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Burbank 60459 Burbank
8516 Menard Avenue
$419,000
● House - Off Market

8516 Menard Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,220 Ft²
$421,174
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Come take a look at this fantastic all brick Forrester!!! Home offers 3 oversized bedrooms on the 3rd level, 1 additional bedroom in the basement, master suite with it's own balcony and 2.5 bathrooms. Beautiful hardwood floors throughout! Spacious and open entryway showcases the airy living and dining room area with vaulted ceiling. Large kitchen with white cabinetry and granite countertops overlooks cozy but spacious family room with wood burning fireplace, from there you can step outside to a spacious back yard with a large patio. Concrete oversized crawl space provides a lot of storage room! Nothing to do here but move in! Home has been very well cared for by it's owners! Has approximately 10 year tear off roof. Don't miss your chance and schedule your showing today!
Unit Size
2,220 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$184
Property Type
House
Property Taxes
$603
HOA Dues
-
Year Built
1996

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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 #11317152)

Price History

Date / Event Date Event Price
Mar 17, 2022 Sold
Premium
Sold
Feb 2, 2022 Listed by Boutique Home Realty $409,000
Listed by Boutique Home Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,400
  • Total Building Area: 1,837
  • Gross Building Area: 1,837
  • Building Area: 1,837
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,837
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 87TH ST HOMESTEADS/BARTLETTS
  • Land Acres: 0000000216
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

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

Geography

  • District: 36
  • Parcel: 19-32-423-056-0000
  • Lot: 15
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7371
  • Longitude: -87.7655

    Address

  • Full Address: 8516 Menard Ave
  • Address - House Number: 8516
  • Address - Street Name: Menard
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C020
  • 4-Digit Zip Code: 2661
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $762,224
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2295
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 403,518
  • High Value: 496,161
  • Low Value: 310,875

    Market Valuation

  • Market Total Value: $370,000
  • Market Land Value: $58,750
  • Market Improvement Value: $311,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,000
  • Assessed Land Value: $5,875
  • Assessed Improvements Value: $31,125

    Sales

  • Current Sale Contract Date: Mar 17, 2022
  • Current Sale Recording Date: Mar 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2208133004
  • Previous Sale Recording Date: May 03, 2007
  • Previous Sale Contract Date: Apr 26, 2007
  • Previous Sale Amount: $370,000
  • Previous Sale Document Type: 33
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

$229

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1910 ft²

Average Home Age

56.5 years

Currently For Sale

60 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 5368 Otto Place, Oak Lawn, IL, 60453

$3,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,759 ft²
5368 Otto Place, Oak Lawn, IL, 60453 Listing by Javier Alday

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Monika Mariak, Boutique Home Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11317152
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 8516 Menard Avenue built and last sold?
The property at 8516 Menard Avenue was built in 1996 and last sold on Mar 17, 2022 for $419,000.
How much is this home worth?
The estimated value of the home located at 8516 Menard Avenue is $417,111.
What are some comparable homes to 8516 Menard Avenue?
There are currently no comparable homes to 8516 Menard Avenue.
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