Real Estate Investment Properties for Sale in Melrose Park, IL

Looking for investment property in Melrose Park, IL with high ROI ?

Explore a variety of short-term homes & houses in Melrose Park, IL. Invest wisely with VRBO & Melrose Park, IL Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Melrose Park, IL

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1650 Riverwoods Drive #205 Melrose Park, IL HIGHLY DESIRABLE AND SPACIOUS 2 BED, 2 BATH CORNER UNIT IN AN INCREDIBLY CLEAN, WELL RUN C...	2 beds \| 2 baths \| N/A	$279,000	Airbnb cash on cash: -2.54% Traditional cash on cash: 2.34% Airbnb Rental Income: $1710 Traditional Rental Income: $2520 Airbnb ROI: -2.54% Traditional ROI: 2.34%
1502 N 34th Avenue Melrose Park, IL This beautifully renovated 3-bedroom, 2-bath home offers open floorplan ideal for a growin...	3 beds \| 2 baths \| 2,200 sq.ft.	$345,900	Airbnb cash on cash: 1.26% Traditional cash on cash: 6.15% Airbnb Rental Income: $1673 Traditional Rental Income: $2794 Airbnb ROI: 1.26% Traditional ROI: 6.15%
2003 Emerson Avenue Melrose Park, IL 4 bedroom 2 bath 2 story home located on oversized corner lot with an extraordinary amount...	4 beds \| 2 baths \| 1,940 sq.ft.	$225,000	Airbnb cash on cash: 2.25% Traditional cash on cash: 9.16% Airbnb Rental Income: $1782 Traditional Rental Income: $2766 Airbnb ROI: 2.25% Traditional ROI: 9.16%
101 N 23 Avenue Melrose Park, IL *PLEASE CLICK ON THE VIRTUAL TOUR LINKS...THERE IS ONE LINK PER UNIT* This charming 3 ...	5 beds \| 3 baths \| N/A	$475,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.62% Airbnb Rental Income: $1491 Traditional Rental Income: $2448 Airbnb ROI: -0.52% Traditional ROI: 2.62%
1303 Rice Street Melrose Park, IL Welcome to this stunning custom 2164 sq.ft. gem ranch on impressive large corner lot. Mass...	4 beds \| 3 baths \| 2,164 sq.ft.	$514,999	Airbnb cash on cash: 0.06% Traditional cash on cash: 4.19% Airbnb Rental Income: $1782 Traditional Rental Income: $3283 Airbnb ROI: 0.06% Traditional ROI: 4.19%
918 Park Drive Melrose Park, IL This home has been lovingly cared for and updated! Spacious Beverly model (tri level) wit...	3 beds \| 3 baths \| 2,300 sq.ft.	$440,000	Airbnb cash on cash: 0.12% Traditional cash on cash: 4.9% Airbnb Rental Income: $1673 Traditional Rental Income: $3177 Airbnb ROI: 0.12% Traditional ROI: 4.9%
1531 N 24th Avenue Melrose Park, IL Charming Cape Cod home located in the heart of Melrose Park! This delightful 2-story resid...	3 beds \| 2 baths \| N/A	$349,000	Airbnb cash on cash: 0.72% Traditional cash on cash: 4.77% Airbnb Rental Income: $1673 Traditional Rental Income: $2532 Airbnb ROI: 0.72% Traditional ROI: 4.77%
3201 Armitage Avenue Melrose Park, IL Very Rare 2 Flat in Leyden Township, both units have 3 bedrooms and 1 bath, 2 car garage, ...	6 beds \| 2 baths \| N/A	$429,900	Airbnb cash on cash: -0.27% Traditional cash on cash: 2.6% Airbnb Rental Income: $1491 Traditional Rental Income: $2207 Airbnb ROI: -0.27% Traditional ROI: 2.6%
2743 Bellwood Avenue Melrose Park, IL BRING YOUR DREAMS AND YOUR CASH !! Beautiful lot in the heart of Melrose Park . This home...	3 beds \| 2 baths \| 1,161 sq.ft.	$250,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 7.41% Airbnb Rental Income: $1673 Traditional Rental Income: $2450 Airbnb ROI: 2.14% Traditional ROI: 7.41%
10833 Wellington Street Melrose Park, IL Welcome to 10833 Wellington St. in desirable Leyden Township! This beautifully updated 3-b...	3 beds \| 1 baths \| 1,334 sq.ft.	$355,000	Airbnb cash on cash: 1.24% Traditional cash on cash: 3.76% Airbnb Rental Income: $1673 Traditional Rental Income: $2045 Airbnb ROI: 1.24% Traditional ROI: 3.76%
2029 19th Avenue Melrose Park, IL Highest & Best offers due by Friday, 9-26-25 \| 6pm Solid brick 2-flat in the heart of Melr...	6 beds \| N/A baths \| N/A	$539,990	Airbnb cash on cash: -1.61% Traditional cash on cash: 1.99% Airbnb Rental Income: $1491 Traditional Rental Income: $2871 Airbnb ROI: -1.61% Traditional ROI: 1.99%
1306 N 36th Avenue Melrose Park, IL This is the one you have been waiting for! Legal ALL BRICK 3 unit with a two car garage an...	8 beds \| N/A baths \| N/A	$625,000	Airbnb cash on cash: -1.34% Traditional cash on cash: 1.15% Airbnb Rental Income: $1491 Traditional Rental Income: $2505 Airbnb ROI: -1.34% Traditional ROI: 1.15%
1724 N 19th Avenue Melrose Park, IL Looking to purchase a solid brick 3 flat with excellent income potential, look no further....	8 beds \| N/A baths \| N/A	$650,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.3% Airbnb Rental Income: $1491 Traditional Rental Income: $2525 Airbnb ROI: -1.12% Traditional ROI: 1.3%
1323 N 33rd Avenue Melrose Park, IL Brick/Frame 2-story home split into 2 separate units, side driveway and ample space for pa...	3 beds \| 3 baths \| 1,850 sq.ft.	$249,950	Airbnb cash on cash: 0.43% Traditional cash on cash: 7.16% Airbnb Rental Income: $1673 Traditional Rental Income: $2794 Airbnb ROI: 0.43% Traditional ROI: 7.16%
1815 N 22nd Avenue Melrose Park, IL Lovely brick two flat with four bedrooms and two baths. Includes A two-car brick garage a...	4 beds \| 2 baths \| N/A	$425,000	Airbnb cash on cash: 0.29% Traditional cash on cash: 3.52% Airbnb Rental Income: $1782 Traditional Rental Income: $2585 Airbnb ROI: 0.29% Traditional ROI: 3.52%

Real Estate investment in Melrose-park, IL

There are 23 properties for sale in the city of Melrose Park . The median list price in Melrose Park is $424,900 and the average price per square foot is $262. In October 2025, the average monthly cash on cash return in Melrose Park is 4.00%. The average monthly rental income in Melrose Park is $2,531.

Melrose-park, IL Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 23 investment properties available for sale in Melrose-park.

In 2025, the best neighborhood to buy investment property is Melrose Park.

The ROI for Short-Term is higher than the Long-Term in Melrose-park with average rental income of $1,673.

Your search for investment property begins and ends here

Investment Property for Sale in Melrose Park, IL

1650 Riverwoods Drive #205

Melrose Park, IL

2 beds | 2 baths | N/A

$279,000

Airbnb cash on cash: -2.54%

Traditional cash on cash: 2.34%

Airbnb Rental Income: $1710

Traditional Rental Income: $2520

Airbnb ROI: -2.54%

Traditional ROI: 2.34%

1502 N 34th Avenue

Melrose Park, IL

3 beds | 2 baths | 2,200 sq.ft.

$345,900

Airbnb cash on cash: 1.26%

Traditional cash on cash: 6.15%

Airbnb Rental Income: $1673

Traditional Rental Income: $2794

Airbnb ROI: 1.26%

Traditional ROI: 6.15%

2003 Emerson Avenue

Melrose Park, IL

4 beds | 2 baths | 1,940 sq.ft.

$225,000

Airbnb cash on cash: 2.25%

Traditional cash on cash: 9.16%

Airbnb Rental Income: $1782

Traditional Rental Income: $2766

Airbnb ROI: 2.25%

Traditional ROI: 9.16%

101 N 23 Avenue

Melrose Park, IL

5 beds | 3 baths | N/A

$475,000

Airbnb cash on cash: -0.52%

Traditional cash on cash: 2.62%

Airbnb Rental Income: $1491

Traditional Rental Income: $2448

Airbnb ROI: -0.52%

Traditional ROI: 2.62%

1303 Rice Street

Melrose Park, IL

4 beds | 3 baths | 2,164 sq.ft.

$514,999

Airbnb cash on cash: 0.06%

Traditional cash on cash: 4.19%

Airbnb Rental Income: $1782

Traditional Rental Income: $3283

Airbnb ROI: 0.06%

Traditional ROI: 4.19%

918 Park Drive

Melrose Park, IL

3 beds | 3 baths | 2,300 sq.ft.

$440,000

Airbnb cash on cash: 0.12%

Traditional cash on cash: 4.9%

Airbnb Rental Income: $1673

Traditional Rental Income: $3177

Airbnb ROI: 0.12%

Traditional ROI: 4.9%

1531 N 24th Avenue

Melrose Park, IL

3 beds | 2 baths | N/A

$349,000

Airbnb cash on cash: 0.72%

Traditional cash on cash: 4.77%

Airbnb Rental Income: $1673

Traditional Rental Income: $2532

Airbnb ROI: 0.72%

Traditional ROI: 4.77%

3201 Armitage Avenue

Melrose Park, IL

6 beds | 2 baths | N/A

$429,900

Airbnb cash on cash: -0.27%

Traditional cash on cash: 2.6%

Airbnb Rental Income: $1491

Traditional Rental Income: $2207

Airbnb ROI: -0.27%