Second City Developers, LLC

Second City Developers, LLC Illinois Real Estate - Chicago and Northwest suburbs. Investments - Construction - Consulting

Another successful flip in Lynwood. $299k list, multiple offers over ask.
05/14/2025

Another successful flip in Lynwood. $299k list, multiple offers over ask.

The Round Lake flip just hit the market 🤞🏾
09/26/2024

The Round Lake flip just hit the market 🤞🏾

Michigan flip getting ready for market 😁
03/09/2024

Michigan flip getting ready for market 😁

12/17/2023
Listing this Tuesday…
08/03/2023

Listing this Tuesday…

Wrapping up in Libertyville!
07/19/2023

Wrapping up in Libertyville!

Our Libertyville project is a few weeks from completion. DM if you’re looking for a 4BR/2.5BA across from Independence G...
05/26/2023

Our Libertyville project is a few weeks from completion. DM if you’re looking for a 4BR/2.5BA across from Independence Grove in Libertyville

01/31/2023

I will be speaking at Windy City REI’s Networking event on 2/26/23 @ Navigator Taproom in Logan Square. We’ll take an in depth look at the flipping process. From how I find off market inventory, the process I use to analyze the deal, funding strategies and how to build out the construction budget.

I’ll also walk you through my most recent completed flip. We’ll review my initial analysis before purchase and compare it to the final result.

There will be no bread crumbing nor will there be a guru class to sign up for afterwards. This is a free event with no expectations.

Make sure to bring your laptop or something to take notes with as I hope to provide a ton of value to the group!

11/11/2022

Off Market Flip in Cary, IL
Low cost investment with big returns

Address:
147 Cherry St., Cary, IL

Purchase Price: $110k
Rehab Cost: $40k
ARV: $220k+
BR: 2
BA: 1.5BA
Basement Finished: Yes
Taxes: $2,990 (2021)
Year Built: 1958
Lot Sq Ft: 9,160
Rehab Level: Cosmetic
Rehab Time: 30 Days

Pics:
https://drive.google.com/drive/folders/14Pf-R3X8bXd9LSFC3FrDz9D6lTDiMg03

Comps:

140 Park Ave CLSD @ $216k in 4 days (11/19/21)
Notes: The property is cleaner than the subject property. Dated/Not rehabbed. Finished basement. 1BA. Subject property is 1.5BA.

103 Cherry St CLSD @ $234,043 in 7 days (from when priced correctly) (6/17/22). There was a $14,042 credit given so a true $220k sale.
Notes: Closest comp to the subject property. Same street. Same footprint. This property has been rehabbed. Clean but not finished basement. 1BA. Subject property has 1.5BA w/a finished basement.

125 Burton CLSD @ $245k in 9 days (2/21/22)
Notes: This property is larger than the subject property with 1 extra BR. This property is also brick while the subject property is cedar.

Address

71 W Hubbard #2412
Chicago, IL
60654

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