Hey @Zul R. I just sold one a few blocks away in Cobbs Creek, same square footage as the property you bid on; a contractor came in with a bid at $40K for the whole project.
Somewhat similar of a job, demo of a few walls on first floor, re finishing the hardwoods, updating kitchen (ceramic tile flooring and cabinets)and bath(Vinyl flooring), little bit of work on front siding, finishing a basement, dry wall anywhere it's needed included, and removing a back enclosure.
Judging from the small peak of the outside of the one you were looking at, Your deal might have needed some repointing of the brick outside, maybe, maybe not. A lot of deals I move in South Philly need the basement to be dug a few feet. I've never heard anyone refer to $4000 a room, kitchens definitely do not equal bedrooms in terms of spending money.
