This 5-bed, 2-bath multi-family property in Chicago's Park Manor neighborhood presents moderate flip potential. Built in 1912, it last sold in 2008 for $74,000 and has seen significant value fluctuations since. Recent estimates range from $92,400 to $219,000, indicating market uncertainty but potential upside.
Consider a conservative renovation strategy focused on essential updates to kitchens, bathrooms, and systems. The neighborhood's median listing price of $257,500 suggests room for appreciation. However, be cautious with your budget given the property's age and potential hidden issues. Aim for a total investment (purchase + renovations) under $200,000 to maintain a healthy profit margin.