This 7,080 sqft, 6-bed, 2-bath home in Bronzeville sits in a hot Chicago market for flips, but its current valuation of $448K is well below the neighborhood’s median sold price—$1.6M for large properties. However, its $63/sqft price is way under the area’s $214–$218/sqft comps, hinting at big upside if the property’s condition allows for substantial improvements. The size and bed count are competitive for the area, but being an older building (1890) could mean major rehab costs, especially for systems and structure.
If you’re an investor, this property’s low price per square foot is a big opportunity—provided you account for potentially hefty renovation costs, especially for century-old construction. For current owners, focus on essential repairs and cosmetic updates to boost buyer appeal, but avoid over-improving for the area. Either way, pay close attention to inspection results and budget for surprises. A pro-level renovation could close the gap to local comps and deliver a strong ROI.