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5810 W 87th Street, Burbank, IL 60459
$1,340,000
5810 W 87th Street, Burbank, IL 60459View this property at 5810 W 87th Street, Burbank, IL 60459
5810 W 87th StreetBurbankIL60459
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Property Description
This meticulously maintained 12-unit apartment building epitomizes the essence of a lucrative investment opportunity. Its present success, while impressive, barely scratches the surface of its true potential. The commitment to excellence is evident in every facet of this property, making it a standout option for discerning investors. The building's robust income stream is merely a glimpse of what could be achieved with strategic management. Despite its already impressive financial performance, there exists ample room for growth, positioning this asset as an attractive proposition for those looking to maximize their returns. One of the hallmarks of this property is its recent upgrades, which testify to its commitment to modernity and longevity. The newer windows not only enhance aesthetic appeal but also contribute to energy efficiency, creating a more sustainable and cost-effective living environment for tenants. The resealed roof serves as a testament to the owner's dedication to preserving the building's structural integrity, ensuring its durability for years to come. The commitment to providing a top-tier living experience extends to the practical aspects as well. The parking area, thoughtfully redone in 2022, ensures convenience and safety for residents and their vehicles. The inclusion of a newer furnace and hot water heater, both of which are high-efficiency models installed in 2020, attests to the property's readiness to meet modern energy standards while keeping operating costs in check. Furthermore, the strategic location of this building adds another layer of desirability. Situated near shopping centers and expressways, tenants enjoy unparalleled convenience, making it an ideal place to call home. The proximity to key amenities not only enhances the overall tenant experience but also contributes to tenant retention and demand, ultimately bolstering the property's income potential. In summary, this well-maintained 12-unit apartment building is a remarkable investment opportunity. Its strong income, potential for growth, recent upgrades, efficient systems, and prime location coalesce to create an attractive package that any savvy investor would be wise to consider. This property stands as a testament to the art of real estate investment and management, offering both immediate rewards and a promising future.
Full Property Details
Full Property Details for 5810 W 87th St
General
- Sold For: $1,340,000
- Taxes: $22,364 (2021)
- Status: Closed
- Type: Commercial
- MLS ID: 11912575
- Added to Site: 209 day(s) ago
Additional Information
- Security/Safety: Fire Extinguisher(s)
Location
- Area: Burbank / Nottingham Park
- County: Cook
- Driving Directions: 87th Street W or E to 5810 W 87
Heating & Cooling
- Cooling Type: Wall Sleeve, Window Unit(s)
- Heating Type: Central Building Heat, Radiators
Structural Information
- Construction: Brick
- Stories/Levels: 3
- Year Built: 1973
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 12
- Units w/Range/Oven: 12
- # Dryers: 2
Lot Features
- Lot Dimensions: 148 x 125
Financial Considerations
- Operating Expenses: $25,448
- Security Deposit: Fire Extinguisher/s
- Assessment Year: 1973
- Tax Amount: $22,364.1
- Tax Year: 2021
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 19324230240000
Listed and Sold by Infiniti Properties, Inc.
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Schools
Schools serving 5810 W 87th St
School Districts:Burbank School District 111, Reavis Township High School District 220
Rating | Name | Grades | Distance |
---|---|---|---|
8235 Linder Ave, Burbank, IL 60459 | K-6 | 0.7 mi | |
6034 W 77th St, Burbank, IL 60459 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5810 W 87th St
Date
Details
Price
Change
Source
12/27/2023
Sold
$1,340,000
-6.23%
MLS
10/19/2023
Listed
$1,429,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5810 W 87th Street, Burbank, IL 60459 (MLS# 11912575) is a Commercial property that was sold at $1,340,000 on December 27, 2023. Want to learn more about 5810 W 87th Street? Do you have questions about finding other Commercial real estate for sale in Burbank? You can browse all Burbank real estate or contact a Coldwell Banker agent to request more information.