Can you still flip Northwest Chicago real estate in this market and make a profit?
Every time I come across a good deal and contact Investors I get a lot of hesitation...unlike the late 90's and early 2000's when everybody wanted a piece of the action. Well believe it or not, Investors are flipping properties now in this market and making more profits than they ever have!...because a lot of people are hesitant and do not think there is money to be made. That's exactly what the investors that flipped the properties listed below want you to keep on thinking!
You don't have to take my word for it, look up the public records for yourself...or email me I'll send you the MLS Sheets
5210 W Grace St. Chicago, IL 60641 Bought for $118,150 on 11/05/2010 as a foreclosure...property was remodeled and flipped on 2/28/2011 Sold for $242,000 under contract in 9 days!
5758 W Dakin St , Chicago, Illinois 60634 Bought for $125,000 (foreclosure) on 12/15/2010 flipped and Sold 4/26/2011 for $252,000 under contract in 8 days!
6325 W Melrose St, Chicago, Illinois 60634 Bought for $105,000 (foreclosure) on 12/30/2010 flipped and Sold 5/11/2011 for $230,000 under contract in 4 days!
One thing these Investors had in common is that they worked with a Realtor that gave them access to foreclosure listings. You can get setup to receive REO foreclosures property listings here
If you email me I'll send you the MLS sheets so you can see for yourself with before and after pictures that show what work was done to these foreclosure properties.
Goran Utvic, Chicagoland Brokers Inc
Chicago Real Estate Broker
Chicago Real Estate For Sale: