Hyde Park

Fix to Rent
Client: SSK Projects
Year: 2013
Status:
Complete
,
Single Family
,
Hyde Park
Nestled in the heart of Hyde Park, a stone's throw from President Obama's residence and mere blocks from the University of Chicago, this 2,500 square foot condo was strategically acquired as a foreclosure. The goal was to enhance its appeal and rental potential by remodeling the kitchen, existing bathrooms, and adding a new bathroom. Targeting University of Chicago graduate students as tenants, the inclusion of individual bathrooms for each tenant was a key strategy to maximize rental potential. Post-renovation, the property's value skyrocketed to three times the initial purchase price, showcasing the success of our strategic investment and renovation approach.
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[ INVESMENT SUMMARY ]

Purchase Price: $70,000

Renovation Cost: $35,00

ARV: $240,000

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[ SCOPE ]

Size: 2500 sq. ft., 3 bed, 3 bath

Kitchen: Remodeled with new cabinetry, stainless steel appliances, countertop, window, and exterior door

Bathrooms: Two full baths and one half bath remodeled with new floor and wall tile, vanity sink, toilet, tub, and shower fixtures

Additional Bathroom: New floor and wall tile, vanity sink, toilet, tub, and shower fixtures

Laundry Room: Added with new washer and dryer

Flooring: Refinished hardwood floors

HVAC: Upgraded with slim-profile radiators throughout

Hyde Park
Hyde Park
Hyde Park
Hyde Park
Hyde Park
Hyde Park