The Flip Potential of
455 Walnut Ave Elgin, IL is medium.

This historic 3-bed, 1-bath single-family on Walnut Ave is a classic investor special in Elgin, IL. It’s fully gutted inside, making renovation easier, and sits on a spacious double lot with newer roof and siding. Nearby comps in Southwest Elgin show renovated homes of similar size selling for $255K–$355K, with median price per sqft around $190, much higher than the current $90/sqft for this property. Based on the comp data and the discounted list price of $150K, there’s a significant margin for a profitable flip, especially if you can keep rehab costs reasonable.

If you’re an investor, focus on modernizing the interior and upgrading essentials like plumbing and electrical—the hard demo work is already done for you! For current homeowners thinking about selling, strategic renovations (kitchen, bath, curb appeal) could boost the sale price substantially. Don’t go overboard; aim for updates that appeal to today’s buyers in Elgin and stay in line with neighborhood finishes. Always budget for unexpected costs, and consider staging to maximize buyer interest.