07/24/2026
The Dream Team Listing – How updating a vintage Englewood home added $167,000 vs. the wholesale offer on the table.
The property: A 1920s-era Englewood greystone. 23 years of ownership, deferred maintenance, original mechanical systems. Two wholesale cash offers in hand: $145,000.
The homeowner made one more call.
What our integrated team delivered:
Agent analysis: Pre-renovation comparable sales showed market potential of $270,000-$310,000 with strategic updates. Identified architectural features — original crown molding, hardwood floors, exposed brick — as premium marketing assets that wholesale buyers systematically discount.
General Contractor scope: $38,000 targeted renovation. Updated kitchen and bathrooms, exterior tuckpointing, new windows, full interior and exterior paint. Budget disciplined to avoid over-improvement beyond neighborhood comps.
HVAC upgrade: Failed R-410A system replaced with high-efficiency heat pump. $9,800 investment. Projected monthly utility savings of $190 disclosed to buyers. Converted from a liability into a featured selling point.
Results: Listed at $279,000. Final sale price: $312,000. Cash difference vs. wholesale offer: $167,000.
The RICHM Experience is not just a transaction. It is a wealth-building strategy.
If you have a vintage Chicago property and want to understand your true market potential before accepting any offer — contact us first.
Free consultation at www.richmmgmt.com
Richard Moody
"Let's Find Your Home"