14500 S Torrence Ave Burnham, IL 60633
Burnham AreaEstimated payment $8,101/month
About This Home
24 Units For Sale for $1,950,000 - 14446 & 14500 S Torrence Ave Burnham, IL 60633 sold as a portfolio. 2 (12 Unit Buildings) next to each other, with 10 (2 Bed/1Bath) & 14 (1 Bed/1 Bath) Units in a quiet area of Burnham. Each Unit has a balcony or patio, laundry in the basement & private parking lot. Major upside on rents as CCHA rent schedule for the area is $1,240 for 1 BEDS & $1,420 for 2 Beds.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,981
Year Built
- Built in 1968
Utilities
- Heating System Uses Gas
- Radiant Heating System
- Baseboard Heating
Additional Features
- 3-Story Property
- Lot Dimensions are 120x80
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $756
- Fuel Expense $6,187
- Insurance Expense $9,000
- Maintenance Expense $6,000
- Other Expense $1,750
- Trash Expense $1,782
- Water Sewer Expense $3,655
- Operating Expense $64,139
- Gross Income $164,472
- Net Operating Income $100,333
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $32,981 | $51,920 | $4,010 | $47,910 |
| 2024 | $32,981 | $51,920 | $4,010 | $47,910 |
| 2023 | $28,733 | $54,045 | $4,010 | $50,035 |
| 2022 | $28,733 | $37,219 | $6,238 | $30,981 |
| 2021 | $26,870 | $37,218 | $6,238 | $30,980 |
| 2020 | $24,709 | $37,218 | $6,238 | $30,980 |
| 2019 | $22,299 | $31,522 | $5,792 | $25,730 |
| 2018 | $21,555 | $31,522 | $5,792 | $25,730 |
| 2017 | $23,450 | $35,846 | $5,792 | $30,054 |
| 2016 | $27,990 | $44,822 | $5,347 | $39,475 |
| 2015 | $17,683 | $29,821 | $5,347 | $24,474 |
| 2014 | $20,951 | $36,887 | $5,347 | $31,540 |
| 2013 | $16,452 | $31,309 | $5,347 | $25,962 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2026 07/30/26 | For Sale | $975,000 | +89.8% | -- | |
| 07/27/2018 07/27/18 | Sold | $513,750 | -2.1% | -- | View Prior Sale |
| 05/20/2018 05/20/18 | Pending | -- | -- | -- | |
| 05/07/2018 05/07/18 | For Sale | $525,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,027,500 | Old Republic Title | |
| Deed | $310,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $411,000 | Commercial | |
| Previous Owner | $495,840 | Credit Line Revolving |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12719718
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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