If you’re looking to find wholesale properties in Chicago, well take out a pen and pad and get ready for the golden nuggets. It’s obvious by now that wholesaling properties in Chicago is what my business is currently doing. Since we have learned the best ways to market deals to reach a wide audience, it’s a sure thing that by giving you these tips, you will be able to find more than just a few properties that are ready for wholesale.
Tips on Investing in Chicago Real Estate
Are you looking for wholesale deals in Chicago? With so many neighbhorhoods and areas to choose from, I know it can get quite tricky. For any investor looking to purchase real estate in Chicago, the first thing they should know is Chicagos vast layout. There is a little bit of something for everyone here in Chicago. I have made general summaries for each side the city has. Each side has its own neighbhorhoods. The south side for example consists of areas like Hyde Park, Chattam, Burnside, South Chicago, Chicago heights, etc.. Hopefully these short descriptions will give you an idea for what to look for and where to start. For investors looking to stay in the north side of chicago, I have broken it down for you.
Here are my tips for anyone starting to wholesale real estate in Chicago
This multi-family home is a must have for any investor looking for a property to fix n hold. Located between Belmont and Cragin neighborhoods in Hansen Park, this property is surrounded by an elementary school and Prosser High School.
This investment property has a total of 4 units plus 2 in-laws. Each unit has 2 bedrooms and 1 bath. Rent in the area run $850-$950. It is possible to make $60,000 in one year on rent!
Chicago Wholesale Deal: Dirt Cheap 2 Flat! Asking 19.9K ARV: 205K
This is a gem! Previous owner had it tuck-pointed, installed a new porch, and installed air ducts with vents still in place! The second floor is a 3:1 with the kitchen, bathroom, and floor needing most of the work. The 2nd floor needs a bit more dryway on the cielings, and the ktichen and bathroom also need to be redone. This investment sports an unfinished basement.The basement has water heaters in tact, as well as the new forced are system. This beauty has a newly built fence around the sides, but needs a new fence in the back yard, and the front. We estimate the repairs around 45k.
Foreclosed homes and HUD homes are listed on websites from where the buyers can also chose the location and type of home to buy. Chicago is a very popular city with many recreational, educational and cultural activities. … These properties are listed in real estate listings auctions and sell very quickly. The HUD homes put up for auction are priced very low and hence have many takers. They provide excellent investing option since mostly the prices quoted are less than …
