Chicago Real Estate Broker With Coldwell Banker Residential, Lincoln Park Clybourn
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:
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):
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!
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
Closed Amount: $267,750
Closed Date: JUN 28, 2018
Location: 3550 w Montrose Avenue, #109, Chicago, IL 60618, Albany Park
Property Type: Condo, 2 BR, 2 BA
Sale Note(s): FHA loan, 2nd time (buyer) is the charm
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.
Closed Amount: $550,000
Closed Date: JUN 4, 2018
Location: 2257 n Springfield Avenue, Chicago, IL 60647, Logan Square
Property Type: Two to Four Units, 4 BR, 3 BA
Sale Note(s): Multiple Offers
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
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
Closed Amount: $634,200
Closed Date: MAR 16, 2018
Location: 1084 n Hermitage Avenue, Chicago, IL 60645, West Town
Property Type: Condo, 2 BR, 2 BA
Sale Note(s): 12 days OTM, 97.5% of list price
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