The Flip Potential of 8329 S Ada St Chicago, IL🏡 is medium.
Current Specs
3 Bed / 1 Bath
1,200 sqft
$147 per sqft
Estimated Value$176,745
Flip Advice
This 3-bed, 1-bath single-family home in Chicago's Far Southwest Side has moderate flip potential. Built in 1923, it last sold for $94K in 2002 and is now valued around $177K. The property's 1,200 sq ft and 4,725 sq ft lot are smaller than neighborhood averages, potentially limiting value-add opportunities.
Consider adding a bedroom or bathroom to boost value, as comps show significant price increases for 4-bed or 2-bath homes in the area. Focus on cost-effective upgrades to kitchens and bathrooms. Be cautious with extensive renovations, as the neighborhood's median listing price of $270K may cap your resale potential.
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 8329 S Ada St: