This Chicago property presents a moderate opportunity for flipping. Built in 1888, the 744 sq ft single-family home with 4 beds and 1 bath last sold for $10,000 in 1995. Its current estimated value of $102,675 shows significant appreciation. The Southwest Side neighborhood has a median listing price of $259,000, indicating room for potential value increase.
Consider a strategic renovation focusing on modernizing the bathroom and potentially adding another to boost value. Expanding the living space could also be beneficial, as comps show higher valuations for larger homes in the area. However, be cautious of over-improving for the neighborhood. Aim for a total investment (purchase + renovations) under $150,000 to maintain a good profit margin.