Condos InMelrose Park, IL

Melrose Park, IL Condo Market Report (In last 12 months)

Avg. List Price

$234,260 ($197/Sqft.)

Year-Over-Year List Price

17.50%

Total Listings

Avg. Days on Market

Avg. Sale Price

$195,584 ($184/Sqft.)

Year-Over-Year Sale Price

1.24%

Total Sold

Avg. HOA Fees/Sqft.

$4/monthly

Melrose park, IL Condo Market Overview

Melrose Park is a hidden gem in the heart of the Chicago metropolitan area, offering a diverse condo market that caters to various lifestyles and budgets. From modern high-rises boasting stunning skyline views to charming low-rise buildings nestled within vibrant neighborhoods, opportunities abound for those seeking their ideal home. The bustling community is known for its rich cultural heritage, with eclectic dining options and boutique shopping lining the streets, particularly around the lively Grand Avenue. Families and professionals alike can enjoy the easy access to parks and recreational areas, perfect for unwinding after a busy day. Whether you prefer the close-knit feel of a residential setting or the excitement of city living, Melrose Park combines convenience with character. With excellent transport links to downtown Chicago, this welcoming town balances suburban charm and urban amenities, making it an attractive destination for new residents looking for a place to thrive. Experience the warmth and community spirit that this vibrant town has to offer!

Condos For Sale In Melrose Park, IL

Popular Condos Neighborhoods in Melrose Park, IL

Explore Melrose Park, IL Neighborhoods

Melrose Park is a charming suburban enclave celebrated for its strong sense of community and rich Italian heritage. With a vibrant mix of local eateries, parks, and cultural events, the area offers residents a delightful blend of small-town warmth and convenient access to the bustling city of Chicago.

Frequently Asked Questions About Melrose Park, IL

What is it like to live in Melrose Park?

Living in Melrose Park offers a suburban environment with a variety of housing options, including single-family homes and multi-family units. The area is well-served by public transportation, including access to Metra trains and bus services, providing connectivity to Chicago and surrounding suburbs.

What is it like to live in Melrose Park?

Is Melrose Park expensive?

The cost of living in Melrose Park is generally lower than the Chicago metropolitan area average, with median home prices around $250,000. Housing options include single-family homes and multi-unit buildings, providing variety at relatively affordable rates compared to neighboring communities.

Is Melrose Park expensive?

How much is a condo in Melrose Park?

Condos in Melrose Park typically range from $150,000 to $300,000, depending on factors such as location, size, and amenities. The real estate market here is relatively affordable compared to nearby areas, attracting a diverse range of buyers.

How much is a condo in Melrose Park?

What are the safest neighborhoods in Melrose Park?

Melrose Park features several neighborhoods known for their low crime rates, including the areas around Elmwood Park and the vicinity of the Melrose Park Public Library. These neighborhoods benefit from community engagement and local resources, contributing to a safer living environment.