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Values Adjust to $449K-$497K Range
Updated 14 days ago • 3 new comps
Your Investment Paths
Turnkey Rental
This apartment shows solid rental potential in a competitive Chicago market. Based on recent comparable sales and local data, you can expect a monthly income ranging between $1,718 and $2,234 for this unit. With an appreciation rate of roughly 5.5% in this zip code, this property serves as a stable long-term asset. The rental income range provides a reliable stream, making this a balanced opportunity for your portfolio.
More about this home
Neighborhood Assessment
Avondale is one of Chicago’s up-and-coming neighborhoods, offering easy access to public transit, grocers, and eclectic cafés. You’ll see some new developments popping up, and more local businesses opening, which means things are only getting livelier. Walkability's solid—most errands can be tackled on foot, and it’s super close to parks and neighborhood hotspots. Nearby homes are mainly apartments with similar 1-2 bed, 1 bath layouts, hovering around 725–850 sqft. Rents for comparable units hit around $1.4K monthly. Demand’s steady, and the area attracts a mix of young professionals and families, hinting at stable long-term value. Schools are nearby (Reilly Elementary is just a few blocks, Schurz High is a short walk), though school ratings vary.
Market Activity
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Rental Income
$24K
Yield
—
Year 1 Estimates
Fix-and-Flip
Modernizing a home creates a fresh, inviting atmosphere that resonates with buyers. While market trends show a shift in price per square foot from $368 down to $301, updates significantly enhance long-term appeal and marketability. Refreshing your space offers exciting lifestyle benefits, boosting rent potential up to $3,064 monthly. Even with a 18% adjustment in price per square foot, these upgrades help your property shine, ensuring it stays competitive and highly desirable.
Comps
41
Buy-Rehab-Rent
This property offers a promising post-renovation value between $331,000 and $366,000. With a solid projected rental income of $2,638 monthly, the asset delivers a competitive 9.1% yield, positioning it as a steady income-generating vehicle for investors. Market conditions favor long-term growth with a strong 5.5% appreciation rate. Given the balanced renovation potential and robust rental demand in this zip code, this investment represents a reliable opportunity for building lasting equity and cash flow.
Rental Income
$32K
Yield
9.1%
Appreciation
$19K
Year 1 Estimates, Post Typical Renovation
Estimated value
—
Comparative Market Analysis
$250K – $567K
~37 days to sell
Based on 3 comps
3553 N Hamlin Ave #10582127, Chicago Investment Report: Flip & Rental Analysis · Frontflip