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4
Values up to $627K, Rent hits $4,296
Updated 7 days ago • 36 new comps
Your Investment Paths
Turnkey Rental
This condo shows excellent potential as a turnkey rental. Based on local market data, you can expect monthly income ranging between $3,366 and $4,296. These figures align well with current neighborhood demand for two-bedroom units. With a solid projected yield of 6.41%, this property stands out as a strong investment choice. The anticipated annual appreciation of over $29,000 further enhances the long-term value, making this a reliable opportunity for investors.
More about this home
Neighborhood Assessment
East Ukrainian Village is one of those Chicago pockets that quietly delivers both lifestyle and numbers. You’ve got classic walkable city living here – easy access to Division, Chicago Ave, coffee shops, bars, and everyday retail, with good transit into the Loop and Wicker Park. For a 2 bed / 2 bath, 1.45K sqft condo in a 2004 building, it sits in a mature, stable-feeling block with other mid‑2000s condos and multi‑family nearby. Schools are mixed but generally solid for city living: Pritzker Elementary is well‑rated and within about half a mile, while Wells High is weaker, so families with older kids may look at magnets or private options. Climate risk is moderate but manageable, with low fire and wind risk and some long‑term flood/heat exposure that’s pretty typical for Chicago. Price trends and nearby estimates in the 570K–830K range suggest a healthy mid‑to‑upper tier neighborhood with proven buyer and renter demand.
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Rental Income
$46K
Yield
6.4%
Appreciation
$29K
Year 1 Estimates
Fix-and-Flip
Modernizing your condo creates a fantastic lifestyle upgrade that boosts your price per square foot from $428 to $433. This 1.17% improvement helps your home stand out in a competitive market while enhancing daily living. While market shifts occur, refreshing your space is a smart move to capture strong rent potential up to $3,905. Focus on quality finishes to enjoy your home more while building long-term value for future buyers.
Value Add
$7K
Appreciation
$25K
Post Typical Renovation
Buy-Rehab-Rent
This condo shows solid BRR potential with a post-renovation value estimated between $592,000 and $654,000. With a current yield of 7.2%, investors can secure a reliable income stream while benefiting from consistent annual market appreciation. Monthly rental income is projected at $3,748, totaling $44,976 annually. This property balances growth and cash flow effectively, making it a viable target for those seeking stable assets in a competitive, well-established urban market.
Rental Income
$45K
Yield
7.2%
Appreciation
$25K
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
$717K
$184.6K over comp median
Comparative Market Analysis
$475K – $630K
~21 days to sell
Based on 8 comps
1077 N Hermitage Ave #3, Chicago Investment Report: Flip & Rental Analysis · Frontflip