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6048 W 79th St 3 Unit Apartment Building $599,000 ($199,667/Unit) 6.03% Cap Rate Burbank, IL 60459
Investment Highlights
- Features newly updated 3-bedroom units with spacious layouts.
- One boiler replaced in 2023.
- Recent capex include full tear-off roof replacements for the building and garage (5 years ago) and water heaters installed 2 years ago.
- Coin-operated laundry provides an additional revenue stream.
Executive Summary
This well-located 3-unit building in Burbank offers three spacious units—two with 3 bedrooms and one with 2 bedrooms—making it highly attractive in a consistently strong rental market. With on-site parking, solid rental upside, and value-add potential, it’s an excellent investment opportunity. Situated near Reavis High School, the location provides lasting appeal.
Property Facts Under Contract
| Price | $599,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.03% | Building Size | 2,574 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $599,000 |
| Price Per Unit | $199,667 |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,574 SF |
| No. Stories | 3 |
| Year Built | 1970 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Carpet
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 3+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 19-29-314-040-0000 | Improvements Assessment | $30,476 |
| Land Assessment | $4,750 | Total Assessment | $35,226 |
Property Taxes
Parcel Number
19-29-314-040-0000
Land Assessment
$4,750
Improvements Assessment
$30,476
Total Assessment
$35,226
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6048 W 79th St
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