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Burbank 60459 Burbank
5607 W 81ST Place
$45,000
● Land - Off Market

5607 W 81ST Place

Burbank, IL 60459
bedrooms
Studio
bathrooms
0 Bath
$100,757
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

ATTENTION BUILDERS OR INVESTORS! SPRING IS RIGHT AROUND THE CORNER!LARGE VACANT LOT! PERFECT LOT TO BUILD YOUR DREAM HOME!GREAT NEW CONSTRUCTION POTENTIAL! GOOD LOCATION! SOME NEWER CONSTRUCTION SINGLE FAMILY HOMES IN AREA!DRIVE BY AND FAX OFFERS OVER! SELLER MOTIVATED!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$63
HOA Dues
-
Year Built
2016

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 #08251515)

Price History

Date / Event Date Event Price
Apr 19, 2013 Sold
Premium
Sold
Jan 16, 2013 Listed by Century 21 House of Sales $49,900
Listed by Century 21 House of Sales

Property Highlights

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,550
  • Total Building Area: 1,863
  • Gross Building Area: 1,863
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASSESSORS
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821101

Geography

  • District: 36
  • Parcel: 19-32-224-035-0000
  • Lot: 7
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7439
  • Longitude: -87.7611

    Address

  • Full Address: 5607 W 81st Pl
  • Address - House Number: 5607
  • Street Direction: W
  • Address - Street Name: 81st
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Burbank
  • Carrier Code: C019
  • 4-Digit Zip Code: 2055
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $920,227
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 394,606
  • High Value: 484,710
  • Low Value: 304,501

    Market Valuation

  • Market Total Value: $420,000
  • Market Land Value: $40,940
  • Market Improvement Value: $379,060

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,000
  • Assessed Land Value: $4,094
  • Assessed Improvements Value: $37,906

    Sales

  • Current Sale Contract Date: Dec 27, 2013
  • Current Sale Recording Date: Jan 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1401422080
  • Previous Sale Recording Date: May 09, 2013
  • Previous Sale Contract Date: Apr 19, 2013
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 71
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 Burbank

Stats & Trends

Median Asking:

$349,250

Sale Price/ft²

$224

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1975 ft²

Average Home Age

56.8 years

Currently For Sale

56 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

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MRED

Listed by: Pamela Walsh, Century 21 House of Sales
Last Updated: 3 years ago
Data Source: MRED, MLS# 08251515
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 5607 West 81st Place built and last sold?
The property at 5607 West 81st Place was built in 2016 and last sold on Dec 27, 2013 for $325,000.
How much is this home worth?
The estimated value of the home located at 5607 West 81st Place is $50,399.
What are some comparable homes to 5607 West 81st Place?
There are currently no comparable homes to 5607 West 81st Place.
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