{"id":2503,"date":"2024-04-29T11:31:05","date_gmt":"2024-04-29T16:31:05","guid":{"rendered":"https:\/\/tomo.com\/blog\/?p=2503"},"modified":"2024-10-08T10:43:25","modified_gmt":"2024-10-08T15:43:25","slug":"best-cities-for-flipping-houses-in-illinois","status":"publish","type":"post","link":"https:\/\/tomo.com\/blog\/best-cities-for-flipping-houses-in-illinois\/","title":{"rendered":"Best Cities for Flipping Houses in Illinois"},"content":{"rendered":"\n

Curious to know which cities in Illinois<\/a> 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\u00a0Arlington Heights<\/a>,\u00a0Chicago<\/a>,\u00a0Des Plaines<\/a>,\u00a0Joliet<\/a>, Oak Park<\/a>,\u00a0Palatine<\/a>,\u00a0Skokie<\/a>, and\u00a0Aurora<\/a>. You\u2019ll find many cheaper priced homes that would be ideal for flipping.<\/p>\n\n\n\n

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Here is Tomo’s list of best cities in Illinois for flipping houses.<\/strong><\/p>\n\n\n\n

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Rank<\/th>City<\/th>Avg. Initial Purchase Price<\/th>Avg. Resale Price<\/th>Avg. % Change<\/th>Avg. $ Increase<\/th><\/tr><\/thead>
1<\/td>Park Forest<\/a><\/td>$80K<\/td>$200K<\/td>162%<\/td>$119,683<\/td><\/tr>
2<\/td>Sauk Village<\/a><\/td>$72K<\/td>$173K<\/td>155%<\/td>$101,000<\/td><\/tr>
3<\/td>Harvey<\/a><\/td>$79K<\/td>$187K<\/td>154%<\/td>$107,675<\/td><\/tr>
4<\/td>Dolton<\/a><\/td>$95K<\/td>$212K<\/td>138%<\/td>$116,111<\/td><\/tr>
5<\/td>Calumet Park<\/a><\/td>$93K<\/td>$211K<\/td>135%<\/td>$118,614<\/td><\/tr>
6<\/td>Riverdale<\/a><\/td>$98K<\/td>$194K<\/td>134%<\/td>$96,380<\/td><\/tr>
7<\/td>Maywood<\/a><\/td>$129K<\/td>$291K<\/td>132%<\/td>$162,687<\/td><\/tr>
8<\/td>Chicago Heights<\/a><\/td>$106K<\/td>$215K<\/td>126%<\/td>$109,049<\/td><\/tr>
9<\/td>North Chicago<\/a><\/td>$118K<\/td>$228K<\/td>124%<\/td>$109,855<\/td><\/tr>
10<\/td>Calumet City<\/a><\/td>$106K<\/td>$225K<\/td>121%<\/td>$118,648<\/td><\/tr>
11<\/td>South Holland<\/a><\/td>$142K<\/td>$280K<\/td>113%<\/td>$138,978<\/td><\/tr>
12<\/td>Hazel<\/a> <\/a>Crest<\/a><\/td>$116K<\/td>$238K<\/td>108%<\/td>$122,084<\/td><\/tr>
13<\/td>Chicago<\/a><\/td>$203K<\/td>$350K<\/td>107%<\/td>$147,433<\/td><\/tr>
14<\/td>Cicero<\/a><\/td>$165K<\/td>$325K<\/td>106%<\/td>$159,720<\/td><\/tr>
15<\/td>Brookfield<\/a><\/td>$202K<\/td>$397K<\/td>104%<\/td>$194,644<\/td><\/tr>
16<\/td>Lansing<\/a><\/td>$126K<\/td>$249K<\/td>103%<\/td>$122,773<\/td><\/tr>
17<\/td>County Club Hills<\/td>$130K<\/td>$250K<\/td>100%<\/td>$119,080<\/td><\/tr>
18<\/td>Broadview<\/a><\/td>$149K<\/td>$292K<\/td>100%<\/td>$143,600<\/td><\/tr>
19<\/td>Wonder Lake<\/a><\/td>$169K<\/td>$259K<\/td>99%<\/td>$90,544<\/td><\/tr>
20<\/td>Bellwood<\/a><\/td>$137K<\/td>$268K<\/td>97%<\/td>$131,331<\/td><\/tr>
21<\/td>Richton Park<\/a><\/td>$130K<\/td>$255K<\/td>95%<\/td>$124,352<\/td><\/tr>
22<\/td>Spring<\/a> <\/a>Grove<\/a><\/td>$210K<\/td>$352K<\/td>95%<\/td>$142,738<\/td><\/tr>
23<\/td>Zion<\/a><\/td>$139K<\/td>$235K<\/td>92%<\/td>$95,624<\/td><\/tr>
24<\/td>Joliet<\/a><\/td>$140K<\/td>$248K<\/td>90%<\/td>$107,955<\/td><\/tr>
25<\/td>Round Lake Beach<\/a><\/td>$128K<\/td>$234K<\/td>87%<\/td>$106,071<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

What to know more about flipping homes?<\/h3>\n\n\n\n

If you want to flip a house, find cheap homes in your area: Arlington Heights<\/a>, Chicago<\/a>, Des Plaines<\/a>, Joliet<\/a>, Oak Park<\/a>, Palatine<\/a>, Skokie<\/a>, and Aurora<\/a>. <\/p>\n\n\n\n

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Want to know what not to do when flipping a house, see Tomo\u2019s House Flipping Flops<\/a>, or look at House Flipping 101<\/a> for tips.<\/p>\n\n\n\n

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\"\"<\/div>

Joelle Andersen<\/p><\/div><\/div>\n\n

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.<\/div>\n\n\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

Flipping can be a very profitable business, especially in certain cities. Most of these cities in Illinois saw triple digits ROI… <\/p>\n","protected":false},"author":24,"featured_media":2505,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[58],"tags":[],"class_list":["post-2503","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-trends"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/tomo.com\/blog\/wp-content\/uploads\/2024\/04\/illinois-best-home-flips-tomo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2503","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":10,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"predecessor-version":[{"id":3920,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/posts\/2503\/revisions\/3920"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media\/2505"}],"wp:attachment":[{"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tomo.com\/blog\/wp-json\/wp\/v2\/tags?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}