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Burbank 60459 Burbank
7708 Austin Avenue
$249,000
● House - Off Market

7708 Austin Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,040 Ft²
$249,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Raised ranch featuring 3 bedrooms + 2 full bathrooms + finished basement. 2 car detached garage. Newer HVAC system. New carpet and paint. Sold AS-IS. Broker interest.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
-
Price per sqft
$239
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11854439)

Price History

Date / Event Date Event Price
Nov 9, 2023 Sold
Premium
Sold
Aug 8, 2023 Listed by Charles Rutenberg Realty of IL $249,000
Listed by Charles Rutenberg Realty of IL

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,900
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARTLETTS FIRST ADD TO GREATER 79TH
  • Land Acres: 0000000067
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: FREDK H (BARTLETTS)(FIRST) ADD TO GREATER (79TH) ST S UB OF SE OF SE OF SEC 30 & PART OF SEC 29-38-13

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 820901

Geography

  • District: 36
  • Parcel: 19-29-307-025-0000
  • Block: 1
  • Lot: 5
  • Meridian: SEC 29 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7519
  • Longitude: -87.7711

    Address

  • Full Address: 7708 Austin Ave
  • Address - House Number: 7708
  • Address - Street Name: Austin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C067
  • 4-Digit Zip Code: 1212
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $557,475
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 251,632
  • High Value: 314,388
  • Low Value: 188,875

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $27,550
  • Market Improvement Value: $202,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $2,755
  • Assessed Improvements Value: $20,245

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Dec 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33443
  • Previous Sale Recording Date: Jun 14, 2023
  • Previous Sale Contract Date: May 18, 2023
  • Previous Sale Amount: $183,000
  • Previous Sale Document Type: 68
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:

$345,000

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1992 ft²

Average Home Age

53.7 years

Currently For Sale

55 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 7704 Mcvicker Avenue, Burbank, IL, 60459

$2,895 /mo

  • 3 Beds
  • 2 Baths
  • 1,364 ft²
7704 Mcvicker Avenue, Burbank, IL, 60459 Listing by Gino Picciola
Unit for rent at 9243 Lynwood Drive, Oak Lawn, IL, 60453

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,095 ft²
9243 Lynwood Drive, Oak Lawn, IL, 60453 Listing by Sebastian Regium

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Zwemke, Charles Rutenberg Realty of IL
Last Updated: 3 years ago
Data Source: MRED, MLS# 11854439
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 7708 Austin Avenue built and last sold?
The property at 7708 Austin Avenue was built in 1962 and last sold on Oct 31, 2023 for $249,000.
How much is this home worth?
The estimated value of the home located at 7708 Austin Avenue is $0.
What are some comparable homes to 7708 Austin Avenue?
There are currently no comparable homes to 7708 Austin Avenue.
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