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Burnham 60633 Burnham
14540 S Torrence Avenue
$725,000
● House - Off Market

14540 S Torrence Avenue

Burnham, IL 60633
bedrooms
Studio
bathrooms
0 Bath
$4,782
Est. Monthly
0.81%
Cap Rate

About This Property

Well performing strong cashflow bar on high traffic corner. Great signage & visibility. 6 high earning gaming machines. Low overhead & efficiently run. Expansion plans for added capacity & revenue available. Business & Real Estate included. All fixtures, equipment & furniture included. Located on the busy corner of Torrence & State St, just 1 mile east of I-94.
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,221
HOA Dues
-
Year Built
1927

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #11710076)

Price History

Date / Event Date Event Price
Jan 4, 2024 Sold
Premium
Sold
Jan 31, 2023 Listed by Realty Executives Premier Illinois $725,000
Listed by Realty Executives Premier Illinois

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1927
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 28
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,412
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 2,900
  • Total Building Area: 1,160
  • Gross Building Area: 1,160
  • Building Area: 1,160
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000000262
  • Standard Land Use Code: 2043
  • County Land Use Code: 5-17

Neighborhood

  • School District Name: Dolton School District 149
  • Census Tract: 825700

Geography

  • District: 37
  • Parcel: 29-01-417-035-0000
  • Meridian: SEC 01 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.6303
  • Longitude: -87.5595

    Address

  • Full Address: 14540 S Torrence Ave
  • Address - House Number: 14540
  • Street Direction: S
  • Address - Street Name: Torrence
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C004
  • 4-Digit Zip Code: 2019
  • Zip Code: 60633

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,567,223
  • Tax Rate Code Area: 37023

    Market Valuation

  • Market Total Value: $94,840
  • Market Land Value: $34,236
  • Market Improvement Value: $60,604

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,710
  • Assessed Land Value: $8,559
  • Assessed Improvements Value: $15,151

    Sales

  • Current Sale Contract Date: Nov 06, 2023
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13053
  • Previous Sale Recording Date: Nov 14, 2023
  • Previous Sale Contract Date: Nov 06, 2023
  • Previous Sale Document Type: 55
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Burnham

Stats & Trends

Median Asking:

$209,900

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

47

Average Home Size

1090 ft²

Average Home Age

54.4 years

Currently For Sale

17 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 416 Price Avenue, Calumet City, IL, 60409

$1,800 /mo

  • 4 Beds
  • 1 Bath
  • 1,100 ft²
416 Price Avenue, Calumet City, IL, 60409 Listing by Hadi Fallah
Unit for rent at 340 Yates Avenue, Calumet City, IL, 60409

$1,850 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
340 Yates Avenue #3, Calumet City, IL, 60409 Listing by Akinpelu Williamson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: William Kornblum, Realty Executives Premier Illinois
Last Updated: 3 years ago
Data Source: MRED, MLS# 11710076
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 14540 South Torrence Avenue built and last sold?
The property at 14540 South Torrence Avenue was built in 1927 and last sold on Nov 6, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 14540 South Torrence Avenue is $732,250.
What are some comparable homes to 14540 South Torrence Avenue?
There are currently no comparable homes to 14540 South Torrence Avenue.
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