This 5-bed, 2-bath multi-family property in Chicago's Park Manor neighborhood has moderate flip potential. Built in 1908, it offers 2,448 sqft on a 3,100 sqft lot. The current valuation of $247,700 is below the neighborhood's median listing price of $257,500, suggesting room for value-add improvements.
Consider a light renovation to boost the property's value. Focus on cosmetic updates and essential repairs to maximize ROI. Adding a bedroom or bathroom could increase value by 5-7%, but ensure the cost-benefit analysis justifies major changes. Given the property's age, prioritize addressing any potential structural or system issues before aesthetic upgrades.