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Burbank 60459 Burbank
8627 Major Avenue
$295,000
● House - Off Market

8627 Major Avenue

Burbank, IL 60459
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,150 Ft²
$298,420
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This 5 bedroom 2 bathroom immaculate home is just the place for you!   The beautiful kitchen is the heart of the home complete with granite countertops and stainless steel appliances. The living room has an open space and large windows to let in natural light on a sunny day. The bedrooms are spacious and have nice hardwood floors along with ceiling fans. Full finished basement with a 2nd kitchen living area and 2 bedrooms. Perfect for related living. This home comes with an open backyard to be able to host get togethers with friends and family and enjoy the summer!
Unit Size
1,150 Ft²
Days on Market
-
Land Size
-
Price per sqft
$257
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
1971

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #11393021)

Price History

Date / Event Date Event Price
Jun 23, 2022 Sold
Premium
Sold
May 3, 2022 Listed by Keller Williams Preferred Rlty $295,000
Listed by Keller Williams Preferred Rlty

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • 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: 12
  • Building Style: 3
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 3,690
  • Lot Size Depth Feet: 1,220
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,150
  • Gross Building Area: 1,150
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLANDS SUB
  • Land Acres: 0000000085
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (HIGHLANDS) SUB OF W 3/4 OF SE SE SEC 32-38-13

Neighborhood

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

Geography

  • District: 36
  • Parcel: 19-32-415-013-0000
  • Block: 6
  • Lot: 13
  • Meridian: SEC 32 TWN 38N RNG 13E
  • Municipality: STICKNEY
  • Latitude: 41.7349
  • Longitude: -87.7622

    Address

  • Full Address: 8627 Major Ave
  • Address - House Number: 8627
  • Address - Street Name: Major
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Burbank
  • Carrier Code: C038
  • 4-Digit Zip Code: 2644
  • Zip Code: 60459

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $442,221
  • Tax Rate Code Area: 36004

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 288,025
  • High Value: 355,575
  • Low Value: 220,474

    Market Valuation

  • Market Total Value: $240,000
  • Market Land Value: $23,060
  • Market Improvement Value: $216,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,000
  • Assessed Land Value: $2,306
  • Assessed Improvements Value: $21,694

    Sales

  • Current Sale Contract Date: Jun 20, 2022
  • Current Sale Recording Date: Jul 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 33084
  • Previous Sale Recording Date: Nov 18, 1996
  • Previous Sale Contract Date: Nov 15, 1996
  • Previous Sale Amount: $128,000
  • Previous Sale Document Type: 71
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

$228

Below Asking

0.01%

Average Days on Market

46

Average Home Size

1887 ft²

Average Home Age

56.3 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 7852 Neenah Avenue, Burbank, IL, 60459

$2,550 /mo

  • 3 Beds
  • 1 Bath
  • 1,056 ft²
7852 Neenah Avenue, Burbank, IL, 60459 Listing by Edison Orejuela
Unit for rent at 7810 Mayfield Avenue S, Burbank, IL, 60459

$2,690 /mo

  • 3 Beds
  • 3 Baths
  • 1,280 ft²
7810 Mayfield Avenue S #HOUSE, Burbank, IL, 60459 Listing by Maria Para

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ed Abed, Keller Williams Preferred Rlty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11393021
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 8627 Major Avenue built and last sold?
The property at 8627 Major Avenue was built in 1971 and last sold on Jun 20, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 8627 Major Avenue is $295,964.
What are some comparable homes to 8627 Major Avenue?
There are currently no comparable homes to 8627 Major Avenue.
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