Rent to own Homes in Alsip, IL
Alsip is a lush suburb in Worth Township, 19 miles southwest of Chicago's Loop. The town is surrounded by wildlife preserves and natural parks. Alsip offers residents multiple recreational opportunities, a rich history, superior transportation network and diverse employment prospects. It is a vibrant cosmopolitan town that has undergone extensive commercial and residential growth over the last 20 years, ideal for folks looking for multiple opportunities.
Alsip, IL is a great place for affordable rent-to-own homes! With a median household income of over $58,768 and a median rent of $977, the Alsip, IL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Alsip, IL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Alsip, IL
- Alsip
- Bedford Park
- Berkeley
- Bridgeview
- Broadview
- Brookfield
- Burbank
- Burnham
- Burr Ridge
- Calumet Park
- Chicago Heights
- Cicero
- Clarendon Hills
- Countryside
- Crestwood
- Downers Grove
- Elmhurst
- Flossmoor
- Forest Park
- Forest View
- Frankfort
- Frankfort Square
- Harwood Heights
- Hodgkins
- Hometown
- Homewood
- La Grange Park
- Lincolnwood
- Lockport
- Markham
- Maywood
- Melrose Park
- Merrionette Park
- Midlothian
- Mokena
- Morton Grove
- North Riverside
- Oak Brook
- Oak Forest
- Palos Heights
- Palos Park
- Park Forest
- Park Ridge
- River Forest
- Rosemont
- Schiller Park
- Steger
- Thornton
- Westchester
- Willow Springs
Neighborhoods in Alsip, IL
No neighborhoods foundPopular Zip Codes in Alsip, IL
60803 rent to own homesBuying a Home in Alsip, IL
Alsip, IL is seeing rapid growth and Alsip, IL's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Alsip, IL is part of Cook county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cook is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Alsip, IL
Median Rent in Alsip, IL
Top 5 Reasons to Live in Alsip, IL
Transportation mecca of Cook County! Alsip has a vast network of land, air and sea transportation that connects to the metropolitan area and far beyond. The town has excellent express ways, including Interstates 55 and 80, rail networks and two busy airports that include the world's busiest, Chicago O'Hare International Airport, only 40 minutes away. The prominent Cal Sag Channel, north of the town is both a commercial waterway and recreational conduit for residents.
Lovely, high value homes! The town indulges in a variety of housing styles from detached houses with multiple-level structures to attached townhouses and condos at competitive market values. With the median list price of houses up 20 percent over the previous year and a corresponding increase in home sales at 43.9 percent, the housing market looks exciting for the future. Residential communities along W. 25th St. off Pulaski Road and W. Benck Drive, which include rent to own homes have appealing designs for ranging budgets.
Affordable house rentals! Renters will find apartments, townhouses and condos at rental rates 0.7 percent less than the Illinois average. Nice rental houses are to the west and south of the town with new apartments by S. Karlov Ave. and W. 119th St. Still, several deals can be had in different apartment communities. Rent to own houses, for example, are found throughout the community, offering the double feature of renting with a "layaway" option to home ownership. These incentives may factor into the 64.7 percent home ownership rate in the community. Depending on the purpose of residency, consumers have unique advantages in home rentals, rent to own and payment in full.
Parks galore for every occasion! With 20 park sites in this intimate town, Alsip is the playground for almost every recreational event imaginable. Commissioners Park on South Kedzie Avenue is one of the largest centers. At 30 acres, it features soccer fields, volley ball courts, picnic groves, jogging paths and much more. For jogging trails with a unique twist, the Cal-Sag Trail built on the banks of the Cal-Sag Channel for multi-purpose use is a must do.
Best bistros around! The town has endless eateries to comfort everyone's palette. North Star Eatery serves picnic-type foods, such as pizza, hot dogs, burgers and what's more, it has a lovely patio for viewing Lincoln Park. Then, there is 5 Loaves Eatery on E. 75th St. that serves good homestyle meals, like blackened Tilapia and for dessert, delectable caramel cake.