NOT LISTED FOR SALE

7840 Normandy Ave Burbank, IL 60459

11 Beds
6 Baths
-- Sq Ft
1987 Built

Last Sold January 10, 2022

Last sale price $640,000

4 Days on Market

About This Home

As of January 2022

Custom built for the seller in 1987! Fully rented with no vacancy. One unit completely renovated and some units with some updates. 5 units with 2 bedrooms, 1 unit with one bedroom. All new windows, new HWH, furnace 4 years old. Each unit comes with an extra storage. All unit are above ground level and all with balconies. Additional storage for each apartment in the utility room, plus coin laundry for extra income. Oversized apartments including living room and formal dining room. 2 A/Cs in each apartment. Seller is going to replace carpet on all balconies before the closing. Large side drive with 2 car garage and plenty of parking spaces for the tenants. Close to major expressways and shopping! Extremely well cared for exterior and interior.

Last Agent to Sell the Property

Anna Krzemien

RE/MAX 10 License #475126478 Listed on: 09/29/2021

RE/MAX 10

Last Buyer's Agent

Anna Krzemien

RE/MAX 10 License #475126478 Listed on: 09/29/2021

RE/MAX 10

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,758

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 75x125

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Pitched Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • Storage Room
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $500
  • Fuel Expense $3,000
  • Insurance Expense $2,250
  • Trash Expense $1,300
  • Water Sewer Expense $3,000
  • Operating Expense $11,758
  • Gross Income $74,700
  • Net Operating Income $63,942

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,758

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1987
  • Built Before 1978 (Y/N): No
  • Information: 24-Hr Notice Required
  • Estimated Age: 26-35 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 11
  • Fire Protection: Fire Extinguisher/s,Smoke or Fire Protectors,Sprinklers-Wet
  • Misc Inside: Inside Corridor/s,Storage Inside,Laundry Room
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Pitched
  • Misc Outside: Balcony/ies

Garage/Parking

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

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Radiators
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1300
  • Water Sewer Expenses: 3000

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 75X125
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks
  • Alternate Phone Number: (708) 557-1440

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • Building Unit Info: Sprinkler System

Multi Family

  • Net Operating Income: 63942
  • Fuel Expense: 3000
  • Insurance Expense: 2250
  • ElectricExpense: 500
  • GrossIncome: 74700
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 11758
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 11758
  • Tax Year: 2020

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2022 01/10/22 Sold $640,000 -5.2% --
10/04/2021 10/04/21 Pending -- -- --
09/29/2021 09/29/21 For Sale $674,900 -- --
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
2025 $19,858 $64,000 $10,108 $53,892
2024 $19,858 $64,000 $10,108 $53,892
2023 $12,737 $64,000 $10,108 $53,892
2022 $12,737 $33,029 $8,778 $24,251
2021 $12,188 $33,029 $8,778 $24,251
2020 $11,758 $33,029 $8,778 $24,251
2019 $18,099 $50,514 $7,980 $42,534
2018 $17,583 $50,514 $7,980 $42,534
2017 $17,001 $50,514 $7,980 $42,534
2016 $13,213 $37,502 $6,650 $30,852
2015 $11,832 $37,502 $6,650 $30,852
2014 $11,494 $37,502 $6,650 $30,852
2013 $13,239 $46,671 $6,650 $40,021
Source: Public Records

Agents Affiliated with this Home

  • Anna Krzemien

    Seller's Agent in 2022

    Anna Krzemien

    RE/MAX

    (708) 557-1440

    17 in this area

    145 Total Sales

    Anna Krzemien
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11232934

Midwest Real Estate Data (MRED)
Illinois Cook County Burbank 60459

7840 Normandy Ave, Burbank, IL

Not Listed for Sale

MultiFamily

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