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Burbank 60459 Burbank
7734 Melvina Avenue
$283,000
● House - Off Market

7734 Melvina Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,010 Ft²
$1,917
Est. Monthly
9.54%
Cap Rate

About This Property

This beautifully maintained 3-bedroom, 1-bath brick home is tucked into a quiet neighborhood setting, just steps from Reavis High School. Inside, you'll find a warm and functional layout featuring gleaming hardwood floors, freshly updated paint, and bedrooms with sleek mirrored closets. The kitchen is equipped with stainless steel appliances and granite counters, ideal for both everyday living and entertaining. A private, fenced yard creates an excellent outdoor retreat, complemented by a generous backyard with space for gatherings or play. Additional highlights include recessed lighting in the living area, in-home laundry, ample storage, and a detached 2-car garage. A wonderful combination of comfort, convenience, and charm!
Unit Size
1,010 Ft²
Days on Market
-
Land Size
-
Price per sqft
$282
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1963

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • 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: 3,690
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,010
  • Gross Building Area: 1,010
  • Building Area: 1,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,010
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARTLETTS FIRST ADD TO GREATER 79TH
  • Land Acres: 0000000085
  • 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: 19-29-303-032-0000
  • Block: 9
  • Lot: 12
  • Meridian: SEC 29 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7512
  • Longitude: -87.7758

    Address

  • Full Address: 7734 Melvina Ave
  • Address - House Number: 7734
  • Address - Street Name: Melvina
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C040
  • 4-Digit Zip Code: 1206
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $433,410
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 267,699
  • High Value: 294,766
  • Low Value: 240,633

    Market Valuation

  • Market Total Value: $200,010
  • Market Land Value: $35,060
  • Market Improvement Value: $164,950

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $20,001
  • Assessed Land Value: $3,506
  • Assessed Improvements Value: $16,495

    Sales

  • Current Sale Contract Date: Jul 17, 2003
  • Current Sale Recording Date: Jul 29, 2003
  • Current Sale Document Type: 42
  • Current Sale Input Document Number: 0321045134
  • Previous Sale Recording Date: Oct 07, 1999
  • Previous Sale Contract Date: Sep 29, 1999
  • Previous Sale Amount: $108,500
  • 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

2006 ft²

Average Home Age

55.2 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 6101 W 82nd Place, Burbank, IL, 60459

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,071 ft²
6101 W 82nd Place, Burbank, IL, 60459 Listing by Joseph Diaz
Unit for rent at 6238 W 63rd Street, Chicago, IL, 60638

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,600 ft²
6238 W 63rd Street, Chicago, IL, 60638 Listing by Beata Krasowski

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Sylwia Machnik, Exit Realty Redefined
Data Source: MRED, MLS# MRD12452804
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 7734 Melvina Avenue built and last sold?
The property at 7734 Melvina Avenue was built in 1963 and last sold on Jul 17, 2003 for $0.
How much is this home worth?
The estimated value of the home located at 7734 Melvina Avenue is $284,562.
What are some comparable homes to 7734 Melvina Avenue?
There are currently no comparable homes to 7734 Melvina Avenue.
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