) 3.1% 3.3%
Median Value Per Sq Ft $127 $130
1-Yr. Change 8.5% 6.8%
Homes For Sale By Owner 6 94,059
New Construction 0 117,426
Foreclosures 1 12,726

Melrose Park Real Estate Listings

Active Listings in Melrose Park

1104 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1104 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09481932)
3 beds 2 baths 1,574 sqft $183,900
10957 Wellington Street MELROSE PARK, IL 60164
Photo of 10957 Wellington Street, MELROSE PARK, IL 60164 (MLS # 09481643)
3 beds 1 bath 1,344 sqft $219,900
3116 N Derrough Avenue MELROSE PARK, IL 60164
Photo of 3116 N Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09478805)
3 beds 2 baths $159,000
1618 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1618 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09477351)
3 beds 1 bath 1,100 sqft $129,500
2334 Ruby Street MELROSE PARK, IL 60164
Photo of 2334 Ruby Street, MELROSE PARK, IL 60164 (MLS # 09477338)
3 beds 2 baths 1,402 sqft $108,200
1543 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1543 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09472130)
2 beds 1 bath $154,900
1801 Haddon MELROSE PARK, IL 60160
Photo of 1801 Haddon, MELROSE PARK, IL 60160 (MLS # 09469146)
4 beds 3 baths $289,900
815 N 21st Avenue MELROSE PARK, IL 60160
Photo of 815 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09409853)
3 beds 1 bath 976 sqft $69,900
1751 Riverwoods Drive, Unit Number 14 MELROSE PARK, IL 60160
Photo of 1751 Riverwoods Drive, Unit Number 14, MELROSE PARK, IL 60160 (MLS # 09408797)
3 beds 4 baths 3,120 sqft $320,000
1650 N Riverwoods Drive, Unit Number 407 Melrose Park, IL 60160
Photo of 1650 N Riverwoods Drive, Unit Number 407, Melrose Park, IL 60160 (MLS # 09406617)
1 bed 1 bath 1,100 sqft $149,500
3152 Charles Street MELROSE PARK, IL 60164
Photo of 3152 Charles Street, MELROSE PARK, IL 60164 (MLS # 09406061)
3 beds 2 baths 1,200 sqft $218,900
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
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 $39,950
MLS # 09377771 MELROSE PARK, IL 60164
Photo of MELROSE PARK, IL 60164 (MLS # 09377771)
3 beds 2 baths 1,387 sqft $140,000
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 $169,900
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
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
1650 Riverwoods Drive, Unit Number 503 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 503, MELROSE PARK, IL 60160 (MLS # 09361691)
1 bed 1 bath 981 sqft $119,900

Sold Listings in Melrose Park

1624 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1624 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09409657)
3 beds 1 bath 1,026 sqft $127,500
10315 W Medill Avenue MELROSE PARK, IL 60164
Photo of 10315 W Medill Avenue, MELROSE PARK, IL 60164 (MLS # 09385738)
3 beds 2 baths $96,750
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
1631 N 32nd Avenue MELROSE PARK, IL 60160
Photo of 1631 N 32nd Avenue, MELROSE PARK, IL 60160 (MLS # 09369829)
2 beds 1 bath 1,055 sqft $169,900
1522 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1522 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09369563)
3 beds 2 baths 1,022 sqft $180,000
3100 La Porte Avenue MELROSE PARK, IL 60164
Photo of 3100 La Porte Avenue, MELROSE PARK, IL 60164 (MLS # 09365925)
3 beds 1 bath 1,282 sqft $70,000
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
1611 N 33rd Avenue MELROSE PARK, IL 60160
Photo of 1611 N 33rd Avenue, MELROSE PARK, IL 60160 (MLS # 09361787)
4 beds 2 baths 1,272 sqft $212,000
9621 Castello Avenue MELROSE PARK, IL 60164
Photo of 9621 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09361895)
3 beds 1 bath $169,000
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
1315 N 21st Avenue MELROSE PARK, IL 60160
Photo of 1315 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09357936)
3 beds 1 bath 1,198 sqft $174,900
1312 N 14th Avenue MELROSE PARK, IL 60160
Photo of 1312 N 14th Avenue, MELROSE PARK, IL 60160 (MLS # 09356665)
3 beds 2 baths 1,421 sqft $200,000
1978 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1978 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09356033)
4 beds 2 baths 872 sqft $100,000
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
1710 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1710 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09350650)
3 beds 2 baths $150,000
9926 Armitage Avenue MELROSE PARK, IL 60164
Photo of 9926 Armitage Avenue, MELROSE PARK, IL 60164 (MLS # 09348595)
3 beds 1 bath 1,200 sqft $151,000
1637 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1637 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09348492)
4 beds 2 baths 1,036 sqft $229,900

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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