The Flip Potential of 8329 S Ada St Chicago, IL🏡 is medium.
Current Specs
3 Bed / 1 Bath
1,200 sqft
$145 per sqft
Estimated Value$173,853
Flip Advice
This 1200 sqft single-family home in Chicago's Far Southwest Side neighborhood has moderate flip potential. Built in 1923, it last sold for $94,000 in 2002 and is currently valued around $174,000. The property's historical value has fluctuated but shown overall appreciation, indicating a potentially profitable investment.
Consider adding a bedroom and bathroom to maximize return. Comps show this could increase the value to around $202,000, a 14% gain. Focus on strategic renovations that align with neighborhood standards. Be cautious of overimproving, as the area's median listing price is $269,900.
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 8329 S Ada St: