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24
Values up 8%, Sold Price hits $837K
Updated 12 days ago • 17 new comps
Your Investment Paths
Turnkey Rental
The property shows promising rental potential in this neighborhood. Based on current market data, you can expect a monthly income between $4,782 and $6,141. This range reflects strong demand for 3-bedroom, 3-bathroom units in Chicago. With an impressive estimated yield of 9.23%, this investment offers a compelling return. Annual appreciation remains solid at $28,962, making this an attractive option for long-term growth and consistent monthly cash flow for your portfolio.
More about this home
Neighborhood Assessment
Wicker Park's got that prime Chicago vibe—super walkable with Division Street's buzzing restaurants, bars, and shops right outside your door. You're a 10-min stroll to the Damen Blue Line, and Pritzker Elementary (7/10 rating) is just 0.2 miles away. Nearby comps like 2033 W Crystal #1 at ~$905K show strong values for similar 3-bed/3-bath, 2400 sqft condos. It's an exceptional block, you know, where location drives everything.
Market Activity
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Rental Income
$66K
Yield
9.2%
Appreciation
$29K
Year 1 Estimates
Fix-and-Flip
Modernizing a home offers clear benefits for daily living. While updated properties show a price per square foot of 335 dollars compared to 350 dollars baseline, refreshing a space helps it stand out to prospective buyers. This investment creates a polished, turn-key environment that appeals to modern tastes. With solid rent potential reaching 4994 dollars, updating your home unlocks fresh lifestyle possibilities and creates a more competitive, desirable property in this neighborhood.
Comps
41
Buy-Rehab-Rent
This condo offers solid BRR potential with a post-renovation value estimated between $763,000 and $843,000. Leveraging a 2,400 square-foot layout, investors can target a stable market position in a desirable area with strong appreciation upside. Projected rental income hits $4,639 monthly, delivering a 6.9% yield. While the flip potential is currently muted, the long-term rental performance remains compelling, making this a reliable asset for a buy-and-hold strategy focused on steady cash flow.
Rental Income
$56K
Yield
6.9%
Appreciation
$33K
Year 1 Estimates, Post Typical Renovation
Estimated value
$710K
$127.5K below comp median
Comparative Market Analysis
$650K – $1.2M
~43 days to sell
Based on 8 comps
2031 W Crystal St #1, Chicago Investment Report: Flip & Rental Analysis · Frontflip