Corcoran Urban Real Estate

Chicago Among Top Markets For Flippers

Chicago Among Top Markets For Flippers

According to CoreLogic's latest report, the Chicago Metro area is among the top cities for home flippers in the country.

The report analyzes the top 86 metros in the country and found that the median gross profit for property flippers, those that buy a building, fix it up and then re-sell it, is 68.4 percent or $76,000, enough to land the area the number 18 slot. 

Memphis, TN took the top spot on the list but had a lower level of profit based on percentage and on gross profit, 55.6 percent and $38,466. It had a larger market share of flippers and a shorter time on the market.

For the full list and more, head over to RealtorMag here.