Description
Rare opportunity to acquire a fully rented 6-unit building in Burbank. A new boiler and hot water heater were installed in 2025, along with a new roof in 2019. Most units feature updated kitchens, bathrooms, and appliances, supporting future rent growth. The property also includes coin laundry in the basement, a security camera system, and a sprinkler system, offering long-term operational value. All tenants are on month-to-month leases, providing a new owner with the opportunity to increase rents to market rate. NEED 48 HOUR NOTICE PRIOR TO SHOWINGS. Pre-Approval or proof of funds required before showing.
Property Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 5,880
County: Cook
Listed By:
Baird & Warner
312-640-7010
MRED MLS
MLS ID: 12561455
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7829 Normandy Avenue, Burbank, IL 60459.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $815,000 | $815,000 | $815,000 |
| Down Payment | $163,000 | $28,525 | $203,750 |
| Monthly Mortgage Amount | $3,857 | $4,670 | $4,954 |
| Taxes | $1134 | $1134 | $1134 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $358 | $0 |
| Monthly Estimated Total | $5,229 | $6,400 | $6,326 |