The Flip Potential of 823 W 49th Pl Chicago, IL🏡 is medium.
Current Specs
4 Bed / 1 Bath
744 sqft
$138 per sqft
Estimated Value$102,664
Flip Advice
This 1888-built single-family home in Chicago's Southwest Side neighborhood presents an interesting flip opportunity. With 4 beds, 1 bath, and 744 sqft, it's smaller than average for the area. The property's last sale in 1995 for $10K suggests potential for significant value increase, especially given current estimates around $100K.
Consider adding space to maximize value. Comps show a 54% increase for similar expansions, potentially boosting the property to $158K. Alternatively, adding a bedroom and bath could yield a 25% increase to $128K. Focus on modernizing key areas like the kitchen and bathroom to appeal to today's buyers.
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 823 W 49th Pl: