Also given our economic climate with COVID-19, low inventory, and inflation, we could sell the property and make about 70-100K.

Chicagoland area does have a tough climate for landlords yet because that hill is steep the cash flow and the values that you can find here are really pretty wide but right now you have to look for deals off market. 

Given the current climate with Covid, I know the rental market for students might not be as hot as when they're all on campus but I'm optimistic things will return to normal towards the end of the year.Here's some info regarding the house;-Built new within last 5 years, 6BR/4BA, 2700 sq ft.

Yes, a heat pump will work in your climate.

You have more than enough Market, in a 800,000 Pop city.5Outside or climate controlled?

I have some cash and a solid reno team lined up, but it would appear that in the current climate that's the easy part.

What is the economic climate of the town you are in.

How are you helping investors find/close on cash-flowing properties in such a competitive climate? 

If we were living in a warmer climate, the whole place would have to have been fumigated.

DFD may be your best bet during this current climate as well, unless you are willing and have the opportunity to expand your area--say perhaps Maine.