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Chicago, Distressed »

Distressed Chicago Multi Family Investment Properties

A study by DePaul University’s Institute for Housing Studies found that $3 billion of multi-family property mortgages already are in foreclosure, affecting more than 32,000 rental units in Cook County. This includes both multi unit 2, 3 & 4 Flats as well as multi-family 5+ units.
But that is just the tip of the iceberg in cook county as approximately 38,000 additional single-family homes are already in foreclosure in Cook County. The Institute for Housing Studies predicts that and additional Another $12.6 billion in multi-family mortgages are at risk.
Falling property values …

Chicago »

BU 2.0

Chicago Home Buyers Utopia is the premier online search service for home buyers in the Chicago Area. Since 1996 we have assisted thousands of home buyers and real estate investors with their Chicago Real Estate needs. Simply select the type of property, size, price and areas you’re looking in. We will show you all the active property listings and keep you updated of new listings with e-mail’s. This includes everybody’s listings in the Chicago Real Estate markets — not just ours. When you register for the service you will receive …

International, Lifestyle »

Belize Real Estate

A peaceful, English-speaking country on the Caribbean coast of Central America, Belize is 200 miles south of Cancun and only two hours from 3 major U.S. gateways.  The opportunities here are endless.  Being an adventurer’s paradise you can choose to visit the mainland cities, explore ancient Mayan ruins, experience an incredible colorful array of marine wildlife along the longest barrier reef in the Western Hemisphere, or discover an intriguing mix of tropical forests rich with wildlife.
The …

Funding »

Real Estate Buyers & Investment Loans

The real estate investment loan market has under gone a fundamental reset after the economic crash.  Out are the loose underwriting guidelines that helped perpetuate the real estate bubble and in are very conservative conventional underwriting criteria for funding of investment real estate.  Gone are the low money down and highly speculative option arm and stated programs investors where using in years past and are fully documented, 75-80% LTV programs that require solid FICO scores.   The reality is that for loans for investors ( non-owner occupied properties) is that available …

Markets, Oak Park »

Oak Park Real Estate Market

The Oak Park real estate market on some level is an extension of the Chicago Real Estate market and currently has many interesting opportunities available both for home owners and investment property.
Chicago’s urban tree-canopied suburb of Oak Park offers families and singles an array of comfortable Prairie four-squares, painted Victorians and townhouses & condominium developments alongside Frank Lloyd Wright landmarks.
Just nine miles from downtown Chicago’s financial and commercial center, Oak Park’s residential front-porch neighborhoods are dotted with excellent local schools, recreation centers, and playing fields. One of Chicago’s top schools, …

Chicago »

Downtown Chicago Condo’s Still a Buyers Market

Chicago Real Estate – Downtown Chicago condo’s remain a buyers market with excess inventory that still needs to be absorbed.  Sales volume of downtown condominiums did inch higher however  in the previous quarter as developers continued to cut prices to bring in buyers.
Downtown builders sold 148 condos and townhomes in the last three months of 2009, up from 56 units in the third quarter and a net loss of 253 sales in fourth-quarter 2009, when a large number of buyers canceled sales contracts, according to Appraisal Research Counselors, a Chicago-based …

Chicago, Featured »

Chicago Zip Codes – Chicago Real Estate Listings

Chicago Zip Codes allows comprehensive Chicago real estate updates so you can see all currently available Chicago properties for sale in your zip code.  We update the real estate listings in each Zip Code daily so you can be assured of the most up to the minute data.  Click Here to see a Zip Code Map and view appreciation rates by zip code.  Click on your Zip Code Below for property details!
60625 – Albany Park Zip Code
60827 – Altgeld Gardens Zip Code
60640 – Andersonville Zip Code
60659 – Arcadia Gardens …

Distressed, Investment »

Invest in Commercial Debt not Properties

When you invest in commercial debt properties, you can earn a significant return and the initial investment is far below the par value. In some transactions, you can buy first and second mortgages with higher returns than you could get if you invest in the building and you do not have to concern yourself with issues associated with ownership of the property because you buy the paper. It does not make a difference if there is equity in the property or if the creditors will be the only one who …