The Flip Potential of
823 W 49th Pl Chicago, IL 60609🏡 is medium.

This 4-bed, 1-bath single-family home in Chicago's Southwest Side neighborhood has moderate flip potential. Built in 1888, it's an older property that may need significant updates. The home's current estimated value of $102,675 is well below the neighborhood's median listing price of $259,000, suggesting room for appreciation with strategic improvements.

Consider adding a bathroom and expanding the living space to maximize value. Comps show that 5-bed, 2-bath homes in a 0.5-mile radius sell for an average of $266,140, while properties with increased square footage (avg. 1,013 sq ft) in a 1-mile radius average $213,511. Focus on modernizing key areas like the kitchen and bathroom while preserving any charming historic features to appeal to buyers in this up-and-coming area.