The Story of1550 Highridge Pkwyin Westchester, IL
A full repositioning, from acquisition through renovation and sale.
Purchase to sale settlement dates
Unfold the story
Closing dates and day-count basis
Purchase to sale settlement dates
August 10, 2022 to March 31, 2023
Purchase and sale settlement dates in the signed/final source records.
A stronger asset, inside and out.
A full repositioning, from acquisition through renovation and sale.
We sourced the property, led the design and renovation, and managed the sale.
The October 2022 worksheet is a post-acquisition renovation model: $124,000 planned rehab and $415,000 projected value. Later project correspondence reports $175,000 in actual rehab. The recorded sale was $500,000.
1550 Highridge Pkwy / original / sold 2023
1550 Highridge Pkwy / completed / sold 2023
Original kitchen
Completed kitchen
1550 Highridge Pkwy, Westchester, IL 60154 · featured residential renovation
The story,
chapter by chapter.
Follow the milestones. Open the record at every turn.
- Before renovation
A major clear-out
The house was packed with belongings. As the crew cleared it out, family photo albums and keepsakes were set aside.
Source context
The clear-out and saved keepsakes are Mike’s account. The linked project photograph documents the property before renovation.
- Aug 10, 2022
Signed purchase settlement
Signed purchase settlement · $177,500
- Aug 23, 2022
The renovation scope
The written scope covered the kitchen and bathrooms, basement living space, decks and balcony, windows, flooring and building systems.
- Sep 7, 2022
A suspected grenade stops the job
During basement demolition, our crew found a suspected grenade and stopped work. Police and the Cook County Bomb Squad responded and removed it.
Source context
Mike identifies this as the Highridge project and recalls the basement discovery and work stoppage. The linked reports confirm the September 7 renovation incident on the same block. Police described the item as a likely WWII training grenade; no injuries were reported.
- Oct 14, 2022
Archived worksheet
Archived worksheet · $124,000 planned rehab; $415,000 projected after-repair value Original assumptions and projections, not achieved results.
- Nov 5, 2022
Rough inspections passed
The contractor reported that framing, plumbing, HVAC and electrical rough inspections had passed. The project was ready for insulation.
- Mar 2023
Completed photographs
The finished property was photographed. On March 27, the before-and-after folders were shared with the village.
- After renovation
Family keepsakes returned
After the renovation, we met with the family at the property, showed them the work and returned the photo albums and keepsakes we’d saved.
Source context
Mike’s account of the family visit and return of keepsakes. The exact visit date is not recorded.
- Mar 31, 2023
Signed sale settlement
Signed sale settlement · $500,000; 233 days after purchase closing
- Aug 21, 2023
Rehab cost reported
$175,000 rehab cost reported in the post-project summary. Earlier progress sheets and paid trade receipts support parts of the work; they do not independently reconcile a final paid total.
The numbers behind the story.
Cost breakdown & source detail
Purchase cost
- $177,500
Purchase price on August 10, 2022, before closing adjustments.
Rehab cost
- $175,000
Rehab cost reported in the August 21, 2023 project summary. Earlier budgets, progress ledgers and trade receipts are supporting stages, not a second cost to add.
Closing costs
- $1,819.50
Purchase fees; an additional $575 “expenses paid” adjustment appears on the settlement and is kept separate from construction.
- $25,136.21
Seller deductions: $17,236 fees and $7,900.21 property-tax items. The tax items are included here, not added again below.
Holding costs
- $7,900.21
Property-tax items already included in sale deductions. Purchase tax credits were $6,991.08; intervening bills and full financing costs are not reconciled into a total.
Sale & outcome
- $500,000
Sale price on March 31, 2023, 233 days after purchase closing. Seller proceeds were $474,863.79, not project profit.
Original financial breakdownFull costs, investor profit & original estimates
These earlier estimates have not been reconciled with the itemized source costs above.
Estimated property result
- Documented acquisition basis
- $177,500
- Documented construction costs
- $175,000
- Estimated closing allowance · 7% of sale
- $35,000.00
- Estimated holding allowance · 8 months × $1,500
- $12,000.00
- Estimated property result
- $100,500.00
Project and capital partner returns
232 days investedAnnualized equivalents reflect the documented acquisition to sale period.
Record reconciliation
- Live dates Aug 17, 2022 and Apr 6, 2023 are recording dates; reviewed signed settlements are Aug 10, 2022 and Mar 31, 2023. Preserve the distinction.
- Live $175,000 construction is a later reported rehab total, not a fully paid-invoice reconciliation.
- Live estimated $100,500 result, 232-day period, partner shares, percentage closing/holding allowances and annualized returns are historical calculations; they are preserved, not revalidated.
Earlier plans and recording dates
Recording dates and early plans, alongside the closing chronology.
- Pre-renovation
Original photographs
- Aug 17, 2022
Recorded acquisition · $177,500
- Oct 14, 2022
Archived worksheet · $124,000 planned rehab; $415,000 projected after-repair value View original analysis ORIGINAL ANALYSIS Archived Oct 14, 2022 · authoring date not stated Archived worksheet · original analysis page; file archived Oct 14, 2022, worksheet itself undated. Recipient names and contact details are removed. Open all pages of the redacted original
- Mar 2023
Completed photographs
- Apr 6, 2023
Recorded disposition · $500,000
Open the paper trail.
Source records, original analysis and supporting history. Private identifiers have been removed.
