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 $168,100 $186,100
Median Single Family Home Value $178,800 $184,700
Median Condo Value $126,100 $198,000
Median 3-Bedroom Home Value $197,100 $180,300
Percent Homes Decreasing 44.1% 23.3%
Percent Listing Price Reduction 0 0
Median List Price Per Sq Ft $128 $119
Median List Price 0 0
Median Sale Price $139,000 $229,700
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,416 $2,181
Turnover (Sold Within Last Yr.) 3.5% 4.3%
Median Value Per Sq Ft 0 0
1-Yr. Change -2.9% 5.4%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

1529 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1529 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09269254)
2 beds 2 baths 1,200 sqft $155,000
2301 Ruby Street MELROSE PARK, IL 60164
Photo of 2301 Ruby Street, MELROSE PARK, IL 60164 (MLS # 09268406)
3 beds 2 baths 1,290 sqft $229,777
1700 Riverwoods Drive ,Unit Number 516 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 516, MELROSE PARK, IL 60160 (MLS # 09267194)
1 bed 1 bath 1,000 sqft $117,900
3001 Pearl Avenue MELROSE PARK, IL 60164
Photo of 3001 Pearl Avenue, MELROSE PARK, IL 60164 (MLS # 09266466)
4 beds 1 bath 1,499 sqft $179,500
MLS # 09265927 MELROSE PARK, IL 60160
Photo of MELROSE PARK, IL 60160 (MLS # 09265927)
3 beds 2 baths 748 sqft $149,900
321 Division Street MELROSE PARK, IL 60160
Photo of 321 Division Street, MELROSE PARK, IL 60160 (MLS # 09265484)
4 beds 3 baths 2,500 sqft $270,000
1525 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1525 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09264371)
2 beds 2 baths $165,000
2211 Scott Street MELROSE PARK, IL 60164
Photo of 2211 Scott Street, MELROSE PARK, IL 60164 (MLS # 09264310)
3 beds 2 baths $205,000
2016 Louis Street MELROSE PARK, IL 60164
Photo of 2016 Louis Street, MELROSE PARK, IL 60164 (MLS # 09263154)
5 beds 2 baths 1,740 sqft $135,500
1341 N 5th Avenue MELROSE PARK, IL 60160
Photo of 1341 N 5th Avenue, MELROSE PARK, IL 60160 (MLS # 09262747)
3 beds 2 baths 1,827 sqft $250,000
9614 Castello Avenue MELROSE PARK, IL 60164
Photo of 9614 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09261892)
4 beds 3 baths 2,650 sqft $349,900
1628 N 35th Avenue MELROSE PARK, IL 60160
Photo of 1628 N 35th Avenue, MELROSE PARK, IL 60160 (MLS # 09259158)
4 beds 2 baths 1,507 sqft $210,000
3020 Haber Avenue MELROSE PARK, IL 60164
Photo of 3020 Haber Avenue, MELROSE PARK, IL 60164 (MLS # 09259144)
4 beds 2 baths 1,434 sqft $204,900
1700 Riverwoods Drive ,Unit Number 305 MELROSE PARK, IL 60160
Photo of 1700 Riverwoods Drive ,Unit Number 305, MELROSE PARK, IL 60160 (MLS # 09258359)
2 beds 2 baths 1,590 sqft $198,000
1319 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1319 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09255470)
3 beds 2 baths 1,092 sqft $219,900
1406 Broadway Street MELROSE PARK, IL 60160
Photo of 1406 Broadway Street, MELROSE PARK, IL 60160 (MLS # 09252113)
4 beds 2 baths 1,600 sqft $217,500
2751 N Bellwood Avenue MELROSE PARK, IL 60164
Photo of 2751 N Bellwood Avenue, MELROSE PARK, IL 60164 (MLS # 09251805)
3 beds 2 baths $227,900
1218 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1218 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09249421)
3 beds 1 bath 672 sqft $159,900
904 Winston Drive MELROSE PARK, IL 60160
Photo of 904 Winston Drive, MELROSE PARK, IL 60160 (MLS # 09247735)
3 beds 2 baths 1,918 sqft $199,900
904 Joyce Avenue MELROSE PARK, IL 60164
Photo of 904 Joyce Avenue, MELROSE PARK, IL 60164 (MLS # 09246179)
3 beds 2 baths 1,773 sqft

Sold Listings in Melrose Park

919 W Hirsch Street MELROSE PARK, IL 60160
Photo of 919 W Hirsch Street, MELROSE PARK, IL 60160 (MLS # 09236378)
3 beds 3 baths 1,918 sqft $230,000
1536 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1536 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09219402)
3 beds 2 baths 984 sqft $115,000
1528 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1528 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09203686)
3 beds 2 baths 950 sqft $145,000
1741 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1741 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09202509)
2 beds 2 baths 1,013 sqft $176,000
1514 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1514 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09199204)
2 beds 2 baths 1,000 sqft $176,000
10122 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10122 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09190153)
5 beds 2 baths 1,199 sqft $205,000
10416 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10416 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09189889)
2 beds 1 bath 1,500 sqft $176,000
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
3018 N Derrough Avenue MELROSE PARK, IL 60164
Photo of 3018 N Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09181232)
4 beds 1 bath 1,344 sqft $145,000
1109 N 12th Avenue MELROSE PARK, IL 60160
Photo of 1109 N 12th Avenue, MELROSE PARK, IL 60160 (MLS # 09176950)
5 beds 3 baths $170,000
2114 N Hawthorne Avenue MELROSE PARK, IL 60164
Photo of 2114 N Hawthorne Avenue, MELROSE PARK, IL 60164 (MLS # 09173823)
2 beds 1 bath 792 sqft $94,150
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
MLS # 09164475 MELROSE PARK, IL 60164
Photo of MELROSE PARK, IL 60164 (MLS # 09164475)
6 beds 2 baths 1,925 sqft $235,000
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
2933 N Derrough Avenue MELROSE PARK, IL 60164
Photo of 2933 N Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09157013)
3 beds 2 baths 1,383 sqft $167,000
2145 Emerson Avenue MELROSE PARK, IL 60164
Photo of 2145 Emerson Avenue, MELROSE PARK, IL 60164 (MLS # 09156186)
3 beds 1 bath 1,250 sqft $115,000
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

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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