The Flip Potential of
823 W 49th Pl Chicago, IL 60609🏡 is medium.

This property in Chicago's Southwest Side presents an interesting opportunity for flipping. Built in 1888, the 744 sq ft single-family home has 4 bedrooms and 1 bathroom on a 3,125 sq ft lot. It last sold in 1995 for $10,000, and current estimates value it around $102,675. The neighborhood's median listing price of $259,000 suggests room for appreciation.

Consider adding space to maximize potential. Comps show expanding to 994 sq ft could increase value to $155,695, a 51% jump. Alternatively, adding a bathroom to make it a 4 bed/2 bath could boost value to $129,387, a 26% increase. Focus on strategic renovations that align with neighborhood standards and buyer preferences to optimize ROI.