SINGLE FAMILY HOMES UNDER $50K? YES I'M NOT KIDDING!
MAY 23, 2010
by: Christine Moscinski, Broker Associate and "House Hunter" at GOBBER Real Living Realty
Gentrification and the "Urban Sprawl"
Investors are grabbing up these properties by the dozens, why not you? It's not what areas are currently “hot markets” or in the best condition - bottom line is "location" - and the so called "urban sprawl" has reached Maywood, Hillside and Berwyn and other Chicago near west suburbs...
I have been approached by REO investors on where the best "deals" are, what areas and what markets are best to invest in now? Its' not magic, it's logic. Some smart investors are taking advantage of the current market in areas that will see new renewal or “rebirth” and Maywood and Bellwood are on that list.
What is happening in the current real estate markets? Change is happening. Who has ever heard of getting a piece of property for $50K these days? But many investors are jumping on the bandwagon and thanks to these rehabbers, areas that were once run down and uncared for have been given facelifts and a promising future. The individuals investing in these areas are giving new life to drawn neighborhoods and realize the future ROI. Bucktown, Wicker Park, Ukrainian Village, Berwyn and Cicero are a few examples. Hillside and Maywood will be the next; with new retail along the 290 and Mannheim, convenient arterial highway access to I-290, I-294 & I-88, I-57; this will be prime real estate years down the line.
My top picks for imminent gentrification areas are in the following markets: *Hillside, Maywood, North Westchester, South Bellwood, Cicero, Berwyn, Park Forest, Matteson, Flossmoor to name a few.
Buy a home under $50K? Who ever heard of such a thing? But with the population growing, land will be a very highly valued commodity in the future.
Smart investors are taking advantage of these market conditions -
And so should YOU.
*Locations are near shopping, highways and only 20 minutes to Chicago.
Christine Moscinski is a Broker Associate and member of The "House Hunters Team" at Gobber Real Living Realty - Specializing in Local Real Estate Markets
If you're ready to invest, you'll need experienced guidance and representation. So call Christine today 708/369-8094 - You'll be glad you did!