The Flip Potential of 253 W Raye Dr Chicago Heights, IL is medium.
Current Specs
4 Bed / 2 Bath
1,026 sqft
$97 per sqft
Estimated Value$100,000
Flip Advice
This 1,026 sqft, 4-bed, 2-bath single-family home in Chicago Heights sits in a market with median prices near $200K and homes selling in about 41 days. With comps for similar properties ranging from $186K to $222K, your current valuation of $100K is well below neighborhood averages, suggesting solid upside if the property is cosmetically outdated or needs repairs. The area’s limited inventory and rising prices make it attractive for investors and sellers alike.
If you’re thinking of flipping, focus on high-impact updates like kitchen, bath, and curb appeal—these tend to move the needle the most around here. For homeowners, a modest refresh and professional staging could help you snag multiple offers, especially with buyers competing in a tight market. Don’t over-renovate; just make it clean, bright, and move-in ready.
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 253 W Raye Dr: