My Activity

What You Can Find In This Section

From here, look at Categories (e.g. selling or buying), or Tags (e.g. Lincoln Park or Logan Square). You’ll also see various articles or sources cited (with either Category or Tag).

Here, too, are a few videos of listings I’ve sold:

A Green Idea

If you own a single-family home or a 2-4 multi-unit in the City of Chicago, the City wants to encourage you to disconnect your roof downspouts, so as to relieve the storm-sewer system with as much water as we’re getting.

The act of disconnecting is relatively easy, but it should be done carefully and with some fore-thought. What you want to avoid is having storm water seep into your basement, because the downspout is not putting the water flow out far enough from the building foundation. Ideally the property has enough yard space to absorb the water. How great would it be to not have to water the yard as much in the Summer, because the yard gets all the water it needs from nature itself? Pretty great.

Here is a link to City pages, which spell out this idea in more detail:

https://www.cityofchicago.org/city/en/depts/water/supp_info/conservation/downspout_disconnection.html

Here is a link to some history on the City’s storm sewer system:

https://en.wikipedia.org/wiki/Tunnel_and_Reservoir_Plan

Thank you, to Anna S Jacobson, who prompted me to write this post.

https://www.michaelearley.info/deeptunnel/e22ba826d

Chicago Deep_Tunnel_Project-8

Does house flipping still pay?

From the article headline, “Does house flipping still pay?” What a great question right now! Here’s the link from the article in The Real Deal (SEP 6, 2018):

https://trdsofla.com/2wR59RE

It depends on the financing, the location (of course), how much a rehabber pays for a property (let’s avoid multiple offers, shall we), the experience of the rehabber and their connection to quality contractors, the timing of when it’s ultimately offered to the market, and other factors.

According to the article, Chicago’s market for flipping is stronger than other big cities. This would make sense, because at the moment we have pricing of homes in need of improvements below that of what people would pay on the Coasts.

So, let’s pick up a hammer and get to work!

End-unit Townhouse

2418 w Jarvis Ave

Closed Amount: $443,900

Closed Date: AUG 31, 2018

Location: 2418 w Jarvis Avenue, Chicago, IL 60645, West Ridge

Property Type: Two to Four Units, 4 BR, 3 BA

Sale Note(s): FHA loan, $12,000 credit at closing

434 w Aldine, #3F

Closed Amount: $235,500

Closed Date: AUG 7, 2018

Location: 434 w Aldine Avenue, Chicago, IL 60645, West Ridge

Property Type: Condo, 1 BR, 1 BA

Sale Note(s): Original list price, $287,900 (deeded parking sold separate)

649 n Talman Ave

649 n Talman

Closed Amount: $920,000

Closed Date: JUN 14, 2018

Location: 649 n Talman Avenue, Chicago, IL 60612, West Town

Property Type: Single Family Home, 4 BR, 3.5 BA

Sale Note(s): full-gut rehab, two-flat converted to SFH.

3916 w Cortland Ave

Closed Amount: $115,000

Closed Date: MAY 8, 2018

Location: 3916 w Cortland Avenue, Chicago, IL 60647, Logan Square

Property Type: Condo, 1 BR, 1 BA

Sale Note(s): Cash, Investor Buyer

3830 n Damen Ave #2

 

Front Exterior, 3830 n Damen
Front Exterior, 3830 n Damen

Closed Amount: $575,000

Closed Date: APR 6, 2018

Location: 3830 n Damen Avenue, Chicago, IL 60618, North Center

Property Type: Condo, 3 BR, 2 BA

Sale Note(s): 2nd of 3 units, new construction