Flip report generated Dec 27, 2024
The Flip Potential of
5232 Greenwood St Skokie, IL 60077
is medium.
Current Specs
3 Bed / 1 Bath
1,537 sqft
$130 per sqft
Estimated Value$199,900
Flip Advice
This property at 5232 Greenwood St, Skokie, IL, is a fixer-upper with significant potential. The current valuation is approximately $199,900, while nearby comps indicate a median sold price around $476,500. However, the house requires a complete gut rehab due to extensive water and pet damage, which could deter some buyers. With three bedrooms and a spacious yard, its appeal can be maximized through strategic renovations.
If you decide to move forward with the purchase, focus on essential updates to the kitchen and bathroom, along with cosmetic enhancements to increase the property's marketability. Given the neighborhood's demand and the potential for significant ROI after renovations, this could be a worthwhile investment. Aim for a budget-friendly yet modern design to attract buyers looking for move-in-ready homes.
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