Rent to Own Homes near Waukegan, IL

  • Millions of Americans first discovered the lakeside city of Waukegan, Illinois, thanks to local boy Jack Benny. A revitalized shoreline, dynamically diverse population, and bustling economy make this city a place that demands the attention of the new generation of home seekers. Located on the shores of Lake Michigan, Waukegan bills itself as an "Arts-Friendly Community" and offers a range of cultural and enrichment opportunities.

Check out over 300 Waukegan, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.

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Top Reasons to Live in Waukegan IL

  • Waukegan Housing Market Waukegan is a medium-large city, with a population of over 89,000. Home values are $165,200, which is just below the state average. Owners occupy approximately 62% of residential homes. Perhaps owing to the recent influx in residents, residential turnover rates are 16% per year, while less than 85% of locals have been residing in their homes for more than 5 years. Rental rates are lower than other regional cities, at $821 per month.
  • Commuting from Waukegan While Waukegan supplies a wide range of employment opportunities for its residents, the nearby metropolises of Milwaukee and Chicago lie within reasonable commuting range. I-94 connects Waukegan directly to both cities, each of which is reachable in about an hour. If you'd prefer to leave your car at home, the Union Pacific North Line provides rail service to downtown Chicago.
  • Waukegan Attractions Waukegan is located on the shores of a Great Lake, meaning you'll find ample water-based recreational opportunities. But the city has much more to offer its residents and tourists than motor boats and ice fishing, including:
  • Waukegan NeighborhoodsWaukegan is the 9th largest city in Illinois and is filled with an array of ethnically-diverse and culturally varied neighborhoods. Here is a rundown on five of the best places to call home: