6040 W 79th St · Burbank, IL 60459

$237,987

2 bd · 1.0 ba · 953 sqft · SingleFamily · 5 Days on market

Built 1940 3,123 sqft lot Est $267k · 11% under

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.7/30.0
• ARV discount +12.4/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

NEWLY REHABBED! As soon as you walk into this great 1.5 story home, you are welcomed with an electric modern fireplace! This home offers 2 spacious bedrooms with 1 full bathroom! The kitchen offers new white quartz countertop with a ceramic floor! New paint and flooring all throughout! Roof and windows are 5 years old. Newly remodeled backyard for parties and gatherings! This beautiful home is ready for you to move in! Schedule your showing now!

Key facts

• 3,123 sq ft lot
• 2 parking spots
• Built 1940

Property features AI

Finance

• Other: Commuter bus access nearby
• HOA & community: No master association fee required; Community features include park access

Exterior

• Parking: Two parking spaces; Parking off alley (owned spaces)
• Utilities: Water from Lake Michigan; Public sewer
• Home design: Detached single-family home; 1.5-story; Fee simple ownership; Rehabilitated in 2021; Asphalt roof; Vinyl siding; Built before 1978 (estimated 81–90 years old)
• Construction: Vinyl siding construction; Asphalt roof
• Exterior features: Patio; Fenced yard; Street lights, sidewalks, curbs, paved streets; Located near a park

Interior

• Kitchen: Eating-area kitchen (20 x 8) with ceramic tile flooring; Range, microwave, refrigerator
• Bedrooms: Master bedroom (second level) with wood laminate flooring; Second bedroom (second level) 12 x 10 with wood laminate flooring
• Flooring: Wood laminate flooring in living room and bedrooms; Ceramic tile in kitchen
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Five total rooms; Electric fireplace in the living room; Crawl space basement
• Laundry & utility: Laundry room; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $796 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $238k).
• Cap rate 10.3% vs local median 5.4% in Burbank — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#132 in IL, #2,422 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, employment A-; Watch: health & safety C-, amenities F.
• Reavis Twp Hsd 220 (suburban): math 18% / reading 21% proficiency, ranked #420 of 620 in IL (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Reavis High School (math 18% / reading 21%, grade F, #397 of 693 statewide, top 61%, 1,986 students, 0% FRL).
• Market conditions: 51 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $155k; list at $238k implies a 54% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $237,987

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 10.31%
• Cash-on-cash: 14.33%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $266,840
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7944 Austin Ave	0.12mi	2/2.0	1,008 (+6%)	1mo	$350,000	$347	80
7812 Meade Ave	0.10mi	3/1.0 (+1)	1,056 (+11%)	2mo	$212,000	$201	71
8014 Mobile Ave	0.36mi	3/1.0 (+1)	996 (+4%)	3mo	$300,000	$301	68
7711 Melvina Ave	0.25mi	3/2.0 (+1)	919 (-4%)	6mo	$312,000	$339	68
7734 Melvina Ave	0.25mi	3/1.0 (+1)	1,010 (+6%)	7mo	$283,000	$280	68
7704 Mcvicker Ave	0.22mi	3/1.5 (+1)	1,032 (+8%)	4mo	$257,000	$249	66
7707 Mobile Ave	0.34mi	3/1.0 (+1)	1,000 (+5%)	8mo	$275,000	$275	64
7718 Meade Ave	0.20mi	3/1.0 (+1)	1,036 (+9%)	8mo	$280,000	$270	64
7814 Major Ave	0.45mi	3/1.0 (+1)	1,056 (+11%)	0mo	$285,000	$270	56
7802 Mulligan Ave	0.38mi	3/2.0 (+1)	1,020 (+7%)	8mo	$305,000	$299	55
7745 Nashville Ave	0.67mi	3/2.0 (+1)	1,013 (+6%)	1mo	$341,000	$337	48
7709 Neenah Ave	0.63mi	3/1.0 (+1)	1,082 (+14%)	2mo	$302,000	$279	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.7%
• Equity multiple: 1.18×
• Total profit: $12,176
• Equity at exit: $35,485

10-year hold

• IRR: 14.2%
• Equity multiple: 2.14×
• Total profit: $76,067
• Equity at exit: $20,577

Cash invested: $66,636 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 60459

• Active inventory: 51
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,089 high
• Mortgage (P&I): −$1,248
• Tax est. 1.5%: −$297 /mo · $3,570/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$649
• Net cashflow: $796

Break-even live

Break-even rent $2,082

Max offer price $237,987

Occupancy floor 69%

Sensitivity live

Price	-10% $960	-5% $878	+0% $796	+5% $714	+10% $631
Rent	-10% $552	-5% $674	+0% $796	+5% $918	+10% $1,040
Rate	-1.0pp $916	-0.5pp $856	base $796	+0.5pp $734	+1.0pp $672

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $59,497
• Closing costs: $7,140
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7847 Melvina Ave Burbank, IL	3.0	1.0	1056	$3,900	$3.69	0d	1	0.16mi
6101 W 82nd Pl Burbank, IL	3.0	2.0	1071	$2,900	$2.71	0d	1	0.49mi
7732 Lotus Ave Burbank, IL	3.0	1.0	1065	$2,475	$2.32	25d	1	0.77mi
7732 Lotus Ave Burbank, IL	3.0	1.0	1056	$2,475	$2.34	22d	1	0.77mi
7918 Nordica Ave Unit B Burbank, IL	2.0	1.0	700	$1,200	$1.71	6d	1	1.26mi
5834 W 89th Pl Oak Lawn, IL	3.0	1.0	1100	$2,150	$1.95	22d	1	1.34mi
7700 S Harlem Ave Apt 1C Bridgeview, IL	1.0	1.0	900	$1,395	$1.55	17d	1	1.49mi

Listing history 35 events

1. 2026-06-18
   days on market $237,987 Active 5 DOM
2. 2026-06-17
   days on market $237,987 Active 4 DOM
3. 2026-06-16
   days on market $237,987 Active 3 DOM
4. 2026-06-15
   days on market $237,987 Active 2 DOM
5. 2026-06-13
   pricestatusdays on marketlisting id $237,987 Active 1 DOM
6. 2026-06-13
   days on market $237,000 Contingent - No Showings 53 DOM
7. 2026-06-09
   days on market $237,000 Contingent - No Showings 50 DOM
8. 2026-06-08
   days on market $237,000 Contingent - No Showings 49 DOM
9. 2026-06-07
   days on market $237,000 Contingent - No Showings 48 DOM
10. 2026-06-04
    statusdays on market $237,000 Contingent - No Showings 45 DOM
11. 2026-06-03
    days on market $237,000 Active 44 DOM
12. 2026-06-02
    days on market $237,000 Active 43 DOM
13. 2026-06-01
    days on market $237,000 Active 42 DOM
14. 2026-05-31
    days on market $237,000 Active 41 DOM
15. 2026-05-16
    status Active
16. 2026-04-25
    historical Contingent - Continue to Show
17. 2026-04-20
    listed $242,000 Active
18. 2026-03-11
    historical
19. 2025-12-08
    status Active
20. 2025-12-03
    historical Contingent - No Showings
21. 2025-11-13
    listed Active
22. 2025-11-13
    historical
23. 2025-09-09
    listed Active
24. 2020-09-14
    soldstatus $155,000 Closed Sale
25. 2020-08-14
    status Contingent
26. 2020-08-07
    listed $140,000 New
27. 2008-05-30
    soldstatus $74,900
28. 2008-04-22
    historical
29. 2008-03-04
    listed $73,900
30. 2008-01-08
    historical
31. 2007-07-02
    listed
32. 2007-06-29
    historical
33. 2007-06-22
    listed
34. 2007-06-21
    historical
35. 2007-03-13
    listed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,072
• − Mortgage interest: −$13,331
• − Property taxes: −$3,570
• − Insurance: −$1,190
• − Repairs & maintenance: −$2,966
• − Management: −$2,966
• − Depreciation: −$6,923
• Taxable income: $6,127
• Est. tax owed @ 24.0%: −$1,470
• After-tax cash flow: $8,081/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Reavis Twp Hsd 220
• NCES district ID: 1733270
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 21% ▼ -4.00%
• Median HH income: $54,732
• Composite: 17.94/100
• National rank: #8994
• State rank: #420 of 620 in IL

Livability — Burbank

• Score: 78/100
• State rank: #132
• US rank: #2422

Category grades

Amenities F Commute A+ Cost of living A- Crime B- Employment A- Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burbank, IL
• City population: 28,822
• Population (ZIP): 28,822

Population outlook (Cook County) Hauer SSP2

• Today (2025): 5,347,519 people
• By 2030: 5,357,703 · +0.2%
• By 2040: 5,324,924 · -0.4%
• By 2050: 5,230,762 · -2.2%
• By 2075: 4,785,735 · -10.5%
• By 2100: 4,188,836 · -21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Hispanic / Latino 50% White 44% Two or more races 21% Asian 3% Black 1%
• Hispanic origin (detail): Mexican 45% Puerto Rican 2%
• Common ancestry: Romanian 17% Armenian 1% Iranian 1%
• Foreign-born: 32% · Canada, Jamaica, Vietnam
• Languages at home: 40% English-only · Spanish 39% Russian/Polish/Slavic 12% Arabic 5%

Political lean MEDSL · Cook

• 2024 margin: Solid D (+42.0) · D 70.4% · R 28.4% · Other 1.2%
• 2008→2024 swing: -11.4pp toward R · 2008: 53.4pp · 2024: 42.0pp
• All cycles: 2024: D+42.0 2020: D+50.3 2016: D+53.0 2012: D+49.4 2008: D+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -188.56%
• Current HPI: 223.2294
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+227.5% since first listed

21 events — show timeline

• 2026-05-16 Relisted — MRED as Distributed by MLS Grid
• 2026-04-25 Contingent — MRED as Distributed by MLS Grid
• 2026-04-20 Listed $242,000 MRED as Distributed by MLS Grid
• 2026-03-11 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-08 Relisted — MRED as Distributed by MLS Grid
• 2025-12-03 Contingent — MRED as Distributed by MLS Grid
• 2025-11-13 Listing Removed — MRED as Distributed by MLS Grid
• 2025-11-13 Listed — MRED as Distributed by MLS Grid
• 2025-09-09 Listed — MRED as Distributed by MLS Grid
• 2020-09-14 Sold (MLS) $155,000 MRED as Distributed by MLS Grid
• 2020-08-14 Pending — MRED as Distributed by MLS Grid
• 2020-08-07 Listed $140,000 MRED as Distributed by MLS Grid
• 2008-05-30 Sold (MLS) $74,900 MRED as Distributed by MLS Grid
• 2008-04-22 Listing Removed — MRED as Distributed by MLS Grid
• 2008-03-04 Listed $73,900 MRED as Distributed by MLS Grid
• 2008-01-08 Listing Removed — MRED as Distributed by MLS Grid
• 2007-07-02 Listed — MRED as Distributed by MLS Grid
• 2007-06-29 Listing Removed — MRED as Distributed by MLS Grid
• 2007-06-22 Listed — MRED as Distributed by MLS Grid
• 2007-06-21 Listing Removed — MRED as Distributed by MLS Grid
• 2007-03-13 Listed — MRED as Distributed by MLS Grid