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Burbank 60459 Burbank
8625 Austin Avenue
$235,000
● House - Off Market

8625 Austin Avenue

Burbank, IL 60459
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,126 Ft²
$1,695
Est. Monthly
12.29%
Cap Rate

About This Property

SPACIOUS 4 bedroom 1.5 Bath Cape Cod home is ready for a new owner. This home has many newer features, new siding 2020, new roof 2020, all new flooring and a beautiful kitchen. This cozy home sits on a huge lot with so much space for gatherings and fun outdoor activities. You will not be disappointed. Close to parks, library, and shopping centers. Property is being sold as is
Unit Size
1,126 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$217
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1940

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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 #12103811)

Price History

Date / Event Date Event Price
Oct 9, 2024 Sold
Premium
Sold
Sep 26, 2024 In contract -
In contract
Sep 19, 2024 Relisted $243,900
Relisted
Aug 26, 2024 In contract -
In contract
Aug 3, 2024 Price Decreased $243,900
↓ $5K (2%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • 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: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 150
  • 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: 12,267
  • Total Building Area: 1,126
  • Gross Building Area: 1,126
  • Building Area: 1,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BARTLETTS 87TH ST HOMESTEADS
  • Land Acres: 0000000282
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: FREDK H (BARTLETTS)(87TH) ST (HOMESTEADS) SUB OF WH S E SEC 32-38-13

Neighborhood

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

Geography

  • District: 36
  • Parcel: 19-32-421-026-0000
  • Lot: 124
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7353
  • Longitude: -87.7697

    Address

  • Full Address: 8625 Austin Ave
  • Address - House Number: 8625
  • Address - Street Name: Austin
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C020
  • 4-Digit Zip Code: 2507
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $419,125
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 212,788
  • High Value: 234,303
  • Low Value: 191,273

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $76,670
  • Market Improvement Value: $103,330

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $7,667
  • Assessed Improvements Value: $10,333

    Sales

  • Current Sale Contract Date: Aug 01, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1340
  • Previous Sale Recording Date: Aug 13, 2001
  • Previous Sale Contract Date: Aug 01, 2001
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 40
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

$225

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1965 ft²

Average Home Age

56.8 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 6925 Elder Court, Bridgeview, IL, 60455

$3,050 /mo

  • 4 Beds
  • 2 Baths
  • 1,705 ft²
6925 Elder Court, Bridgeview, IL, 60455 Listing by Ali Gursoy
Unit for rent at 9243 Lynwood Drive, Oak Lawn, IL, 60453

$3,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,095 ft²
9243 Lynwood Drive, Oak Lawn, IL, 60453 Listing by Sebastian Regium

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Bruce La Ha, RE/MAX 10
Last Updated: 3 years ago
Data Source: MRED, MLS# 12103811
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 8625 Austin Avenue built and last sold?
The property at 8625 Austin Avenue was built in 1940 and last sold on Aug 1, 2022 for $222,000.
How much is this home worth?
The estimated value of the home located at 8625 Austin Avenue is $246,379.
What are some comparable homes to 8625 Austin Avenue?
There are currently no comparable homes to 8625 Austin Avenue.
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