NOT LISTED FOR SALE

7851 Lorel Ave Burbank, IL 60459

7 Beds
3 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold August 24, 2023

Last sale price $460,000

3 Days on Market

About This Home

As of August 2023

Beautiful 2 unit with owners unit in the basement 1st floor & 2nd with 3 bedroom's central A/C . hardwood floor , fenced yard wide driveway Perfect investment property or New home buyer with extra income from units. This is a must see property. roof, windows are 8y old 3gas meter , 4 electrical meter , 1st floor & basement owner use call today .

Last Agent to Sell the Property

Khaled Muza

RE/MAX 10 License #475124048 Listed on: 07/27/2023

RE/MAX 10

Last Buyer's Agent

The Galarza Team

Century 21 New Beginnings License #475113749

Century 21 New Beginnings

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,696

Year Built

  • Built in 1962

Lot Details

  • 4,356 Sq Ft Lot
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 3 Bathrooms

Schools

  • Jacqueline B Kennedy Elementary School
  • Liberty Junior High School
  • Reavis High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Property is near park

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,696

Year Built

Built in 1962

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 7
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Driveway
  • ParkingTotal: 6
  • Number of Cars: 8
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park
  • Conversion YN: N

Schools

  • Elementary School: Jacqueline B Kennedy Elementary
  • High School: Reavis High School
  • Middle/Junior School: Liberty Junior High School

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.1
  • Lot Dimensions: .25
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 10696
  • Tax Year: 2021
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat
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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
08/24/2023 08/24/23 Sold $460,000 -4.1% --
07/31/2023 07/31/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $479,900 -- --
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 $5,563 $19,586 $4,165 $15,421
2024 $5,563 $19,586 $4,165 $15,421
2023 $5,768 $19,586 $4,165 $15,421
2022 $5,768 $16,670 $3,617 $13,053
2021 $5,536 $16,668 $3,616 $13,052
2020 $5,382 $16,668 $3,616 $13,052
2019 $4,962 $15,564 $3,288 $12,276
2018 $4,820 $15,564 $3,288 $12,276
2017 $4,670 $15,564 $3,288 $12,276
2016 $4,234 $13,266 $2,740 $10,526
2015 $4,055 $13,266 $2,740 $10,526
2014 $3,942 $13,266 $2,740 $10,526
2013 $3,103 $11,636 $2,740 $8,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11844406

Midwest Real Estate Data (MRED)