$239,000

An investor in Chicago, IL set out to transform a distressed property with a purchase price of $92,000 and a renovation budget of $80,789. With a total loan amount of $146,530, the project had a projected ARV of $235,000. While the investor successfully renovated and sold the home for $239,000, unexpected delays stretched the timeline from the original 9-month plan to 22 months. The extended hold time impacted profitability, highlighting the importance of efficient project management and market timing. Despite the challenges, the investor completed a quality renovation and gained valuable experience for future projects.