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Home » Rent to Own Homes in Illinois » Rent to Own Homes in Chicago
Rent to Own Homes in Chicago

Chicago. As one of the most diverse cities in the United States, Chicagoans enjoy many cultures, cuisines, and activities. 

Although the Great Chicago Fire destroyed much of the city’s original architecture, plenty of history remains throughout the city. Each diverse neighborhood hosts its collection of restaurants, bars, attractions, and businesses. Chicago also has dozens of Fortune 500 companies and educational institutions.

Popular attractions for both residents and visitors include The Art Institute of Chicago, Museum of Contemporary Art, Lincoln Park Zoo, the Chicago Riverwalk, The 606, the Museum of Science and Industry, and the Willis Tower Skydeck.

Most known for the Chicago-style hot dog, residents have their choice of eateries scattered about town. Whether you want to grab a bite to eat at a national chain, want a taste of French or Italian food, or prefer nothing more than comfort food, the windy city has you covered.

1268 Listing Found in Chicago, IL

Chicago, IL 60616

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Buying a Home in Chicago

Here you will find a variety of single-family homes, lofts, and apartments available for rent and purchase. The average single-family home has a median sales price of $212,000. This shows a 21% increase from the previous year.

The price of a home varies greatly from one neighborhood to the next. For example, a home in the Lincoln Park neighborhood may sell for a cost of more than $1 million while properties in the Burnside neighborhood have a median sales price of $90,000. Hyde Park area homes sell for an average cost of just over $347,000.

Popular Neighborhoods in Chicago

Chicago has amazing neighborhoods suitable for every personality, budget, and lifestyle. Diversity certainly highlights one of the city’s best qualities. The Gold Coast neighborhood is the place to go if lavish mountains and exemplary luxury make you smile. Hyde Park is another popular neighborhood, offering residents tree-lined streets, spacious homes, parks, and a family-friendly vibe. 

Lincoln Park homes attract young business professionals and families. Myriad employers and schools are located within the Lincoln Park area. Shopping and nightlife in Lincoln Park also attract many new residents.

The Spirit of Chicago

This city is home to many sports fans who eagerly cheer on their teams like the Bears and the Bulls. Baseball fans can choose their team from the White Sox or the Cubs. Most everyone living here are fans of one or more sports.

Foodies thrive living in a city like Chicago. Tons of great restaurants make dining out a pleasure no matter what your taste buds crave. Art lovers also fare well living in the city that’s home to many museums, galleries, and opportunities for artists.

Buying vs. Rent to Own Homes

Buying a home allows you to live out the American dream. Buying is usually more affordable than renting. However, you need a big down payment, a decent credit score, and other miscellaneous fees. Some people are not ready for this commitment. Rent-to-own gives those people time to appear to own a home. They sign a rental contract that includes an option to buy. Each month, the renter pays a premium fee with the rent that is then applied toward down payment costs when it is time to buy. Since Chicago home prices continually increase, locking in today’s pricing is important. With an RTO option, you get that opportunity. 

Realtors often avoid working with rent-to-own buyers and sellers, but we offer free listings of RTO properties. Avoid those headaches associated with buying a home and learn more about the rent-to-own option!

Find properties near me with Rent to own Reviews:

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City of Chicago, IL Demographic Information

  • Population:2,878,552
  • White Population:1,210,641
  • Black Population:1,055,250
  • Hispanic Population:749,625
  • Asian Population:125,552
  • Hawaiian Population:1,771
  • Indian Population:10,242
  • Other Population:391,113
  • Male Population:1,397,122
  • Female Population:1,481,430
  • Avg House Value:$201,600
  • Avg Household Income:$41,986

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