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:

Does house flipping still pay?

From the article headline, “Does house flipping still pay?” What a great question right now!┬áHere’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

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)

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

2136 w Grand Ave

Closed Amount: $394,000

Closed Date: MAR 1, 2018

Location: 2136 w Grand Avenue, Chicago, IL 60612, West Town

Property Type: Land

Sale Note(s): Off MLS sale, For Sale By Owner (FSBO)

5449 n Spaulding Ave

Closed Amount: $440,000

Closed Date: FEB 20, 2018

Location: 5449 n Spaulding Avenue, Chicago, IL 60625, North Park

Property Type: Two to Four Units, 9 BR, 3 BA

Sale Note(s): Extra-wide two-flat with large bedroom sizes, pretty well-maintained over the years, blocks away from Northside College Prep.

2809 w Ainslie St, #1E

Closed Amount: $300,000

Closed Date: OCT 24, 2017

Location: 2809 w Ainslie Street, Chicago, IL 60625, Lincoln Square

Property Type: Condo, 3 BR, 2 BA

Sale Note(s): Original Price, $314,900; 95% of list price

3033 n Troy Street

Closed Amount: $480,000

Closed Date: JUL 5, 2017

Location: 3033 n Troy Street, Chicago, IL 60618, Avondale

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

Sale Note(s): #1 of multiple offers, negotiated $10,000 credit from Seller