Remodeling bathroom before sale

[Patrick Ford]

Looking at selling my small condo downtown chicago next year. It’s all updated except the bathroom. I was quoted around $4k for new tile, paint, tub refinish, labor and materials. Is there a rule of thumb to help decide if this will add value to my condo when I do sell next year?  Obviously, market conditions and comps are the main driver, but all things equal, would my unit go for more than an identical unit in the building that sold this year?  It sold for $246k, so assuming I could get greater than $250k after a remodel it MAY be worth it.  

Looking for some thoughts. Thanks!