Illinois Real Estate Market Report

The Illinois Real Estate Market Report provides you with an in-depth look at the current market in Illinois and can give you great insight if you’re looking to secure a hard or private money loan. All data and statistics in the market report are updated monthly and obtained from Local Market Monitor. We are providing this great tool for FREE to anyone in the Real Estate industry to assist you with determining where the best market in Illinois is to purchase your next fix to flip or rental property. In the market report, you can find the average home price in Illinois and compare the population of the MSA areas within the state. Along with the average home price, you can also view the Single-Family Housing Permit statistics and the Multi-Family Housing Permit statistics.

A really great statistic that can be of value to you in determining where your next rental property purchase will be is the Current Monthly Rent amount, along with the Rent-Home price ratio and the Rent Forecast. These are three very valuable statistics that will allow you to be more knowledgeable about the Illinois real estate market and allow you to be the most successful in building your investment portfolio.

Also available to you in the market report is the percent of population growth as well as the percent of the 12-month change. Another great data point that you can find in the market report is the unemployment rate along with the percent job growth within Illinois.

BridgeWell Capital: Illinois’s Hard Money Lender

TRUE Private Money! BridgeWell Capital offers Hard money loans for Real Estate Investors in Illinois. We pride ourselves in being the preferred source of capital for Investors.

One of the common problems faced by Real Estate Investors in Illinois is that they often lack the capital to finance their deals. It is no secret that Illinois offers great bargains to real Investors, but those that use hard money are the most successful. Hard money provides immediate access to the investment capital you need to take advantage of Illinois’s real estate deals.

With BridgeWell Capital, you will find the fastest and easiest source of hard money funding for your real estate investments. Our flexible loan terms are tailored for entrepreneurs investing in buy-fix-sell projects, investor refinance, buy and hold projects, and rehab credit lines. See our loan programs for more details.

One of the main benefits of our hard money loan program is that we can approve Investors quickly and easily. While banks and other conventional lenders repeatedly deny applicants for their credit score, because they are self-employed or for recent foreclosures or short sales, BridgeWell Capital does not consider these factors when approving hard money loans. Instead, a significant down payment, a solid income and your ability to succeed is all we are looking for.

That’s right! We are looking for your success and we believe our hard money loans program can give you the leg-up you need to successfully enter Illinois’s growing and competitive market.

How is BridgeWell Capital Unique from Other Hard Money Lenders in Illinois?

Consistent, Responsive, and Reliable Service: At BridgeWell Capital, we pride ourselves on providing unparalleled customer service. We walk you through the entire process, so you know exactly what to expect. If you have questions, your personal account executive is always available and ready to assist you. In fact, a strong percentage of our business comes from repeat customers. Simply put, once you’ve done business with BridgeWell Capital, you won’t go anywhere else for your real estate investment hard money loans. See our testimonials.

Experience: With over 30 years of real estate investment experience, our management team sets industry standards, having successfully funded over $500 Million in hard money loans for real estate investors.

Support and Coaching: We strive to be more than just a source of hard money for real estate investments. Our hard money loans are structured around win-win business relationships with our borrowers. We want you to be successful in your investments, so we provide you with all the support and real estate industry best practices you need to make smart, confident investment decisions. From rehab to rental, BridgeWell’s got you covered.

Licensed Mortgage Lender: Unlike other hard money lenders in Illinois, BridgeWell Capital is a fully-licensed and insured mortgage lender that’s A+ rated by the Better Business Bureau.

Wide Service Area: We provide hard money loans throughout Illinois, including but not limited to; Chicago, Aurora, Rockford, Joliet, Naperville, Springfield, Peoria, Elgin, Waukegan, and Cicero.

Illinois’s Real Estate Market

Illinois is a thriving hub for real estate investments, boasting rapid growth and robust demand in all core business sectors. Recent years have seen a significant recovery and redevelopment in the real estate market, surpassing national trends. The volume of transactions and rising home sales prices indicate a prime time for investments.

Recent data highlight the vibrant market conditions, with notable increases in home sales and prices, as well as a reduction in the days on market. Keeping abreast of these trends will enable smarter investment choices and a more prosperous investment portfolio. Stay updated on local market trends and indicators to enhance your investment strategies, available on platforms like Zillow or Trulia.

Illinois Demographics

Demographic trends in Illinois support a strong real estate market, particularly with an increasing senior population that demands accessible and affordable housing. As cities like Chicago, Aurora, and Springfield become prime retirement destinations, the real estate market is expected to benefit significantly.

Real Estate Investor Associations in Illinois (and surrounding areas)

We always encourage getting involved in the local/regional real estate investment community. Whether you do or not won’t have any effect on your ability to secure hard money loans from BridgeWell Capital, but there’s probably no better place to network, learn, do business and collaborate with other real estate professionals than at Real Estate Investment Associations (REIAs). The REIAs serving the Illinois area and surrounding regions are:

Illinois Real Estate Investors Association: Meetings are held monthly in Chicago. Members can attend these meetings for free by showing their member cards, guests are welcome as well but there is a $25 attendance fee.

Chicago Real Estate Investors Alliance: The Chicago REIA holds its main monthly meeting on the second Tuesday of each month at the Marriott Marquis Chicago. These events are free for Chicago REIA members. Guests can pay $25 at the door to attend the event or pre-register for $20.

Rockford Real Estate Investors Association: Serving Rockford and surrounding communities, the Rockford REIA meets on the first Thursday of every month at the Holiday Inn in Rockford. The main monthly meetings are open to the public. There is an attendance fee of $20 for guests, while members may attend for free.

Springfield Real Estate Investors Association: The Springfield REIA meets on the second Thursday of every month at the Crowne Plaza Springfield. There is a $10 attendance fee that’s refundable if you are not satisfied.

REIAs are a great place for real estate investors to grow their business and we highly encourage getting involved. Find the REIA that best fits your needs. A well-built knowledge base and support group can only help when it comes to making your next real estate investment project a success. BridgeWell Capital is Illinois’s #1 hard money lender for real estate investment in the state. Whether it’s rehab loans or investments in rental properties, BridgeWell Capital is the most trusted name in private money lending. If you need help financing your next commercial or residential real estate project, contact us today!