This 2-bed, 1-bath ranch in La Grange Highlands sits on a large 0.38-acre lot and is being marketed as a tear-down or major rehab opportunity. At 907 sqft, it's smaller than most comps in the area, which average over 1,100 sqft and 3+ bedrooms. The list price of $295K is below the neighborhood’s average sold price for similar homes, but the value here appears to be mostly in the land.
If you’re an investor, the numbers for a classic flip are tight—comps with one more bed and bath are selling in the low-to-mid $300Ks, and most local flips add square footage. The best play might be a new build or major expansion. For homeowners, focus on curb appeal and basic clean-up to attract buyers looking for a lot to build on or renovate. Don’t over-invest in interior updates.