NOT LISTED FOR SALE

6629 W 79th St Burbank, IL 60459

Estimated Value: $213,995

0.11 Acre
$1,945,409 Price per Acre
4,792 Sq Ft Lot

Last Sold November 17, 2021

Last sale price $179,000

Est. 20% increase in value since last sale

Current estimated payment $1,415/month

64 Days on Market

About This Lot

As of November 2021

Great corner lot property with with nothing but potential. Lot is 41 X 125. Currently used as a barber shop, previously used a real estate office. The building has one main space, two private offices and a bathroom. Upstairs in an unfinished attic that could be finished or expanded for additional space. Paved parking lot has parking for at least 4 to 5 cars. Great opportunity on busy 79th Street!

Last Agent to Sell the Property

Erik Schwab

Corcoran Urban Real Estate License #471021496 Listed on: 06/16/2021

Corcoran Urban Real Estate

Co-Listed By

Chris Vernald

Corcoran Urban Real Estate License #475140372

Last Buyer's Agent

Luciano Rodriguez

Chicagoland Brokers, Inc. License #475099602

Chicagoland Brokers, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,659

Year Built

  • 1947

Property Details

Property Type

Land

Est. Annual Taxes

$9,659

Year Built

1947

Listing Details

  • Property Type: Land
  • Property Type: Land
  • General Information: None
  • Co List Office Mls Id: MRD18649
  • Co List Office Phone: (312) 528-9200
  • Directions: Harlem to 79th, west on 79th to property. Property on south side of 79th.
  • Road Frontage Type: City Street
  • Lot Size: 41 X 125
  • Ownership: Fee Simple
  • Road Surface Type: Asphalt
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1947

Interior Features

  • Basement Description: None
  • Basement Bathrooms: No

Exterior Features

  • Waterfront: No

Garage/Parking

  • Number of Cars: 0

Utilities

  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer, Water to Site

Schools

  • High School: Reavis High School
  • Junior High Dist: 220

Lot Info

  • Lot Size: Less Than .25 Acre
  • Special Assessments: N
  • Current Use: Commercial
  • Zoning: COMMR

Rental Info

  • Board Number: 8
  • Rental Price: 0

Building Info

  • Building(s) on Land: Yes

Tax Info

  • Tax Exemptions: None
  • Tax Annual Amount: 8957
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Nov 9, 2021
Sold by
Krainik Carol H and Krainik Louis J
Bought by
Silvia Garcia and Oliveros Garcia Oliveros
Seller's Agent
Erik Schwab
Corcoran Urban Real Estate
Buyer's Agent
Luciano Rodriguez
Chicagoland Brokers, Inc.
List Price
$199,900
Sold Price
$179,000
Premium/Discount to List
-$20,900
-10.46%
Total Days on Market
64
Current Estimated Value
$213,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,995
Avg. Annual Appreciation
5.33%
Original Mortgage
$134,250
Outstanding Balance
$124,810
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$90,414

Purchase Details

Closed on
Jan 11, 2021
Sold by
Krainik Louis A and Krainik Carol H
Bought by
Krainik Carol H and Krainik Louis J
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
Silvia Garcia $179,000 Attorney
Krainik Carol H -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silvia Garcia $134,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $179,000 -10.5% --
08/20/2021 08/20/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $199,900 -- --
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 $9,659 $33,225 $20,584 $12,641
2023 $9,659 $33,225 $20,584 $12,641
2022 $9,659 $25,048 $14,152 $10,896
2021 $9,242 $25,047 $14,151 $10,896
2020 $8,916 $25,047 $14,151 $10,896
2019 $8,957 $25,000 $11,578 $13,422
2018 $8,702 $25,000 $11,578 $13,422
2017 $8,414 $25,000 $11,578 $13,422
2016 $12,381 $28,750 $10,935 $17,815
2015 $11,949 $28,750 $10,935 $17,815
2014 $11,696 $28,750 $10,935 $17,815
2013 $11,206 $30,412 $10,935 $19,477
Source: Public Records

Agents Affiliated with this Home

  • Erik Schwab

    Seller's Agent in 2021

    Erik Schwab

    Corcoran Urban Real Estate

    (312) 320-0321

    2 in this area

    93 Total Sales

    Erik Schwab
    Section Image
  • Chris Vernald

    Seller Co-Listing Agent in 2021

    Chris Vernald

    Corcoran Urban Real Estate

    (630) 330-7191

    2 in this area

    202 Total Sales

    Chris Vernald
    Section Image
  • Luciano Rodriguez

    Buyer's Agent in 2021

    Luciano Rodriguez

    Chicagoland Brokers, Inc.

    (773) 443-8077

    2 in this area

    11 Total Sales

    Luciano Rodriguez
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11125406

Midwest Real Estate Data (MRED)

APN: 19-31-202-039-0000

Illinois Cook County Burbank 60459

6629 W 79th St, Burbank, IL

This home is located at 6629 W 79th St, Burbank, IL 60459 since 16 June 2021 and is currently estimated at $213,995. This property was built in 1947. 6629 W 79th St is a home located in Cook County with nearby schools including F B Mccord Elementary School, Reavis High School, and St Albert the Great Catholic School.

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