NOT LISTED FOR SALE

6129 W 79th St Burbank, IL 60459

Estimated Value: $405,000

11 Beds
6 Baths
-- Sq Ft
0.72 Acres

Last Sold February 18, 2022

Last sale price $500,000

Est. 19% decrease in value since last sale

Current estimated payment $2,195/month

33 Days on Market

About This Home

As of February 2022

Rarely Available 6-flat in BURBANK / OAK LAWN area. Well Maintained and Fully Leased thru Mid '22 / Gross Income $61,000. can be higher. Owner preferred to keep long-term tenants and never raised the rent. 5 Units offering spacious 2 bedrooms, 1 unit offering 1 bedroom. Some units have been remodeled: new kitchen counters with back splash, appliances, hardwood, laminate flooring or carpeting. Large parking lot with 8-10 spaces plus 2-car garage. Great location, easy access to malls, expressway or public transportation. Great Investment Opportunity!

Last Agent to Sell the Property

Claudine Cantu

@properties Christie's International Real Estate License #475150059 Listed on: 11/17/2021

@properties   Christie's International Real Estate

Last Buyer's Agent

Stan Latek

Prospect Equities Real Estate License #475154432

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,233

Year Built

  • Built in 1967

Lot Details

  • Lot Dimensions are 83 x 125
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $1,707
  • Fuel Expense $3,067
  • Insurance Expense $2,454
  • Maintenance Expense $600
  • Trash Expense $1,363
  • Water Sewer Expense $3,071
  • Operating Expense $27,773
  • Gross Income $60,600
  • Net Operating Income $32,827

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,233

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • New Construction Y/N: No
  • Information: None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 550000
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip
  • Misc Outside: Balcony/ies

Garage/Parking

  • Outdoor Parking: 6-12 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Baseboard

Fee Information

  • Trash Expense: 1363
  • Water Sewer Expenses: 3071
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 83 X 125
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 16

Multi Family

  • Net Operating Income: 32827
  • Fuel Expense: 3067
  • Insurance Expense: 2454
  • ElectricExpense: 1707
  • GrossIncome: 60600
  • Maintenance Expense: 600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 27773
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 17233
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Feb 16, 2022
Sold by
Marquette Bank
Bought by
Andrianos Harry
Seller's Agent
Claudine Cantu
@properties Christie's International Real Estate
Buyer's Agent
Stan Latek
Prospect Equities Real Estate
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Current Estimated Value
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$95,000
Avg. Annual Appreciation
-5.59%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andrianos Harry $50,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $500,000 -9.1% --
12/21/2021 12/21/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $643 $2,072 $1,953 $119
2023 $656 $2,072 $1,953 $119
2022 $656 $1,701 $1,563 $138
2021 $627 $1,700 $1,562 $138
2020 $605 $1,700 $1,562 $138
2019 $553 $1,544 $1,406 $138
2018 $537 $1,544 $1,406 $138
2017 $520 $1,544 $1,406 $138
2016 $461 $1,309 $1,171 $138
2015 $444 $1,309 $1,171 $138
2014 $431 $1,309 $1,171 $138
2013 $394 $1,309 $1,171 $138
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11268261

Midwest Real Estate Data (MRED)

APN: 19-32-103-008-0000