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10
Rent Estimate Climbs to $2,385
Updated 10 days ago • 8 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $2,314 to $2,447. These figures align well with surrounding market trends, offering investors a compelling annual yield of approximately 12.99 percent. With an annual market appreciation estimated at $11,118, this home is a solid candidate for a buy-and-hold strategy. The consistent rental demand in Oak Lawn makes it a reliable asset for steady, long-term cash flow.
More about this home
Neighborhood Assessment
Oak Lawn's 60453 neighborhood shines with solid family appeal—George W. Lieb Elementary rates a strong 7/10, just 0.5 miles away, while you're near shopping, dining, and the Oak Lawn Pavilion. Walkability's decent with sidewalks and street lights; comps like 6750 W 87th Pl at ~$306K and recent sales around $340K show steady demand on similar 10K sqft lots. This area's stable, you know, with low flood/fire risks boosting reliability. Comps average $310K+ for 3-bed homes near 1,200 sqft, pricing this $220K listing as a steal in a convenient spot close to transport.
Market Activity
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Rental Income
$29K
Yield
13.0%
Appreciation
$11K
Year 1 Estimates
Fix-and-Flip
Updating your home creates a compelling competitive advantage. Refreshed properties command roughly 244 dollars per square foot compared to 228 for standard homes. This seven percent lift in value helps your property shine in a crowded market. Modern features consistently attract buyers and support higher potential sale prices. With rental demand remaining steady, this investment enhances your lifestyle while building long-term equity. Updating is a practical, smart move to unlock your home's hidden potential.
Value Add
$20K
Appreciation
$15K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $278,000 and $307,000. Renovations should effectively capitalize on local market trends, pushing the property toward the top tier of comparable neighborhood sales. Projected annual rental income of $32,160 yields an attractive 11% return. With stable market appreciation and strong demand for 3-bedroom rentals, this investment provides a practical path to building equity while maintaining reliable monthly cash flow.
Rental Income
$32K
Yield
11.0%
Appreciation
$15K
Year 1 Estimates, Post Typical Renovation
Estimated value
$220K
$70.1K below comp median
Comparative Market Analysis
$265K – $375K
~49 days to sell
Based on 8 comps
6762 W 87th Pl, Oak Lawn Investment Report: Flip & Rental Analysis · Frontflip