Upgradeable Property
This property qualifies for a Renovation Loan with no extra work for the realtor!
6041 W Melrose St, Chicago, IL
Property Cost Analysis
Purchase Cost:
$359,000
Renovation Cost:
$56,000
Upgraded Value:
$456,000
Buyer’s Equity:
$41,000
Comparable Properties
We have identified the following area comparables to demonstrate the upgraded future value shown above.
5737 W School St
Sold for $505K
5941 W Newport Ave
Sold for $475K
5614 W Cornelia Ave
Sold for $460K
Buyers get the house they want... and equity.
Renovation projects are great for:
- Buyers Familiar with HGTV
- Buyers Who Like The Area, But Can’t Find an Affordable House
- First Time Home buyers
PHI are not Realtors and not involved in the sale of these properties.
We provide this free information solely for the benefit of prospective buyers, Realtors, and lenders to expand a current lack of property inventory.
To the best of our knowledge these properties remain available as of the date of publication.