Case Study – Home renovation on Hollywood Street – Chicago, IL
Project in Brief
203k Renovation Loan Program
Project Duration
5 months
Purchase Price
$139,680
Total Loan Amount
$409,680
Home Size:
2,500 SF
Overview:
This home was court ordered to be demolished by the City of Chicago. The borrower found this property and wanted to purchase as it was in the right neighborhood and the perfect commute to work. The property was taken down to its foundation in order to build a new, modern 2-story framed home with a detached garage. New kitchen, 2 full baths and concrete poured, heated flooring was installed in addition to Hardi-board siding, aluminum windows and TPO energy-efficient roofing system. The renovation of this home revitalized the neighborhood and neighbors were thrilled at the value this added to their own properties!