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Updated over 7 years ago on . Most recent reply

User Stats

21
Posts
2
Votes
Sergii Khromchenko
  • Los Angeles, CA
2
Votes |
21
Posts

Melrose Park: Would you invest? Or you already do?

Sergii Khromchenko
  • Los Angeles, CA
Posted

Good evening dear members!

I am fairly new to REI and looking into Melrose Park as a potential investment area for a multi family. It sounds to be much safer compares to Maywood and Bellwood neighborhoods where they still have few Latino gangs (from conversation with Police officer). It also seems to be C class area from what i can see from here.

Please correct me if i wrong and i would appreciate any info regarding this area as your home or an investment area.

Most Popular Reply

User Stats

88
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30
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Mateo Carrera
  • Melrose Park, IL
30
Votes |
88
Posts
Mateo Carrera
  • Melrose Park, IL
Replied

I live in Melrose Park.  It’s a good area to invest. But I have seen the prices soar. I have not found anything at a good price.  Lost of “ok “ deals. But if u can find the asset at a price that makes sense I say go for it. 

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