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
The property at 6812 S Prairie Ave, Chicago, is a multi-family unit with 5 bedrooms and 2 baths. Located in the Park Manor neighborhood, it has a solid structure and good square footage of 2262 sqft. However, its current valuation of about $141K is lower than comparable properties in the area, which have higher sale prices. The neighborhood's median listing price is around $225K, suggesting potential but requires significant work to reach market standards.
To improve its flip potential, consider updating both units to modern standards and enhancing curb appeal. Focus on kitchen and bathroom renovations, which typically yield a good ROI. Given the property's size and location, a well-executed renovation could attract buyers looking for multi-family homes, but ensure the budget aligns with the expected sale price to maximize profits.
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: