|3417 N Oakley in Roscoe Village and Audubon School district (photo Eric Rojas)|
|Does this scare you?|
My clients were very interested, but, inexperienced with a house needing a lot of gutted areas. I rushed back with one of my trusted contractors, Jon Hill owner of Artistic Construction. We put a ball park of $150,000 to clean up the house and restore it. That included a total gut of the basement shown above and gutting the main floor (living, kitchen and baths). The top two levels needed work too...but it was mostly cosmetic.
My contractor quickly spotted some other issues with load bearing walls in the upper level that may or may not need attention...and would push the renovation budget up a little. All in all though, there was room to do the work and still be able to sell the home for the money you'd have into it in my opinion. I also felt someone could pay $700,000 or so and then renovate.