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Red-Hot Real Estate Market Provides Excellent ROI
CHICAGO, Oct. 14, 2013 /PRNewswire/ -- ProfitFromRentals.com (PFR), one of Chicago's most respected real estate companies, is attracting investment to the city from across the nation.
The company, which specializes in redeveloping housing on the city's South Side and offering high quality rentals and investment opportunities, is seeing an upsurge in interest from out-of-state investors.
"Chicago is a large city with one of the hottest real estate markets in the nation right now," said Alex Al-Sabah, Managing Partner of ProfitFromRentals.com. "We have a unique business model that provides investors with turn-key residential 2-4 unit cash flow properties. Having experience and a disciplined approach to consistency gives us an advantage in identifying, improving, renting, and selling properties that is extremely hard to do in other markets across country" he added. "Investors from all over the nation are now becoming partners and owners in our unique portfolio of income-producing properties."
According to the Illinois Association of Realtors, July total home sales reached a volume of 16,012 sales, up from 12,461 sales year-over-year, making this the highest level reached since August 2006.
July's inventory of Illinois homes for sale was down 24.7% from last year. This increased demand has homes flying off the market, with the average time spent on market at 73 days, a 23.2% drop from 95 days in July 2012.
The city of Chicago reported a 31.1% annual increase in home sales from July 2012. Homes in The Windy City spent much less time on the market than one-year prior, down 30.4% from 69 days to 48 days year-over-year.
"Both prices and sales continue to point to a sustained housing market upswing," Al-Sabah noted. 'We are projecting significant long-term appreciation."
ProfitFromRentals.com has a growing selection of turnkey investment opportunities for both the passive and the active investor. Interested parties may find additional information by calling (800)-341-0576, or visiting: www.ProfitFromRentals.com.
ProfitFromRentals.com (PFR) is a leading real estate company specializing in the revitalization and renewal of residential homes in and around Chicago's South Side.
The name of the company was selected because so many people profit and benefit from the company's services: The county gains profits from tax revenues on properties that otherwise would sit vacant; workers benefit from new construction jobs; investors make profits; and renters benefit from getting much nicer quality homes to live in at the same price as normal (un-renovated) units.
The company is highly disciplined in their approach, and currently owns or manages over $23,000,000 of residential assets in South Chicago.
For more information on ProfitFromRentals.com, call (800)-341-0576, or visit: www.ProfitFromRentals.com.
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