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 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.
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: