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Can you still flip Northwest Chicago real estate in this market and make a profit?

May 28, 2011 by Goran Utvic Chicago Real Estate Broker 7 Comments

 

Can you still flip Northwest Chicago real estate in this market and make a profit?
treasure chest

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 Toolboxthing 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 - Real Estate Broker/Construction Consultant, My Internet Marketing Strategies and Negotiating Expertise = Best Price For You When Buying or Selling a Home!

Call Now (773) 273-9155

Licensed Real Estate Broker in: Illinois HomeSmart Connect Real Estate 7240 W Devon Ave Chicago, IL 60631

Check Out Some of My Content Below
Chicago 2 Flat Conversion From Start to Finish
Chicago 2 Flats What To Look For When Viewing Before You Buy
Digging Basement of a Chicago 2 Flat
Why Buying a House With an Unfinished Basement is Better
Chicago 2 Flat Renovation - What is a Scope of Work and How to Get One

Filed Under: Foreclosure Articles, Uncategorized Tagged With: Chicago Illinois, Chicago Real Estate, Dakin, Email, Flipping Properties, Foreclosure Listings, Foreclosure Properties, Foreclosure Property, Foreclosures, Grace St, Hesitation, Investors, Market Profits, Melrose St, Money, Northwest Chicago, Ped, People, Profits, Public Records, Realtor, St Chicago

Comments

  1. Michelle George says

    June 12, 2011 at 3:16 am

    Of course, what a splendid site and enlightening posts, I definitely will bookmark your blog.Best Regards!

    Log in to Reply
    • Chicago Real Estate says

      June 21, 2011 at 10:52 pm

      Thank you Michelle.

      Log in to Reply
  2. Reta says

    June 29, 2011 at 11:50 am

    Where exactly is the facebook like button ?

    Log in to Reply
  3. John says

    January 3, 2012 at 6:34 pm

    Hello, Please keep this up! The more we can educate people
    about foreclosures, the faster the market will turn the corner.

    Log in to Reply

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  2. Can you still flip Northwest Chicago real estate in this market … | Real Estate says:
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  3. Foreclosures in Chicago Rehabbed and Sold For a Profit | Chicago Real Estate Reader says:
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My Google Reviews

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Charles Salmen
Charles Salmen
2023-12-16
We met Goran as we were beginning to look for a new home last spring. At the time we were planning to do a full renovation, and Goran was extremely helpful broker & construction adviser. We ended up finding a turnkey home in a neighborhood we loved, and the deal went very smoothly due to all the expert advice we received from Goran on negotiations, inspection, etc. While the new house was under contract, we decided to list our current home and Goran was instrumental in getting it sold in less than a month finding our future buyer from an open house (all during the dreaded end of year timeframe when things seem to really down). Overall, Goran was extremely knowledgeable and easy to work with. We would highly recommend Goran to anyone looking for a hardworking and honest real estate agent.
Ron Ricchio
Ron Ricchio
2023-10-16
Goran was great to work with. Extremely knowledgeable and professional. Communication was also great.
Silvia Flores
Silvia Flores
2023-08-09
Goran, keeps me in the loop about the properties that are out there. This is just what I was looking for.
Peter Rogoz
Peter Rogoz
2023-07-19
Goran helped us find, inspect, and close on our first two flat. He is extremely knowledgeable about the construction of these 100+ year old buildings and offers solid advice at every turn. He negotiated a fair price with the seller's agent and walked us through the entire process. I can't recommend him enough!
mari zapata
mari zapata
2023-06-13
Goran was such a pleasure to work with. I was a bit intimidated by the home buying process given this was my first home purchase. I can't thank him enough for making this such a stress-free experience. With the help of Goran, my brother also closed on his home a few weeks ago. Goran rocks! :)
Levi Laroco
Levi Laroco
2023-05-31
Goran Utvic is a true expert in these 2-flat Deconversions. He is professional and as he will advice you what works and will not work on the project. He will also follow up and help you reevaluate what will work best. My project was a success due to his guidance and brotherly advice. We were fortunate enough to be featured on Season 4, Episode 2 of the HGTV Windy City Rehab. Please check it out
Karen H
Karen H
2021-03-01
Goran exceeded all of my expectations!! He is so knowledgeable and professional in the way he helped me with all questions and concerns. He was very patient with me and always stayed in touch with me when I needed him. He is so good at what he does. I would give him 10 + Stars. It was a pleasure to work with him
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“A very dedicated and smart agent, who will always think on the client’s behalf. When it comes to buying a property, Goran will take his time to … more “
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