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Burbank 60459 Burbank
8437 Central Avenue
$290,000
● House - Off Market

8437 Central Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,100 Ft²
$278,769
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Spacious 3 Bed 2 Full bath home with an updated kitchen and walk out basement is seeking a new owner. Both bathrooms have been been refinished top to bottom, all new laminate flooring and carpets throughout. Brand new furnace and water heater. Central A/C to be installed prior to closing. There's nothing left to do except move in your belongings here. 2 car detached garage with a large backyard perfect for entertainment. Enclosed back porch/mud room. This home is for sale only. UNDER NO CIRCUMSTANCES WILL THIS HOME BE AVAILABLE FOR RENT. If you see the home for rent anywhere please call local police and inform listing brokerage. House is secured and alarmed.
Unit Size
1,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$250
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1949

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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 #11334194)

Price History

Date / Event Date Event Price
Apr 18, 2022 Sold
Premium
Sold
Feb 27, 2022 Listed by HomeSmart Realty Group $275,000
Listed by HomeSmart Realty Group

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 28
  • 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: 10,707
  • Total Building Area: 765
  • Gross Building Area: 765
  • Building Area: 765
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 765
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Burbank School District 111
  • Census Tract: 821101

Geography

  • District: 36
  • Parcel: 19-33-324-026-0000
  • Meridian: SEC 33 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7384
  • Longitude: -87.7601

    Address

  • Full Address: 8437 Central Ave
  • Address - House Number: 8437
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C070
  • 4-Digit Zip Code: 2674
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $529,407
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 219,356
  • High Value: 269,444
  • Low Value: 169,268

    Market Valuation

  • Market Total Value: $220,000
  • Market Land Value: $101,720
  • Market Improvement Value: $118,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,000
  • Assessed Land Value: $10,172
  • Assessed Improvements Value: $11,828

    Sales

  • Current Sale Contract Date: Feb 07, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 47028
  • Previous Sale Recording Date: Oct 08, 2014
  • Previous Sale Contract Date: Sep 02, 2014
  • Previous Sale Amount: $100,000
  • 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:

$349,687

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

45

Average Home Size

1918 ft²

Average Home Age

56 years

Currently For Sale

54 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: Mithil Patel, HomeSmart Realty Group
Last Updated: 3 years ago
Data Source: MRED, MLS# 11334194
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 8437 Central Avenue built and last sold?
The property at 8437 Central Avenue was built in 1949 and last sold on Feb 7, 2022 for $290,000.
How much is this home worth?
The estimated value of the home located at 8437 Central Avenue is $0.
What are some comparable homes to 8437 Central Avenue?
There are currently no comparable homes to 8437 Central Avenue.
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