Curious to know which cities in Illinois were best for flipping houses? We were. After looking at thousands of homes that have been bought and sold within 90-365 days (the same property exchanging hands twice between 90-365 days), we narrowed it down to these 25 cities based on return on investment. After perusing this list, check out our listings of cheap homes for sale in Arlington Heights, Chicago, Des Plaines, Joliet, Oak Park, Palatine, Skokie, and Aurora. You’ll find many cheaper priced homes that would be ideal for flipping.
Here is Tomo’s list of best cities in Illinois for flipping houses.
Rank
City
Avg. Initial Purchase Price
Avg. Resale Price
Avg. % Change
Avg. $ Increase
1
Park Forest
$80K
$200K
162%
$119,683
2
Sauk Village
$72K
$173K
155%
$101,000
3
Harvey
$79K
$187K
154%
$107,675
4
Dolton
$95K
$212K
138%
$116,111
5
Calumet Park
$93K
$211K
135%
$118,614
6
Riverdale
$98K
$194K
134%
$96,380
7
Maywood
$129K
$291K
132%
$162,687
8
Chicago Heights
$106K
$215K
126%
$109,049
9
North Chicago
$118K
$228K
124%
$109,855
10
Calumet City
$106K
$225K
121%
$118,648
11
South Holland
$142K
$280K
113%
$138,978
12
Hazel Crest
$116K
$238K
108%
$122,084
13
Chicago
$203K
$350K
107%
$147,433
14
Cicero
$165K
$325K
106%
$159,720
15
Brookfield
$202K
$397K
104%
$194,644
16
Lansing
$126K
$249K
103%
$122,773
17
County Club Hills
$130K
$250K
100%
$119,080
18
Broadview
$149K
$292K
100%
$143,600
19
Wonder Lake
$169K
$259K
99%
$90,544
20
Bellwood
$137K
$268K
97%
$131,331
21
Richton Park
$130K
$255K
95%
$124,352
22
Spring Grove
$210K
$352K
95%
$142,738
23
Zion
$139K
$235K
92%
$95,624
24
Joliet
$140K
$248K
90%
$107,955
25
Round Lake Beach
$128K
$234K
87%
$106,071
What to know more about flipping homes?
If you want to flip a house, find cheap homes in your area: Arlington Heights, Chicago, Des Plaines, Joliet, Oak Park, Palatine, Skokie, and Aurora.
Joelle has worn many hats in her professional career, which included stints at companies such as Time Inc., CNN and Zillow. She loves real estate and is always looking for that perfect investment property. A self-proclaimed interior designer, she lives in a suburb of NY with her architect husband, 4 children and 2 cats.
