For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Burbank 60459 Burbank
8128 Melvina Avenue
$299,000
● House - Off Market

8128 Melvina Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,176 Ft²
$312,041
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Quality brick 3-bedroom 2 bath home with side drive and 2.5 car detached garage. Well maintained by original owner - newer windows and furnace. Front yard has underground sprinkler system. Basement workbench stays. Convenient location - close to schools, parks and shopping. Being offered in As-Is condition. Owner is Licensed Realtor in state of Illinois.
Unit Size
1,176 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$259
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1967

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #11414079)

Price History

Date / Event Date Event Price
Jul 18, 2022 Sold
Premium
Sold
May 24, 2022 Listed by Hoff, Realtors $305,000
Listed by Hoff, Realtors

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 4,987
  • Total Building Area: 1,176
  • Gross Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821002

Geography

  • District: 36
  • Parcel: 19-32-112-053-0000
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.744
  • Longitude: -87.7756

    Address

  • Full Address: 8128 Melvina Ave
  • Address - House Number: 8128
  • Address - Street Name: Melvina
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C050
  • 4-Digit Zip Code: 1844
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $460,542
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 298,588
  • High Value: 368,615
  • Low Value: 228,560

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $31,170
  • Market Improvement Value: $228,830

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,000
  • Assessed Land Value: $3,117
  • Assessed Improvements Value: $22,883

    Sales

  • Current Sale Contract Date: Jul 08, 2022
  • Current Sale Recording Date: Aug 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18339
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

$223

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

Unit for rent at 7241 Beloit Avenue, Bridgeview, IL, 60455

$3,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,069 ft²
7241 Beloit Avenue, Bridgeview, IL, 60455 Listing by Fares Suleiman
Unit for rent at 7843 Natchez Avenue, Burbank, IL, 60459

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,800 ft²
7843 Natchez Avenue, Burbank, IL, 60459 Listing by Eduardo Sanchez

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Richard Lewandowski, Hoff, Realtors
Last Updated: 3 years ago
Data Source: MRED, MLS# 11414079
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 8128 Melvina Avenue built and last sold?
The property at 8128 Melvina Avenue was built in 1967 and last sold on Jul 8, 2022 for $299,000.
How much is this home worth?
The estimated value of the home located at 8128 Melvina Avenue is $305,749.
What are some comparable homes to 8128 Melvina Avenue?
There are currently no comparable homes to 8128 Melvina Avenue.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Burbank Homes for Sale
Burbank Houses for Sale
Burbank Condos for Sale
Burbank Townhouses for Sale
Burbank Multifamily for Sale
Burbank Land for Sale
Burbank Commercial for Sale
Burbank Homes with Basements
Nearby Cities
Oak Lawn Homes for Sale
Evergreen Park Homes for Sale
Bridgeview Homes for Sale
Hickory Hills Homes for Sale
Justice Homes for Sale
Hometown Homes for Sale
Bedford Park Homes for Sale
Nearby Property Records
Cook County, IL Property Records
DuPage County, IL Property Records
Will County, IL Property Records
Lake County, IN Property Records
Kane County, IL Property Records
Kendall County, IL Property Records
Porter County, IN Property Records
Lake County, IL Property Records
Neighborhoods
Marquette Park Real Estate
West Lawn Real Estate
Ashburn Real Estate
Scottsdale Real Estate
Wrightwood Real Estate
Nearby Counties
Stickney Homes for Sale
Top Real Estate Agents
Top Agents in Burbank
Top Agents in 60453
Top Agents in Oak Lawn
Top Agents in 60638
Top Agents in 60629
Top Agents in Stickney
Top Agents in 60652
Top Agents in 60459