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
1643 N 23 Avenue Melrose Park, IL Nothing to do but move in. 3 Bedroom 2 full baths all on 1 level. New kitchen with Stainle...	3 beds \| 2 baths \| N/A	$359,000	Airbnb cash on cash: 0.54% Traditional cash on cash: 5.62% Airbnb Rental Income: $1453 Traditional Rental Income: $2734 Airbnb ROI: 0.54% Traditional ROI: 5.62%
1216 N 20th Avenue Melrose Park, IL Stunning 2026 completed fully renovated two-unit brick duplex in prime Melrose Park locati...	6 beds \| 5 baths \| N/A	$549,000	Airbnb cash on cash: 0.56% Traditional cash on cash: 2.2% Airbnb Rental Income: $2308 Traditional Rental Income: $2574 Airbnb ROI: 0.56% Traditional ROI: 2.2%
1531 N 24th Ave Melrose Park, IL Charming Cape Cod home located in the heart of Melrose Park! This delightful 2-story resid...	3 beds \| 1 baths \| N/A	$290,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 5.12% Airbnb Rental Income: $1453 Traditional Rental Income: $2532 Airbnb ROI: 0.23% Traditional ROI: 5.12%
1306 N 36th Ave Melrose Park, IL Village inspection is complete and building has been brought up to code!!! This is the one...	8 beds \| 3 baths \| N/A	$625,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 1.15% Airbnb Rental Income: $2308 Traditional Rental Income: $2505 Airbnb ROI: -0.17% Traditional ROI: 1.15%
1724 N 19th Ave Melrose Park, IL Looking to purchase a solid brick 3 flat with excellent income potential, look no further....	8 beds \| 3 baths \| N/A	$599,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.5% Airbnb Rental Income: $2308 Traditional Rental Income: $2525 Airbnb ROI: 0.08% Traditional ROI: 1.5%
133 N 17th Ave Melrose Park, IL Privacy, space, and modern upgrades-all on a rare double lot. This 4-bedroom, 2-full-bath ...	4 beds \| 2 baths \| 1,424 sq.ft.	$374,900	Airbnb cash on cash: 0.61% Traditional cash on cash: 5.02% Airbnb Rental Income: $1545 Traditional Rental Income: $2671 Airbnb ROI: 0.61% Traditional ROI: 5.02%
1700 Riverwoods Dr #414 Melrose Park, IL Awesome corner unit at desirable Riverwoods!! 55+ building, percentage allowed under 55. C...	2 beds \| 2 baths \| 1,296 sq.ft.	$334,900	Airbnb cash on cash: -1.37% Traditional cash on cash: -0.21% Airbnb Rental Income: $1509 Traditional Rental Income: $1432 Airbnb ROI: -1.37% Traditional ROI: -0.21%
1911 N 19th Ave Melrose Park, IL (Photos are of Unit 1) Well-maintained vinyl-sided duplex with siding redone when purchase...	5 beds \| 2 baths \| N/A	$299,990	Airbnb cash on cash: 2.45% Traditional cash on cash: 7.45% Airbnb Rental Income: $2308 Traditional Rental Income: $3147 Airbnb ROI: 2.45% Traditional ROI: 7.45%

Real Estate investment in Melrose-park, IL

There are 39 properties for sale in the city of Melrose Park . The median list price in Melrose Park is $367,000 and the average price per square foot is $484. In February 2026, the average monthly cash on cash return in Melrose Park is 3.00%. The average monthly rental income in Melrose Park is $2,326.

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

There are 39 investment properties available for sale in Melrose-park.

In 2026, 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 $1,545.

Your search for investment property begins and ends here

Investment Property for Sale in Melrose Park, IL

1643 N 23 Avenue

Melrose Park, IL

3 beds | 2 baths | N/A

$359,000

Airbnb cash on cash: 0.54%

Traditional cash on cash: 5.62%

Airbnb Rental Income: $1453

Traditional Rental Income: $2734

Airbnb ROI: 0.54%

Traditional ROI: 5.62%

1216 N 20th Avenue

Melrose Park, IL

6 beds | 5 baths | N/A

$549,000

Airbnb cash on cash: 0.56%

Traditional cash on cash: 2.2%

Airbnb Rental Income: $2308

Traditional Rental Income: $2574

Airbnb ROI: 0.56%

Traditional ROI: 2.2%

1531 N 24th Ave

Melrose Park, IL

3 beds | 1 baths | N/A

$290,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 5.12%

Airbnb Rental Income: $1453

Traditional Rental Income: $2532

Airbnb ROI: 0.23%

Traditional ROI: 5.12%

1306 N 36th Ave

Melrose Park, IL

8 beds | 3 baths | N/A

$625,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 1.15%

Airbnb Rental Income: $2308

Traditional Rental Income: $2505

Airbnb ROI: -0.17%

Traditional ROI: 1.15%

1724 N 19th Ave

Melrose Park, IL

8 beds | 3 baths | N/A

$599,000

Airbnb cash on cash: 0.08%

Traditional cash on cash: 1.5%

Airbnb Rental Income: $2308

Traditional Rental Income: $2525

Airbnb ROI: 0.08%

Traditional ROI: 1.5%

133 N 17th Ave

Melrose Park, IL

4 beds | 2 baths | 1,424 sq.ft.

$374,900

Airbnb cash on cash: 0.61%

Traditional cash on cash: 5.02%

Airbnb Rental Income: $1545

Traditional Rental Income: $2671

Airbnb ROI: 0.61%

Traditional ROI: 5.02%

1700 Riverwoods Dr #414

Melrose Park, IL

2 beds | 2 baths | 1,296 sq.ft.

$334,900

Airbnb cash on cash: -1.37%

Traditional cash on cash: -0.21%

Airbnb Rental Income: $1509

Traditional Rental Income: $1432

Airbnb ROI: -1.37%

Traditional ROI: -0.21%

1911 N 19th Ave

Melrose Park, IL

5 beds | 2 baths | N/A

$299,990

Airbnb cash on cash: 2.45%

Traditional cash on cash: 7.45%

Airbnb Rental Income: $2308

Traditional Rental Income: $3147

Airbnb ROI: 2.45%