Chicago foreclosure investing is viable because of the availability of low-priced foreclosures. The average value of a home in Chicago has been cut down by about $27,000 to $49,000 since 2004.
The sharp surge in foreclosures means more opportunities for Chicago foreclosure investing. In the first quarter, more than 9,300 homes in the Chicago area went through public auctions.
Chicago foreclosure investing is made more profitable by efforts of the city to improve neighborhoods. Investors can resell properties at greater profits if they are located in stable and attractive neighborhoods.
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