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

$74 Average Price
1,640Avg Home Size
1953Avg Year Built

Local vs National Home Values

 LocalNational
Zillow Home Value Index $177,400 $195,700
Median Single Family Home Value $194,300 $194,200
Median Condo Value $144,500 $209,700
Median 3-Bedroom Home Value $241,500 $189,700
Percent Homes Decreasing 8% 16%
Percent Listing Price Reduction 74 0
Median List Price Per Sq Ft $137 $125
Median List Price $169,900 $239,500
Median Sale Price 74 2,438,884
Homes For Sale 74 2,438,884
Homes Recently Sold 74 2,438,884
Property Tax $3,416 $2,147
Turnover (Sold Within Last Yr.) 3% 3.2%
Median Value Per Sq Ft $119 $132
1-Yr. Change 6.6% 6.9%
Homes For Sale By Owner 2 90,392
New Construction 0 126,807
Foreclosures 2 14,159

Melrose Park Real Estate Listings

Active Listings in Melrose Park

1650 Riverwoods Drive, Unit Number 410 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 410, MELROSE PARK, IL 60160 (MLS # 09574568)
2 beds 2 baths 1,568 sqft $169,500
2045 N Hawthorne Avenue MELROSE PARK, IL 60164
Photo of 2045 N Hawthorne Avenue, MELROSE PARK, IL 60164 (MLS # 09574142)
3 beds 1 bath 1,282 sqft $123,600
1406 N 23rd Avenue MELROSE PARK, IL 60160
Photo of 1406 N 23rd Avenue, MELROSE PARK, IL 60160 (MLS # 09575582)
4 beds 2 baths 1,544 sqft $270,000
2240 Ruby Street MELROSE PARK, IL 60164
Photo of 2240 Ruby Street, MELROSE PARK, IL 60164 (MLS # 09567577)
3 beds 2 baths $289,000
9608 Mclean Avenue MELROSE PARK, IL 60164
Photo of 9608 Mclean Avenue, MELROSE PARK, IL 60164 (MLS # 09566126)
4 beds 2 baths 1,642 sqft $194,900
1701 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1701 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09565688)
5 beds 3 baths 2,484 sqft $335,000
10612 Montana Avenue MELROSE PARK, IL 60164
Photo of 10612 Montana Avenue, MELROSE PARK, IL 60164 (MLS # 09563783)
3 beds 2 baths 1,080 sqft $204,900
1218 N 11th Avenue MELROSE PARK, IL 60160
Photo of 1218 N 11th Avenue, MELROSE PARK, IL 60160 (MLS # 09563317)
3 beds 1 bath 718 sqft $134,900
1745 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1745 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09561693)
5 beds 3 baths 2,044 sqft $319,900
681 Winston Drive MELROSE PARK, IL 60160
Photo of 681 Winston Drive, MELROSE PARK, IL 60160 (MLS # 09561662)
3 beds 2 baths 1,835 sqft $239,900
1751 Riverwoods Drive Melrose Park, IL 60160
Photo of 1751 Riverwoods Drive, Melrose Park, IL 60160 (MLS # 09564601)
3 beds 4 baths 3,120 sqft $300,000
10716 Diversey Avenue MELROSE PARK, IL 60164
Photo of 10716 Diversey Avenue, MELROSE PARK, IL 60164 (MLS # 09523647)
4 beds 3 baths 2,980 sqft $399,900
1218 N 36th Avenue MELROSE PARK, IL 60160
Photo of 1218 N 36th Avenue, MELROSE PARK, IL 60160 (MLS # 09519963)
3 beds 1 bath 672 sqft $109,900
3042 N Derrough Avenue MELROSE PARK, IL 60164
Photo of 3042 N Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09518997)
4 beds 2 baths 2,250 sqft $299,999
2840 N Wolf Road MELROSE PARK, IL 60164
Photo of 2840 N Wolf Road, MELROSE PARK, IL 60164 (MLS # 09517926)
4 beds 1 bath 1,128 sqft $235,000
9736 Castello Avenue MELROSE PARK, IL 60164
Photo of 9736 Castello Avenue, MELROSE PARK, IL 60164 (MLS # 09514760)
5 beds 2 baths $149,999
105 N 11th Avenue, Unit Number 105 MELROSE PARK, IL 60160
Photo of 105 N 11th Avenue, Unit Number 105, MELROSE PARK, IL 60160 (MLS # 09513547)
3 beds 3 baths 2,072 sqft $214,700
3154 Martin Avenue MELROSE PARK, IL 60164
Photo of 3154 Martin Avenue, MELROSE PARK, IL 60164 (MLS # 09509418)
4 beds 2 baths 2,220 sqft $215,000
10722 Diversey Avenue MELROSE PARK, IL 60164
Photo of 10722 Diversey Avenue, MELROSE PARK, IL 60164 (MLS # 09494638)
3 beds 1 bath 1,291 sqft $179,900
10304 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10304 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09492540)
5 beds 3 baths $235,000

Sold Listings in Melrose Park

906 Norwood Avenue MELROSE PARK, IL 60160
Photo of 906 Norwood Avenue, MELROSE PARK, IL 60160 (MLS # 09562604)
3 beds 2 baths 1,827 sqft $233,000
3041 Laporte Avenue MELROSE PARK, IL 60164
Photo of 3041 Laporte Avenue, MELROSE PARK, IL 60164 (MLS # 09500158)
2 beds 1 bath $72,500
1640 Clinton Court MELROSE PARK, IL 60160
Photo of 1640 Clinton Court, MELROSE PARK, IL 60160 (MLS # 09490869)
3 beds 2 baths 1,827 sqft $132,000
1638 N 16th Avenue MELROSE PARK, IL 60160
Photo of 1638 N 16th Avenue, MELROSE PARK, IL 60160 (MLS # 09484151)
3 beds 1 bath 1,284 sqft $110,000
3116 N Derrough Avenue MELROSE PARK, IL 60164
Photo of 3116 N Derrough Avenue, MELROSE PARK, IL 60164 (MLS # 09478805)
3 beds 2 baths $150,000
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 $121,000
1609 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1609 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09474781)
2 beds 2 baths 1,196 sqft $200,000
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
1309 N 24th Avenue MELROSE PARK, IL 60160
Photo of 1309 N 24th Avenue, MELROSE PARK, IL 60160 (MLS # 09407255)
4 beds 2 baths 4,375 sqft $195,000
918 Broadway Street MELROSE PARK, IL 60160
Photo of 918 Broadway Street, MELROSE PARK, IL 60160 (MLS # 09404059)
3 beds 2 baths 1,631 sqft $130,000
10413 W Palmer Avenue MELROSE PARK, IL 60164
Photo of 10413 W Palmer Avenue, MELROSE PARK, IL 60164 (MLS # 09401386)
3 beds 2 baths 1,471 sqft $66,590
1744 N 20th Avenue MELROSE PARK, IL 60160
Photo of 1744 N 20th Avenue, MELROSE PARK, IL 60160 (MLS # 09400094)
2 beds 1 bath 907 sqft $184,900
9659 W Fullerton Avenue MELROSE PARK, IL 60164
Photo of 9659 W Fullerton Avenue, MELROSE PARK, IL 60164 (MLS # 09396750)
5 beds 2 baths 2,372 sqft $172,000
1650 Riverwoods Drive, Unit Number 506 MELROSE PARK, IL 60160
Photo of 1650 Riverwoods Drive, Unit Number 506, MELROSE PARK, IL 60160 (MLS # 09386700)
2 beds 2 baths 1,374 sqft $152,500
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
824 Rowlett Avenue MELROSE PARK, IL 60164
Photo of 824 Rowlett Avenue, MELROSE PARK, IL 60164 (MLS # 09383925)
3 beds 2 baths 2,075 sqft $208,000
1546 N 22nd Avenue MELROSE PARK, IL 60160
Photo of 1546 N 22nd Avenue, MELROSE PARK, IL 60160 (MLS # 09382890)
4 beds 2 baths 1,152 sqft $231,750
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
1341 N 5th Avenue MELROSE PARK, IL 60160
Photo of 1341 N 5th Avenue, MELROSE PARK, IL 60160 (MLS # 09378448)
3 beds 2 baths 1,827 sqft $225,000
1719 N 18th Avenue MELROSE PARK, IL 60160
Photo of 1719 N 18th Avenue, MELROSE PARK, IL 60160 (MLS # 09377538)
3 beds 1 bath 1,000 sqft $130,000

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

  • Call Me! 312-217-9737

    Picture of Jorge Vigil

    Jorge Vigil

    Realtor

    jorgevigil@remax.net

  • Preferred Lender

  • My Featured Listings

    4905 S Vincennes Avenue

    CHICAGO, IL

    • 5 Beds
    • 3 Baths
    • 2664 sq ft
    • $249,000

    3749 S Washtenaw Avenue

    CHICAGO, IL

    • 4 Beds
    • 2 Baths
    • 924 sq ft
    • $109,000

    2816 E 127th Street

    CHICAGO, IL

    • 3 Beds
    • 1 Baths
    • 1066 sq ft
    • $149,900

    3543 Sarah Street

    FRANKLIN PARK, IL

    • 4 Beds
    • 2 Baths
    • 1400 sq ft
    • $261,900