1 Bed   1 Bath   Single-Family
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N Desplaines St # 1111
Chicago, IL 60661

Status: Inactive
Listing ID: 56814179

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Property Information

  • Bedrooms: 1
  • Bathrooms: 1
  • Full Baths: 1
  • Total Square Feet: 550
  • Style: High Rise
  • Air Conditioning: Central A/C
  • Year Built: 2017
  • Comments: Rental price: $2100
  • Source ID: 11254337
  • Day(s) On Site: 216
  • School District: 299
  • Elementary School: Skinner Elementary School
  • Junior High School: Brownell Elementary School
  • Senior High School: Wells Community Academy Senior H
  • Property Type: Single Family Dwelling
  •  

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Rent to Own

Rent to own properties are ideal for homebuyers who are on the fence and not quite ready to go "all in" on a specific real estate investment. It's basically like taking a home for a "test drive," getting to know the neighbors, local school districts and community benefits (and drawbacks) before making the all-important decision to buy.

First Steps to Buying a Rent To Own Home

This type of real estate deal entails an agreement to rent a property with the option to purchase it at a predetermined date and price. Under some structures a portion of the rent paid during the lease period can be applied to the purchase price. Also, during the lease period, the purchaser/lessee can use that time to save for a larger down payment or fix personal credit issues. As a third incentive, the purchaser/lessee can move into the property, get to know it thoroughly, get to know the neighborhood, and either complete the purchase or walk away from it, if the property turns out to not be suitable for him. For the seller, the rent to own option adds value to the sale of the property and broadens the market for potential buyers.

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Chicago, IL
Home Inspectors
True Blue Home Inspections, Inc.
James Clark
3129250166
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
Chicagoland Home Inspectors Inc
Charles Bellefontaine
312-759-7045
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
Homes On This Street
View more homes on N Desplaines St # 1111
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N Desplaines St # 1111
Chicago, IL 60661

1 Bed   1 Bath   Single-Family

 

Status: Inactive Listing ID: 56814179

Property Information

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=N-Desplaines-St--1111-Chicago-IL-60661/56814179_lid

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