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Burbank 60459 Burbank
5900 W 79th Street
$250,000
● Land - Off Market

5900 W 79th Street

Burbank, IL 60459
bedrooms
Studio
bathrooms
0 Bath
$336,022
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Great space for your development project to become a reality. Multifamily, strip center or bring your own ideas. Corner lot. Nearly 30,000 vehicles per day pass by.  19725 square feet.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$2,225
HOA Dues
-
Year Built
1962

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 #11351947)

Price History

Date / Event Date Event Price
Aug 24, 2022 Sold
Premium
Sold
Mar 19, 2022 Listed by Houbolt Real Estate $325,000
Listed by Houbolt Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 3,125
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: BARTLETTS THIRD ADD TO GREATER 79TH
  • Land Acres: 0000000720
  • Standard Land Use Code: 2043
  • County Land Use Code: 5-17
  • Legal Description 1: FREDK H (BARTLETTS) (THIRD) ADD TO GREATER (79TH) ST SUB IN EH SW SE SEC 28-38-13

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 820902

Geography

  • District: 36
  • Parcel: 19-29-410-033-0000
  • Block: 23
  • Lot: 15-19
  • Meridian: SEC 28 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.749
  • Longitude: -87.7687

    Address

  • Full Address: 5900 W 79th St
  • Address - House Number: 5900
  • Street Direction: W
  • Address - Street Name: 79th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Burbank
  • Carrier Code: C067
  • 4-Digit Zip Code: 1241
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $426,631
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 36004

    Market Valuation

  • Market Total Value: $104,172
  • Market Land Value: $50,000
  • Market Improvement Value: $54,172

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,043
  • Assessed Land Value: $12,500
  • Assessed Improvements Value: $13,543

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 26, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 33361
  • Previous Sale Recording Date: Sep 22, 2014
  • Previous Sale Contract Date: Aug 06, 2014
  • Previous Sale Document Type: 64
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:

$349,000

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1742 ft²

Average Home Age

57.4 years

Currently For Sale

58 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: Ken Houbolt, Houbolt Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11351947
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 5900 West 79th Street built and last sold?
The property at 5900 West 79th Street was built in 1962 and last sold on Aug 16, 2022 for $250,000.
How much is this home worth?
The estimated value of the home located at 5900 West 79th Street is $328,250.
What are some comparable homes to 5900 West 79th Street?
There are currently no comparable homes to 5900 West 79th Street.
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