Avondale - Chicago SFH - Running Numbers

[Joel Evers]

I know we're in a bit of a buyers market and material costs have gone up, but curious to know what investors are paying for ~1000 sq/ft 4x1 2 story frames with basement, in need of full rehab + additions(1.5 -2 bath) in Avondale?

Here are my calculations: Avondale Flip Quick Analysis
Reno - Adding 1000 sq/ft = $120,000 + update 1800 sq/ft = $90,000 + Buffer = $10,000

[Eric M.]

Originally posted by @Joel Evers:

Hey @Jonathan Klemm -  Thanks for always being so helpful!  These calculations are for a specific property type that's getting top of the market (800K+) after full rehab.   You're right in regards to the buffer! 

I'd be happy to share it with you once I have a property! 

Not sure where exactly in Avondale. It makes a difference. But 800+ is the way tippy tippy top I think.