$532,500

This Chicago investor saw potential in a distressed property and took on a major renovation project. Purchasing the home for $155,000, they planned an $85,100 renovation to bring it back to life. With a total loan amount of $304,000, the investor worked efficiently to maximize the property’s value. Initially projected to sell for $550,000, the home ultimately closed at $532,500 in August 2024. Spanning from its purchase in November 2023 to its final sale, this project highlights the power of strategic renovations and market timing in a competitive real estate landscape.