The recent sales will be the best indication of the selling price.
In the past three months the McKinley Park single family homes have sold between 160K-$220K. There was also one foreclosure home that sold for $50K.
It is uncommon for a gut rehab house to be listed for sale in McKinley Park. In fact, it is possible that the house you want to sell is in average condition by the neighborhood standards. Most of the homes are over 100 years old and have been gradually fixed up over the years. The existing homes that go on the market are rarely in mint condition.
Two bedroom homes are more difficult to sell in the McKinley Park neighborhood, because buyers are looking for at least three bedrooms. Also, McKinley Park buyers prefer brick homes over frame homes. A location within a few blocks of the Orange Line stop is also preferable to McKinley Park buyers.
There will usually be fewer potential buyers out there loking for a a house needing TLC and it may take longer to sell, but there also may be people looking for such 'bargains'.....if the price is right. The condition of the house may also affect whether buyers can even get a mortgage for it. Getting a mortgage is much more difficult than 3 years ago, even for 'normal' condition houses!
If I knew more details I could give you a more precise answer. Please contact me via my web site.