This 5-bed, 2-bath multi-family property in Chicago's Park Manor neighborhood presents an interesting flip opportunity. Built in 1912, it offers 2,262 sqft on a 3,187 sqft lot. The property's current valuation of $155,700 is significantly below the neighborhood's median listing price of $264,500, suggesting potential for value appreciation after renovations.
Consider a moderate renovation to maximize ROI. Focus on updating kitchens and bathrooms, as these typically offer the best return. Given the property's age, address any structural issues and modernize systems. The multi-family aspect could appeal to investors looking for rental income. However, be cautious of overimproving for the neighborhood.