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 Single Family Home Value $165,900 $175,300
Median Condo Value $108,500 $178,400
Median 3-Bedroom Home Value $175,600 $169,300
Percent Homes Decreasing 0 0
Percent Listing Price Reduction 40.6% 36.7%
Median List Price Per Sq Ft $115 $112
Median List Price $159,900 $215,000
Median Sale Price $298,000 $215,500
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,568 $2,081
Turnover (Sold Within Last Yr.) 4.3% 4%
Median Value Per Sq Ft $113 $120
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Melrose Park Real Estate Listings

Active Listings in Melrose Park

10504 Diversey Avenue MELROSE PARK, IL 60164
Photo of 10504 Diversey Avenue, MELROSE PARK, IL 60164 (MLS # 08735508)
3 beds 1 bath 1,102 sqft $150,000
2327 Emerson Avenue MELROSE PARK, IL 60164
Photo of 2327 Emerson Avenue, MELROSE PARK, IL 60164 (MLS # 08734589)
3 beds 2 baths 1,592 sqft $129,900
1547 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1547 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 08734234)
3 beds 1 bath 1,383 sqft $179,900
10440 W Dickens Avenue MELROSE PARK, IL 60164
Photo of 10440 W Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 08734097)
3 beds 2 baths $189,900
1601 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1601 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 08732065)
4 beds 4 baths 2,800 sqft $399,000
MLS # 08732009 MELROSE PARK, IL 60164
Photo of MLS # 08732009 in MELROSE PARK, IL 60164
2 beds 1 bath 699 sqft $178,500
901 Norwood Avenue MELROSE PARK, IL 60160
Photo of 901 Norwood Avenue, MELROSE PARK, IL 60160 (MLS # 08731646)
3 beds 3 baths $239,900
2959 Sandra Avenue MELROSE PARK, IL 60164
Photo of 2959 Sandra Avenue, MELROSE PARK, IL 60164 (MLS # 08730288)
4 beds 2 baths $155,000
3102 Division Street MELROSE PARK, IL 60160
Photo of 3102 Division Street, MELROSE PARK, IL 60160 (MLS # 08729037)
3 beds 1 bath 1,100 sqft $89,700
800 Joyce Avenue MELROSE PARK, IL 60164
Photo of 800 Joyce Avenue, MELROSE PARK, IL 60164 (MLS # 08729939)
4 beds 2 baths 1,800 sqft $214,900
1832 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1832 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 08728866)
3 beds 2 baths $199,900
2129 Kirschoff Street MELROSE PARK, IL 60164
Photo of 2129 Kirschoff Street, MELROSE PARK, IL 60164 (MLS # 08727728)
3 beds 2 baths 1,008 sqft $120,900
807 N 17th Avenue MELROSE PARK, IL 60160
Photo of 807 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 08726188)
3 beds 3 baths 1,860 sqft $249,900
2145 N Hawthorne Avenue Melrose Park, IL 60164
Photo of 2145 N Hawthorne Avenue, Melrose Park, IL 60164 (MLS # 08723334)
5 beds 2 baths 1,150 sqft $145,000
1603 N 17th Avenue MELROSE PARK, IL 60160
Photo of 1603 N 17th Avenue, MELROSE PARK, IL 60160 (MLS # 08718726)
3 beds 1 bath $134,900
10231 Dickens Avenue MELROSE PARK, IL 60164
Photo of 10231 Dickens Avenue, MELROSE PARK, IL 60164 (MLS # 08719075)
3 beds 2 baths 1,230 sqft $155,000
240 Silver Lane MELROSE PARK, IL 60160
Photo of 240 Silver Lane, MELROSE PARK, IL 60160 (MLS # 08710227)
3 beds 3 baths 1,918 sqft $149,900
1614 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1614 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 08708973)
2 beds 1 bath 939 sqft $109,000
225 E Grand Avenue Melrose Park, IL 60164
Photo of 225 E Grand Avenue, Melrose Park, IL 60164 (MLS # 08707824)
4 beds 2 baths 1,864 sqft $184,900
2224 Ruby Street MELROSE PARK, IL 60164
Photo of 2224 Ruby Street, MELROSE PARK, IL 60164 (MLS # 08707716)
4 beds 1 bath 816 sqft $84,900

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

  • Illinois Mortgage Rates

    CurrentLast Week