Irving Park has long been a stable and sought after north center neighborhood for Chicago residents. It has a solid mix of commerce, residential housing and decent access to public transportation and the highway. This neighborhood was particularly hard hit by the recent housing bust from 2006-12 and now represents a good buying opportunity for investors. Here are 5 reasons to buy in Irving Park.Read More
2436 W Eastwood Ave, Chicago, IL 60625
This property was purchased by an investor/builder in August 2011 and resold in August 2012. The property had fallen into disrepair and the previous owner sold at or near recent lows in the market.Read More
3722 W Sunnyside Ave, Chicago, IL.
Bank owned property picked up by an investor in late 2011 and resold in July 2012. A nine month hold time between purchase and resell can kill a profit margin but looks like this group had a healthy gross profit margin to work with.Read More
2012 has seen a market where investors and home buyers are going toe to toe on many listings. Inventory is tight, buyers of all types are overwhelming the market and bidding wars are almost expected on anything priced well.Read More
3326 N Troy St, Chicago, IL.
Great vision by this investor. They put out a great product that resold quickly. Single family rehabs are selling at a fast clip in the north and north center Chicago neighborhoods in 2012.Read More
I toured a 3 flat at 1213 West Race (Chicago) with a client today. Listed for $229,900. I don't like it at this price but someone will buy it. The current shortage of inventory makes this appear to be a decent buy but watch out for deals with limited long term upside.Read More
Real estate investors should take a minute to determine how looming higher capital gains taxes will impact their returns in 2013 and beyond.
Beginning January 1, 2013 Medicare taxes will be increased to 3.8% (from 2.9%) and expanded to cover investment income for higher-income individuals.Read More
3918 N Janssen Avenue, Chicago, IL 60613
- 3 Unit Income Property -
What a fun deal to work on. Multiple offers, tons of buyer interest, tough negotiations and in the end, a fair price for both buyer and seller.Read More