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8950 S Union Ave, Chicago Investment Report: Flip & Rental Analysis · Frontflip
14
Values up 3%, Rent hits $2,511
Updated 5 days ago • 9 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $2,438 to $2,681. These figures reflect a solid market performance for similar four-bedroom homes in this neighborhood, offering reliable cash flow opportunities for investors. With a compelling rental yield of 12.28% and consistent market appreciation, this investment is well-positioned for long-term growth. The income potential is supported by recent local lease activity, making it a highly attractive option for landlords.
More about this home
Neighborhood Assessment
8950 S Union Ave sits in Chicago's Auburn Gresham neighborhood, a working-class area in zip 60620 with steady comps around 130K-260K for similar 4-bed homes. Ryder Elementary (rating 6/10) is just 0.3 miles away, but Harlan High scores a low 1/10—mixed schools that families watch closely. Walkability's fair with local spots nearby, though no big developments popping up. Comps show solid demand; neighbor at 8956 sold recently, keeping values stable around 250K. It's a Class B spot—blue-collar renters love the affordability, but flood risk (major) and air quality issues could scare some buyers. Still, low taxes at ~2.3K/year make it investor-friendly.
Market Activity
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Rental Income
$31K
Yield
12.3%
Appreciation
$11K
Year 1 Estimates
Fix-and-Flip
Modernizing your home significantly enhances its appeal, helping it stand out to potential buyers. While price per square foot sits at roughly $139 compared to the $141 baseline, this reflects a minor, negligible change of -1.9 percent. Upgrades sharpen your competitive edge, often leading to quicker sales. With rent potential reaching up to $2,786, these improvements create a more desirable living space, offering excellent long-term lifestyle benefits and steady demand for modern, move-in-ready homes.
Comps
15
Buy-Rehab-Rent
The property shows strong BRR potential with a post-renovation value reaching up to $267,000. Investors can expect a solid 12.2% yield, bolstered by a steady monthly rental income estimated at $2,589 for this 1,800-square-foot home. With the market median price currently at $269,000, this asset offers significant rental stability. The 4.3% appreciation rate adds long-term value, making this a practical choice for building consistent cash flow in a steady residential market.
Rental Income
$31K
Yield
12.2%
Appreciation
$11K
Year 1 Estimates, Post Typical Renovation
Estimated value
$250K
$42.5K below comp median
Comparative Market Analysis
$135K – $355K
~52 days to sell
Based on 8 comps