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

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

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.

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

3830 n Damen Ave, #3

 

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

Closed Amount: $674,000

Closed Date: MAR 16, 2018

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

Property Type: Condo, 3 BR, 2 BA

Sale Note(s): 1st of 3 units, new construction

3559 w Montrose Ave, #3W

Closed Amount: $275,000

Closed Date: JAN 25, 2018

Location: 3559 w Montrose Avenue, #3W, Chicago, IL 60618, Irving Park

Property Type: Condo, 2 BR, 2 BA

Sale Note(s): Twice under contract; closed price 100% of list price, 135 days OTM