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


Owners vs Renters

Home Averages

$137,000 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $166,100 $187,000
Median Single Family Home Value $176,500 $185,400
Median Condo Value $124,500 $198,700
Median 3-Bedroom Home Value $195,900 $181,000
Percent Homes Decreasing 49.9% 23.2%
Percent Listing Price Reduction 0 0
Median List Price Per Sq Ft $126 $120
Median List Price 0 0
Median Sale Price $137,000 $236,500
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,416 $2,177
Turnover (Sold Within Last Yr.) 3.4% 4.2%
Median Value Per Sq Ft 0 0
1-Yr. Change -4% 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

1547 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1547 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09300379)
3 beds 2 baths 1,340 sqft $249,000
1650 Riverwoods Drive ,Unit Number 710 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive ,Unit Number 710, MELROSE PARK, IL 60160 (MLS # 09298840)
2 beds 2 baths 1,568 sqft $195,000
3137 Rhodes Avenue MELROSE PARK, IL 60164
Photo of 3137 Rhodes Avenue, MELROSE PARK, IL 60164 (MLS # 09298153)
3 beds 2 baths $209,000
2121 Louis Street MELROSE PARK, IL 60164
Photo of 2121 Louis Street, MELROSE PARK, IL 60164 (MLS # 09296837)
4 beds 1 bath $139,900
1407 N 34th Avenue MELROSE PARK, IL 60160
Photo of 1407 N 34th Avenue, MELROSE PARK, IL 60160 (MLS # 09296289)
3 beds 4 baths 1,201 sqft $210,500
9614 Castello Avenue MELROSE PARK, IL 60164
Photo of 9614 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09295740)
4 beds 3 baths 2,650 sqft $345,900
1701 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1701 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09295417)
4 beds 3 baths 1,500 sqft $325,000
1005 Broadway Avenue MELROSE PARK, IL 60160
Photo of 1005 Broadway Avenue, MELROSE PARK, IL 60160 (MLS # 09294487)
3 beds 2 baths 1,467 sqft $174,900
1618 N 16th Avenue MELROSE PARK, IL 60160
3 beds 1 bath 856 sqft $175,900
2940 Alta Street MELROSE PARK, IL 60164
Photo of 2940 Alta Street, MELROSE PARK, IL 60164 (MLS # 09292811)
3 beds 2 baths 1,102 sqft $279,000
815 N 21st Avenue MELROSE PARK, IL 60160
Photo of 815 N 21st Avenue, MELROSE PARK, IL 60160 (MLS # 09292644)
3 beds 1 bath 976 sqft $119,900
2046 Louis Street MELROSE PARK, IL 60164
Photo of 2046 Louis Street, MELROSE PARK, IL 60164 (MLS # 09291446)
5 beds 2 baths 1,892 sqft $169,900
2317 Scott Street MELROSE PARK, IL 60164
Photo of 2317 Scott Street, MELROSE PARK, IL 60164 (MLS # 09290391)
3 beds 2 baths 1,265 sqft $259,900
300 Division Street MELROSE PARK, IL 60160
Photo of 300 Division Street, MELROSE PARK, IL 60160 (MLS # 09289562)
3 beds 3 baths 1,918 sqft $199,900
1216 Elsie Drive MELROSE PARK, IL 60160
Photo of 1216 Elsie Drive, MELROSE PARK, IL 60160 (MLS # 09289471)
3 beds 4 baths 2,200 sqft $270,000
10136 Mc Lean Avenue MELROSE PARK, IL 60164
Photo of 10136 Mc Lean Avenue, MELROSE PARK, IL 60164 (MLS # 09288697)
3 beds 2 baths 1,250 sqft $192,000
840 N Roy Avenue MELROSE PARK, IL 60164
Photo of 840 N Roy Avenue, MELROSE PARK, IL 60164 (MLS # 09288524)
4 beds 2 baths 1,430 sqft $219,900
1401 Silver Creek Lane MELROSE PARK, IL 60160
Photo of 1401 Silver Creek Lane, MELROSE PARK, IL 60160 (MLS # 09286351)
3 beds 2 baths 1,218 sqft $83,000
2940 La Porte Avenue MELROSE PARK, IL 60164
Photo of 2940 La Porte Avenue, MELROSE PARK, IL 60164 (MLS # 09283619)
3 beds 3 baths 1,368 sqft $229,000
10502 Drummond Avenue MELROSE PARK, IL 60164
Photo of 10502 Drummond Avenue, MELROSE PARK, IL 60164 (MLS # 09283004)
3 beds 2 baths 1,000 sqft $185,000

Sold Listings in Melrose Park

241 Winters Drive MELROSE PARK, IL 60164
Photo of 241 Winters Drive, MELROSE PARK, IL 60164 (MLS # 09259898)
3 beds 3 baths 1,809 sqft $189,000
2914 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2914 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 09238140)
3 beds 1 bath 912 sqft $165,000
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
1307 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1307 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 09235618)
3 beds 2 baths 1,040 sqft $189,900
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 $126,000
1621 Channing Court MELROSE PARK, IL 60160
Photo of 1621 Channing Court, MELROSE PARK, IL 60160 (MLS # 09222176)
3 beds 2 baths 2,000 sqft $235,900
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 $97,500
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
301 Braddock Drive MELROSE PARK, IL 60160
Photo of 301 Braddock Drive, MELROSE PARK, IL 60160 (MLS # 09218838)
3 beds 2 baths 2,544 sqft $265,000
808 Alcoa Avenue MELROSE PARK, IL 60164
Photo of 808 Alcoa Avenue, MELROSE PARK, IL 60164 (MLS # 09212880)
3 beds 2 baths 1,764 sqft $229,000
1441 N 9th Avenue MELROSE PARK, IL 60160
Photo of 1441 N 9th Avenue, MELROSE PARK, IL 60160 (MLS # 09204538)
3 beds 3 baths 1,918 sqft $263,000
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
1803 River Woods Drive ,Unit Number 2 MELROSE PARK, IL 60160
Photo of 1803 River Woods Drive ,Unit Number 2, MELROSE PARK, IL 60160 (MLS # 09196664)
2 beds 2 baths 1,852 sqft $200,000
2204 25th Avenue MELROSE PARK, IL 60164
Photo of 2204 25th Avenue, MELROSE PARK, IL 60164 (MLS # 09192706)
3 beds 1 bath 1,277 sqft $115,000
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
10414 W Medill Avenue MELROSE PARK, IL 60164
Photo of 10414 W Medill Avenue, MELROSE PARK, IL 60164 (MLS # 09188756)
3 beds 2 baths $135,500
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

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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