8501 Lorel Ave
Burbank, IL 60459
4 bd 2 ba 1,865 sqft Built 1958 Lot 10,594 sqft single_family
Most recent sale
$195,000
Apr 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 27, 2023 | Sold | $355,000 | MRED |
| Aug 31, 2022 | Listed | $359,900 | MLS #11617677 |
| Apr 13, 2022 | Sold | $195,000 | MLS #11358835 |
| Mar 29, 2022 | Listed | $209,500 | MLS #11358835 |
| Feb 16, 2005 | Sold | $79,000 | Public Record |
| Dec 27, 1988 | Sold | $83,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $13,935 | $10,064 | $23,999 | $5,594 |
| 2022 | $9,227 | $8,740 | $17,967 | $5,609 |
| 2021 | $9,227 | $8,740 | $17,967 | $5,401 |
| 2020 | $9,227 | $8,740 | $17,967 | $5,291 |
| 2019 | $11,723 | $7,945 | $19,668 | $5,818 |
| 2018 | $11,723 | $7,945 | $19,668 | $5,650 |
| 2017 | $11,723 | $7,945 | $19,668 | $5,483 |
| 2016 | $7,860 | $6,621 | $14,481 | $4,222 |
| 2015 | $7,860 | $6,621 | $14,481 | $4,022 |
| 2014 | $7,860 | $6,621 | $14,481 | $3,920 |
| 2013 | $12,741 | $6,621 | $19,362 | $5,030 |
| 2012 | $12,741 | $6,621 | $19,362 | $4,871 |
| 2011 | $12,741 | $6,621 | $19,362 | $4,717 |
| 2010 | $12,616 | $6,621 | $19,237 | $4,348 |
| 2009 | $12,616 | $6,621 | $19,237 | $4,258 |
| 2008 | $10,782 | $10,593 | $21,375 | $4,089 |
| 2007 | $11,104 | $9,368 | $20,472 | $4,374 |
| 2006 | $11,104 | $9,368 | $20,472 | $4,304 |
Property facts
Year built
1958
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,865 sqft
Lot size
10,594 sqft
ZIP code
60459
City
Burbank
Street
Lorel Ave
Coordinates
41.73778, -87.75396
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,170
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 8501 Lorel Ave last sell?
8501 Lorel Ave most recently sold on Apr 13, 2022 for $195,000.
What is the current tax assessment for 8501 Lorel Ave?
The most recent total assessment for 8501 Lorel Ave (year 2023) is $23,999 with $5,594 in property tax.
How does 8501 Lorel Ave's assessment compare to its last sale price?
The current assessment is 87.7% below the last sale price of $195,000.
When was 8501 Lorel Ave built?
8501 Lorel Ave was built in 1958.
How does 8501 Lorel Ave compare to others on Lorel Ave?
We track 8 other properties on Lorel Ave. Browse the list under "Other properties on Lorel Ave" to compare beds, baths, and sale history.
What are the property facts for 8501 Lorel Ave?
8501 Lorel Ave is a 4 bed, 2 bath, 1,865 sqft, 10,594 sqft lot single_family.
Is 8501 Lorel Ave a flip candidate?
Yes — 8501 Lorel Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 8501 Lorel Ave a tax-appeal candidate?
No — 8501 Lorel Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.3%
Implied 1-yr
+17.1%
2026 Q3
$427.8K
2026 Q4
$442.1K
ZIP 60459 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lorel Ave