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2 Chicagoland neighborhoods among best opportunity markets in U.S.

by Peter Thomas Ricci

cicero-chicago-housing-market

Both Cicero and Alsip offer some of the best housing opportunities in the country, according to a new analysis from RealtyTrac.

In its report, RealtyTrac analyzed 3,561 ZIP codes nationwide, focusing on areas with: at least 2,500 residents; an increase in construction loans from last year; an average home flipping return of at least 60 percent; and where Millennials comprised at least 25 percent of the total population.

Under those standards, Cicero was the No. 6 opportunity market in the country, with a flipping ROI of 139 percent, or an average of $101,000. Alsip was close behind at No. 15, with an ROI of 104 percent, or $80,750.

Click on the tabs below to adjust between RealtyTrac’s top 10 and the two Chicagoland markets in the report:

City/ZIP Flipping Gross ROI – 2015 Flipping Gross Profit – 2015 Q1 2016 Negative Equity Rate
East Saint Louis – 62206 227% $25,500 35.3%
Baltimore – 21218 187% $100,925 22.4%
Charlotte – 28206 180% $53,000 16.7%
Jacksonville – 32211 155% $69,900 29.9%
Plainfield – 07060 147% $169,000 33.8%
Cicero – 60804 139% $101,000 39.2%
Philadelphia – 19146 138% $110,000 16.3%
Riverdale – 20737 136% $124,000 18%
Milwaukee – 533224 123% $70,600 19.9%
Decatur – 30032 122% $55,000 41.8%
City/ZIP Flipping Gross ROI – 2015 Flipping Gross Profit – 2015 Q1 2016 Negative Equity Rate
Cicero – 60804 139% $101,000 39.2%
Alsip – 60803 104% $80,750 38.6%

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