Illinois is a beautiful state with an array of opportunities both professionally and recreationally. With homes around the national median price and a higher median profit per flip, it is also a wonderful place to begin your fix-and-flip real estate investment endeavors. Discover more about hard money loans in Illinois to learn about one of the best real estate investment opportunities in the country–and how Kiavi can support you as a partner.
Uncover more about what you need to know about hard money loans in Illinois. Whether you are flipping in Chicago, Naperville, or Springfield, there is an opportunity to grow your business and flourish throughout the state.
Median Price of Homes Sold
$188,000
Number of Homes Purchased for a Flip
11,796 homes
Median Age of Flipped Homes
54 years old
% of Flips Financed with a Loan
33%
Median Loan Amount
$166,000
Median Profit Per Flip
$76,000
Total Number of Active Flippers
5,179 flippers
Total Number of New Flippers
4,057 new flippers
% of Flippers Who Flip Outside of State
8%
Median Number of Days it Takes to Flip a House
144 days
% of Flips Less Than the National Average Sq. Ft.
93%
Median Number of Flips Per Borrower in State
2 flips
Top
10
Illinois Flipping Counties
Check out the top counties in
Illinois
ranked by the largest communities of flippers and discover the number of flips in each.
Rank
County
# of flips 2018
Median Profit per Flip
1
Cook
6,976
$88k
2
Will
777
$79k
3
DuPage
713
$85k
4
Lake
559
$66k
5
Kane
448
$76k
6
Madison
328
$49k
7
St. Clair
317
$42k
8
Winnebago
316
$30k
9
McHenry
282
$72k
10
Champaign
187
$48k
LendingHome:
The Proven Source for
Illinois
Hard Money Loans
Kiavi is making an impact across the Prairie State by supporting every level of investor, from passionate hobbyists to bonafide professionals. We are as accessible as your local lender, but offer the scalability and cost benefit of enormous national scale—funding multiple fix and flips deals simultaneously with the convenience of your next-door lender.
Experience the LendingHome Difference
You can get a hard money loan for your fix-and-flip property in as few as 5 days with our simplified process, premium technology, and committed staff. As the nation's largest hard money lender, Kiavi funded $20 million in loans in Illinois last year alone. Our competitive terms offer you up to 90% of the purchase price, up to 125% rehabilitation with holdback, and fund up to $1 million per deal or $3 million across multiple deals. We are the real estate investing partner that help our customers close deals, grow portfolios, and increase profits.
Why You Should Invest in
Illinois's
Real Estate Market
Boasting an array of vibrant cities, bustling suburbs, and plentiful farmland, Illinois is a midwestern gem. And since it is home to Chicago, it is a main hub to this particular region of the United States where there are impressive education facilities, the arts, access to the Great Lakes, growing businesses, delicious food, and loyal sports fans among the colorful culture. There is also continuous growth in this state since it is the fifth largest economy in the United States, which means there is continuous opportunity for house flipping and building and bettering neighborhoods.