Rehab homes for sale in Chicago that need renovation are a popular way to profit from fixer-upper house.
URB Chicago sells houses ready to rehab in Chicago and most of these properties are vacant and ready to fix up. Some Chicago rehabbers love to find gut rehab properties for sale but we tend to stay away from full gut rehab projects because of the cost of doing extensive repairs.
So what can you do with rehab homes for sale in Chicago? Here are four types of rehab projects people flipping houses for a profit and new single-family home owners are interested in when they buy houses from URB Chicago.
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Whether you rehab homes for sale in Chicago as a fix and flip way to make a profit or for your own home, there are some projects you’ll expect to rehab.
Chicago comes with harsh winters and smoldering summers. This means that things like your roof, water heater, furnace, walls, and foundation must all function. When buying a distressed house for sale or vacant property for sale these are the basic rehab repairs you should dig into before considering cosmetic changes. In fact, without these repairs neither you, nor Chicago house buyers will want to own the home.
Adding curb appeal: When buying houses in Chicago’s southside or westside neighborhoods you can expect to find some architectural gems. Just think about how stately a Greystone looks, or what you can do with a Victorian. What the homes may offer under all that dust, the yards typically lack. Chicago is notorious for small lots and houses built one on top of the other. This is why when flipping a house for profit, curb appeal can be your friend. A wrought iron fence, green grass, a nice porch, and well planted lot can go far to attracting buyers.
Adding value: While expected rehab projects may not bring in a ton of money, there is considerable renovating that will. New siding, windows, bathroom and kitchen renovations will help combine modern conveniences with historic perks. While these projects may be costly, they are also the projects that will turn your handyman special into a profitable rehab home for sale in Chicago.
The things you love: If you are looking for a Chicago fixer upper to make a profit from you might want to leave your personal touches aside. But, if you are rehabbing a single-family home for your family these projects are always fun. Rooms such as wine cellars, basement game rooms, and hot tubs are always a fun touch when trying to find, “Chicago rehab houses near me,” though keep in mind these additions may not bring in the money you’d expect.
URB Chicago has distressed, vacant, and neglected rehab homes for sale in Chicago. We have been selling fixer upper homes for nearly forty years and have a wide selection of single-family homes for sale, multi-unit apartment buildings for sale, commercial real estate for sale, and mixed use properties for sale.
Chicago residents have a lot to celebrate when it comes to a great place to live. From Jackson Park to a wealth of professional sports and of course Chicago deep dish. For homeowners and people flipping houses for profit, Chicago offers some of the most diverse architecture in the country following 150 years of housing booms and yes, even housing busts.
Housing booms in Chicago range from the post-1871 Chicago Great Fire builds of grand Victorians and worker’s cottages that grew into southside neighborhoods like Back of the Yards and West Englewood. The turn of the century through the ‘30s saw growth of 2-flat, 3-flat, and 4-flat apartment buildings, 2-flat wood-frame houses, and of course the bountiful red-brick Chicago bungalows. Another boom came shortly after World War II as small, and quick to build, ramblers began to cover the outer neighborhoods and vacant lots. Today, Chicago is one of the most rehab-friendly cities in the country. But, rehab means something a little different to everyone.
Contact URB Chicago today to find the rehab homes for sale in Chicago waiting for you to fix and flip into a dream home.