The Flip Potential of 6812 S Prairie Ave Chicago, IL 60637🏡 is medium.
Current Specs
Multi-Family
2 Units
5 Bed / 2 Bath
2,262 sqft
$69 per sqft
Estimated Value$155,700
Flip Advice
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.
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 6812 S Prairie Ave: