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2550 n lakeview

The Flippers Are Back! Yay! 2550 N. Lakeview In Lincoln Park

If there is any doubt that the real estate market has changed in 2012, look no further than this story from Crain’s about 2 different flippers in the new construction luxury high rise at 2550 N. Lakeview in Lincoln Park.

We’ve seen plenty of “renovators” or “rehabbers” in the past … Continue reading »

2014 w addison approved

The Quick Flip (of the lot?) in North Center: 2014 W. Addison

Thanks to anon(tfo) who pointed out that the 2-flat at 2014 W. Addison in North Center that we last chattered about in September 2010 when it was a short sale, finally sold and has come back on the market as a flip.

See our 2010 chatter here.

The listing … Continue reading »

1528 s wabash approved

Flipping a Foreclosure: A 2-Bedroom Loft Listed $94,900 Higher 3 Months Later at 1528 S. Wabash in the South Loop

We’ve been chattering about this 2-bedroom loft at 1528 S. Wabash in the South Loop for years.

We watched it go from a “normal” listing, to a short sale, then to a bank owned listing.

Guess what- it’s back!

In our last chatter in December 2011, the bank had dramatically … Continue reading »

What’s Going on in Aqua? 225 N. Columbus in Streeterville

Aqua, at 225 N. Columbus in Streeterville, has won numerous design awards for its exterior.

The building consists of a hotel on the bottom floors (has yet to open), apartments in the middle of the building and 264 condos on the upper floors.

The building, at 82 stories, is … Continue reading »

Flipper Alert: First Flips Appearing in 2 W. Delaware in the Gold Coast

This 2-bedroom unit in the new construction high rise Walton the Park, at 2 W. Delaware, in the Gold Coast recently came on the market just 3 days after its previous closing.

It is a larger corner 2-bedroom unit with a 7×7 den and floor to ceiling windows.… Continue reading »

Trying to Flip One Month Later: 5755 N. Melvina in Norwood Park

This 3-bedroom English Cottage home at 5755 N. Melvina in Norwood Park was bank owned in March 2010 and then sold by the bank in June 2010.

Just a little over one month later, it has returned to the market for $104,900 more than the previous purchase price.

Two out … Continue reading »

Flip This House: A 5-Bedroom Renovated Colonial in Jefferson Park: 5145 N. Lovejoy

This 5-bedroom colonial at 5145 N. Lovejoy in Jefferson Park has been completely renovated so that it has all the amenities of a “new” house.

The kitchen has new 42 inch cabinets, granite counter tops, stainless steel appliances and marble floors.

There are hardwood floors throughout the first floor.

The … Continue reading »

Flipper Alert: 2-Bedroom Gold Coast Townhouse Returns: 820 N. Dearborn

We chattered about this 2-bedroom three story Gold Coast townhouse at 820 N. Dearborn in 2009.

See our July 2009 chatter here.

Back in 2009, it was bank owned and sat on the market for 7 months before finally selling in November 2009. Many of you thought it wouldn’t even … Continue reading »

Flipper Alert: Trying to Flip a 1-Bedroom for $66K Profit: 30 E. Huron in River North

We’ve chattered several times in the past few months about the new breed of condo flippers in Chicago.

No longer are they buying new construction condos at pre-construction prices and then selling for a profit when the building is completed. Now, they are buying foreclosed units from the bank and … Continue reading »

Flipper Alert: Hoping for Six Figure Profit in Irving Park: 4144 N. Ridgeway

This 4-bedroom single family home at 4144 N. Ridgeway in Irving Park was on the market as a bank owned property just 9 months ago.

Purchased and then renovated with a new kitchen, baths, floors and a fresh coat of paint, the house returned to the market asking $279,000 more.… Continue reading »

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