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Chicago Foreclosure Listings Update for March 29, 2013

March 29, 2013 by Goran Utvic Chicago Real Estate Broker 1 Comment

43 Chicago area foreclosures in this weeks Chicago Foreclosure Listings Update for 3/29/2013.

Chicago brick 2 flat foreclosure in Portage Park around Milwaukee and Montrose. Over 2,000 square foot. List price is $120,000.

Morton Grove foreclosure…this brick bi-level has 3 bedrooms and 2 baths with just under 1,400 square foot listed for $200,000.

Chicago bungalow foreclosure in Belmont Cragin for $101,000. Great rehab opportunity.

Another brick Chicago Bungalow foreclosure located at Addison and Narragansett listed for $139,900.

Irving Park 2 flat foreclosure 2000sf with a high basement. Excellent investment opprotunity or to convert to single family with similar rehabbed properties are selling for well over $400k!

Get this weeks Chicago Foreclosure Listings Update at http://ilbankhomes.com

Watch this Chicago forecloure update on Youtube

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: Chicago Real Estate Listings, Foreclosure Articles Tagged With: Addison, Baths, Bedrooms, Belmont Cragin, Chicago Area, Chicago Brick, Chicago Bungalow, Foreclosure Listings, Foreclosures, Irving Park, Level 3, Milwaukee, Montrose, Morton Grove, Narragansett, Opportunity, Opprotunity, Portage Park, Rehab, Single Family

Why a Fannie Mae Foreclosure in Chicago?

March 18, 2013 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Fannie Mae foreclosures are great for owner occupants and investors.

Most of the homes qualify for HomePath financing which in my opinion is one of the best loans for first time buyers looking to buy a foreclosure in the Chicago area.

Call or Text 312-217-4354 for info

Here are some of the benefits for HomePath financing:

  • As low as 3% Down Payment…the down payment can be from you, a gift, or a loan from a down payment assistance program too.

 

  • Less Than Perfect Credit is OK

 

  • No Appraisals Are Required for HomePath Financing

 

  • No Monthly Mortgage Insurance

The First Step is Getting Approved for HomePath Financing and You’ll be on Your Way to Finding a Great Chicago Foreclosure Deal in NO Time!

Call or Text 312-217-4354 to Get Started

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: Chicago Real Estate Listings, Financing Options, Foreclosure Articles Tagged With: Appraisals, Chicago Area, Chicago foreclosure listings, Down Payment Assistance, Down Payment Assistance Program, Fannie Mae, First Time Buyers, Foreclosure, Foreclosures, Insurance, Investors, Loan Payment, Loans For First Time Buyers, Mortgage Insurance, Owner Occupants, Payment Assistance Program

Chicago Foreclosure Listings 3-8-2013

March 8, 2013 by Goran Utvic Chicago Real Estate Broker Leave a Comment

http://ilbankhomes.com
24 Chicago area foreclosure deals in this weeks list.

Brick 2 flat on Grand Ave between Austin and Naragansett for $92,700. 2,200 square foot 2 unit building.

Over 1,400 square foot 4 bedroom 2 bath Portage Park foreclosure home listed for $114,900.

Portage Park neighborhood 4 bedroom 2 bath brick ranch over 1,300 square foot fore sale for $163,900.

Newer construction townhome foreclosure in Glenview 2,700 square foot with 3 bed and 2.5 bath under $350,000.

Get this weeks Chicago Foreclosure Listings Update at http://ilbankhomes.com

Watch Chicago Foreclosure Listings Update on YouTube

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: Chicago Real Estate Listings, Foreclosure Articles, Uncategorized Tagged With: 163, Bath Brick, Brick Ranch, Chicago Area, Chicago Foreclosures, Chicago Real Estate, Foreclosure Deals, Foreclosure Listings, Naragansett, Park Neighborhood, Portage Park, Square Foot

Foreclosures in Chicago Rehabbed and Sold For a Profit

June 28, 2011 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Foreclosures in Chicago Rehabbed and Sold For a Profit

Link to form mentioned in video above–> http://goo.gl/dDSPkI

or call Goran Utvic at 312-217-4354

Is it possible to make money flipping foreclosures in this market? Most people think the answer is no…well I say YES!…it is being done in this market and smart investors are making big money buying foreclosures in the Chicago area, rehabbing them and selling for massive profits! I wrote a previous post:

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

Since then I have done more research and I wanted to post what I have found.

The first foreclosure property…5113 W Melrose Ave , Chicago, Illinois 60641… a 3 bedroom 1 bath Chicago Bungalow, sold on 11/22/2010 for $90,000 the foreclosure was rehabbed completely to a 5 bedroom 2 bath home and sold on 5/27/2011 for $239,900 – market time 2 days!  …see for yourself here => Chicago Foreclosures Before and After Sheet

 

 

Foreclosure number two…5814 W School St, Chicago, IL 60634 a 4 bedroom 1.5 bath brick Chicago Bungalow was bought for $110,000 on 1/3/2011…the home was rehabbed to a 3 bedroom 2 bath and sold on 6/3/2011 for $230,000 market time 47 days! …see for yourself => Chicago Foreclosures Before and After Sheet

 

 

Foreclosure three…a 4 bedroom 2.5 bath brick Chicago Bungalow at 3616 N Luna Ave, Chicago, IL 60641 purchased for $120,750 on 12/22/2010 completely rehabbed to a 4 bedroom 3 bath and sold for $270,000 on 6/17/2011 – market time 19 days! …see for yourself => Chicago Foreclosures Before and After Sheet

 

Foreclosure number four…4838 W Cornelia St, Chicago, IL 60641 was a 2 bedroom 2 bath that was purchased for $130,000 rehabbed to a 3 bedroom 3 bath and sold for $310,000 on 5/24/2011 – market time 21 days!
You are probably wondering how extensive the rehabs were…well I can tell you the work that was done was very good and higher end. …see for yourself =>Chicago Foreclosures Before and After Sheet

The kitchens were opened up with tall cabinets stainless steel appliances and granite counters. The bathrooms have quality tiles like travertine and glass mosaics, cherry wood vanities and cast iron tubs.  The walls, floors, doors and trim were all refinished. The basements were completely finished with ceramic tile floors and drywall.

In other words, none of the examples I have shown you are handyman type repairs, they were rehabbed by professionals. The short market time is an indicator of the kind of quality work that was done…this is the key…the more the prospective buyer is WOWed when viewing the property the first time…the quicker the rehabbed foreclosure sells! and the quicker you sell the more the profit.

I don’t know about you but, if you are as excited as I am with the possibilities, you can start here with your Chicago Foreclosures search!

View my Chicago Foreclosure Case Study Video Here!

   
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: Bath Brick, Buying Foreclosures, Cast Iron Tubs, Ceramic Tile, Ceramic Tile Floor, Ceramic Tile Floors, Cherry Wood, Chicago Area, Chicago Bungalow, Chicago Foreclosures, Chicago Illinois, Chicago Real Estate, Cornelia St, Flipping Foreclosures, Foreclosure Property, Foreclosures In Chicago, Glass Mosaics, Granite Counters, Kitchens, Market Time, Massive Profits, Melrose Ave, Northwest Chicago, Quality Tiles, Rehabs, Smart Investors, St Chicago, Stainless Steel Appliances, Tall Cabinets, Time 2

Chicago Real Estate | Condos For Sale in Chicago

June 15, 2011 by Goran Utvic Chicago Real Estate Broker Leave a Comment

Chicago Real Estate | Condos For Sale in Chicago

Market activity for condos in the northwest Chicago area –  there are currently 653 condo units available for sale with an average listing price of $159,624… 240 condos sold in northwest Chicago in the past 6 months with the average sale prices of $119,262…On average the condos for sale in the Chicago real estate market time is 200 days…Price range of northwest Chicago Condos…$16,500 – $553,900.

Take a look at our easy-to-use map search below for northwest Chicago condo listings for sale or make your life easier with Chicago condo properties sent directly to your email’s inbox with our Property Alert System


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: Chicago Real Estate Listings, Uncategorized Tagged With: Chicago Area, Chicago Chicago, Chicago Condos, Chicago Market, Chicago Real Estate, Condo Listings, Condo Properties, Condos For Sale, Condos For Sale In Chicago, Email, Estate Sale, Inbox, Map Chicago, Map Search, Market Time, Northwest Chicago, Real Estate Condos, Real Estate Market

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