The Flip Potential of 5335 N Sherwood Ave Peoria, IL is medium.
Current Specs
3 Bed / 1 Bath
1,304 sqft
$77 per sqft
Estimated Value$99,900
Flip Advice
This 3-bed, 1-bath ranch in Peoria presents strong flip potential with its $99,900 price point, well below the area's average home value of $131,860. Tagged as a 'fixer-upper' with mid-century charm, it offers multiple valuable features including two fireplaces, a three-season porch, and a spacious 0.49-acre lot with two garages, all in the desirable Kellar/Richwoods school district.
Focus on strategic renovations that maximize ROI in this hot Peoria market where homes are selling quickly (20-25 days). Adding a bathroom would yield the highest return based on comp data, potentially increasing value by 17%. The kitchen and bathroom should be primary renovation targets, while preserving character elements like fireplaces and built-ins to appeal to buyers seeking mid-century charm.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 5335 N Sherwood Ave: