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Burbank 60459 Burbank
8545 Parkside Avenue
$630,000
● House - Off Market

8545 Parkside Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
3 Baths
$3,118
Est. Monthly

About This Property

Welcome to this stunning 5-bedroom, 3-bathroom home built in 2019, offering modern design and comfort. Featuring an open floor plan ideal for entertaining, 2 electric fireplaces, a beautifully finished basement for additional living space, private master suite we walk-in closet, and a spacious backyard perfect for outdoor activities. This home blends contemporary style with functional living in every detail.
Unit Size
-
Days on Market
-
Land Size
0.14 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,400
  • Total Building Area: 703
  • Gross Building Area: 703
  • Building Area: 703
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 703
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD
  • Land Acres: 0000000285
  • 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: 19-32-412-022
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7365
  • Longitude: -87.7612

    Address

  • Full Address: 8545 Parkside Ave
  • Address - House Number: 8545
  • Address - Street Name: Parkside
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C038
  • 4-Digit Zip Code: 2907
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2019
  • Tax Amount: $436,176
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2132
  • Valuation Date: Aug 25, 2021
  • Confidence Score: 70
  • Final Value: 187,907
  • High Value: 227,987
  • Low Value: 147,826

    Market Valuation

  • Market Total Value: $121,740
  • Market Land Value: $62,000
  • Market Improvement Value: $59,740

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $12,174
  • Assessed Land Value: $6,200
  • Assessed Improvements Value: $5,974

    Sales

  • Current Sale Contract Date: Apr 09, 2020
  • Current Sale Recording Date: Apr 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2012120138
  • Previous Sale Recording Date: Apr 30, 2020
  • Previous Sale Contract Date: Apr 07, 2020
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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 6101 W 94th Street, Oak Lawn, IL, 60453

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
6101 W 94th Street #A2, Oak Lawn, IL, 60453 Listing by Shannon Senter
Unit for rent at 9522 S 53rd Avenue, Oak Lawn, IL, 60453

$2,150 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
9522 S 53rd Avenue #1N, Oak Lawn, IL, 60453 Listing by Mary Huska

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Daniel Csuk, Redfin Corporation
Data Source: MRED, MLS# MRD12359288
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 8545 Parkside Avenue built and last sold?
The property at 8545 Parkside Avenue was built in 1952 and last sold on Apr 9, 2020 for $425,000.
How much is this home worth?
The estimated value of the home located at 8545 Parkside Avenue is $641,350.
What are some comparable homes to 8545 Parkside Avenue?
There are currently no comparable homes to 8545 Parkside Avenue.
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