Best Places to Flip Houses in Chicago

Flipping houses can be a lucrative enterprise, but only if you know where to look. The Windy City is full of potentially profitable real estate investments and house flipping opportunities.

But where are the best places to flip houses in Chicago? In this brief guide, we’ll explore the wisest neighborhoods for house flippers and help you find affordable properties that are ripe for renovation.

Keep reading below for more! 

Finding Fixer Upper Homes To Flip Houses In Chicago

The first thing you might be asking yourself is how to find flippable for-sale properties. Fortunately, the search process is relatively straightforward. You can break it down into two options:

1. Search Online
2. Contact Real Estate Professionals

If you’d like to cast your net wide, you can try each of these potential solutions. But if you’re determined to find homes quickly, you may want to start with a quick call to real estate professionals. 

However, the most natural place to start might be your preferred search engine. After all, you can browse millions of real estate listings online.

Search Online

There are tons of virtual real estate marketplaces that you can use to make your property search easier. Those looking for houses for sale by owner in Chicago might want to start with this step.

Of course, many bank-owned properties in Chicago aren’t listed on the more prominent online marketplaces. Additionally, boarded-up homes for sale don’t tend to attract many buyers. Many remain unlisted.

As such, you might want to skip the web search and contact a team of real estate professionals. 

Contact Real Estate Professionals

In real estate, timing is crucial. One of the last things you’ll want is to allow an excellent opportunity to slip through your fingers. But DIY searches can take hours, days, or even weeks. 

Real estate professionals can help you find vacant homes for sale quickly and effectively. The expert team at URB Chicago can help expedite your property search and connect you with low-cost, flippable homes in no time. 

Chicago Neighborhoods to Consider

Chicago’s diverse neighborhoods are called community areas. There are 77 such communities located throughout the Windy City.

The best districts for house flippers fluctuate depending on current and projected growth, local school grades, and nearby resources. That said, house flippers may want to focus their attention on a few of these areas.

Chicago neighborhoods to consider include:

• Auburn Gresham
• Bronzeville
• Chatham
• Englewood
• Greater Grand Crossing
• Roseland

Let’s take a quick moment to explore each of these communities in greater detail. That way, you’ll be able to pick lucrative properties more quickly and with increased confidence.

Auburn Gresham

The Auburn Gresham neighborhood primarily consists of small suburban homes and dark brick townhomes. These properties don’t offer much yard space, but they are ideally located near the Rock Island District train line.

Several of the elementary schools in this community are well-rated, making it an alluring area for young families and couples. Thanks to the significant effort of the residents here, crime is relatively low.

Flipping properties here could be a wise choice, especially when you consider the upward momentum of this community area.

Bronzeville

Bronzeville is one of the safer neighborhoods in Chicago. It also sports a wealth of history and culture, making it an attractive destination for homebuyers. 

House flippers that can afford to purchase vacant homes in this area should act immediately. Bronzeville has enjoyed a steady increase in locally-owned restaurants and shops, drawing in both tourists and residents.

This community is also notable for its colorful murals, museums, and well-preserved historic buildings. Overall, it’s a neighborhood that’s blossoming.

Chatham

The Chatham neighborhood is one of the most quintessentially suburban areas in the city. Its mid-century brick homes have a classic charm that continues to attract homebuyers from around the world.

Still, the crime rate in this area is far higher than the national average. Consequently, investors may need to budget for improved security features to entice interested buyers.

Englewood

This Chicago neighborhood’s reputation often precedes it. That’s because it is one of the most dangerous community areas in the city. That said, this area is also home to some dirt-cheap real estate.

Adventurous and confident house flippers may be able to earn a profit by taking run-down properties in the Englewood neighborhood and converting them into top-notch homes.

Greater Grand Crossing

Some neighborhoods develop in the heart of bustling cityscapes. Others sprawl out in suburban hoops and rings. The Greater Grand Crossing neighborhood does a little bit of both.

Originally designed to house railroad workers, this community area has seen recent renovation and revival. Though it still sports many mid-century buildings and landmarks, it’s slowly growing and innovating.

It’s best to snap up properties in this area now before the area’s growth outpaces its available space.

Roseland

The Roseland community area is on the precipice of a major revival. Consequently, it could provide some of the most profitable house flipping opportunities in Chicago.

That said, violent crime is relatively high in this neighborhood due to the high prevalence of abandoned buildings and lackluster range of employment opportunities.

This area’s renovation might be slow-going, which is worth considering.

Unsure which neighborhood suits your needs? You can always select open house showings and discover potential properties firsthand.

That way, you’ll get a feel for each area and be able to make an educated investment decision.

Discover Vacant Homes for Sale Today

Where are the best places to flip houses in Chicago? Some of the Windy City’s most promising neighborhoods include Auburn Gresham, Bronzeville, Chatham, and Englewood.

Of course, there are plenty of other real estate hotspots throughout the city. If you’re searching for low-cost, flippable properties quickly, you may want to contact a team of real estate professionals for assistance.

Are you ready to discover the best Chicago properties for house flipping? If so, don’t hesitate to get in touch with us today. We can’t wait to help!