$505,000
●
House -
Off Market
7090 W 79th Street
Burbank, IL 60459
Studio
0 Bath
$4,068
Est. Monthly
0.57%
Cap Rate
About This Property
Well Established & Fully Equipped Free-Standing 1700 SF Quick-Food
Restaurant with Drive-Thru and video gaming located on busy 79th
Street at Harlem Avenue offered for sale or lease. Sale includes RE
& Long Standing Existing Profitable Business operated by a
long-time operator-owner with great history, reputation and
clientele. Seats approximately 32 patrons. Video gaming with
5 gaming machines and incidental alcohol sale ( both
non-transferable per governmental regs). Outlot to
redeveloping Bridgeview Court Shopping Center steps from new
distribution center anchored by national on-line vendor and
increased workforce located behind outlot. Great visibility, Pylon
Signage, Easy Access. FF&E and business included in sale
(contact for list of equipment). Ideal for turn-key business
or future re-development site. Highly Confidential. Do not
disturb owner, operator, employees, customers, vendors or clients.
Financials to be disclosed upon execution of a
Confidentiality Agreement.
Unit Size
-
Days on Market
-
Land Size
0.30 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,489
HOA Dues
-
Year Built
1970
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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 #12021544)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Apr 4, 2024 | Listed by HomeSmart Realty Group | $525,000 | |
| Listed by HomeSmart Realty Group | |||
| Feb 16, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2023 | Listed by HomeSmart Realty Group | $525,000 | |
| Listed by HomeSmart Realty Group | |||
| | |||
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Well Established & Fully Equipped Free-Standing 1700 SF Quick-Food Restaurant with Drive-Thru and video gaming located on busy 79th Street at Harlem Avenue offered for sale or lease. Sale includes RE & Long Standing Existing Profitable Business operated by a long-time operator-owner with great history, reputation and clientele. Seats approximately 32 patrons. Video gaming with 5 gaming machines and incidental alcohol sale ( both non-transferable per governmental regs). Outlot to redeveloping Bridgeview Court Shopping Center steps from new distribution center anchored by national on-line vendor and increased workforce located behind outlot. Great visibility, Pylon Signage, Easy Access. FF&E and business included in sale (contact for list of equipment). Ideal for turn-key business or future re-development site. Highly Confidential. Do not disturb owner, operator, employees, customers, vendors or clients. Financials to be disclosed upon execution of a Confidentiality Agreement. The manager has listed the unit size as 1700 square feet.
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Burbank
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Listed by: Adam Zawada, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 12021544
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.
Last Updated: 3 years ago
Data Source: MRED, MLS# 12021544
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