Rehab Estimate Needed

[Nicole R.]

Hello BP,

I have a potential rehab in the works. Its a SFR that needs a significant amount of work. I'm looking for a general idea/estimate from contractors in the Northern suburbs of Chicago regarding how much a gut rehab would be. From what I've read and discussed with others, I am seeing it can range between $70-$90/sq. ft.

It is a small house (~1000 sq. ft. 3 bd/1ba) with a full, unfinished basement. The ARV is there, but I need to make sure my budget is in line with my offering price. Additionally, there may be some mold present in the house so I have the remediation expenses on a separate line item in my budget.

Can anyone provide an estimate of what a gut rehab would cost, please? I've attached some pictures for reference.

Thank you in advance!