Chicago, IL Rent To Own Homes

Rent to Own Homes in Chicago, IL: What You Need to Know

If you're thinking of moving to Chi-Town, you will find a city whose residents are proud to call Chicago, Illinois, their own. Also known as The Windy City, Chicago is home to Willis Tower, more famously known as the Sears Tower, which stands 1453 feet up in the clouds. Built along Lake Michigan, Chicago is a bustling city with much to offer. The people of the city are a beautiful blend of new residents and those whose families have lived there for generations.

Real Estate in Chicago: Neighborhoods

Back in the 1920s, a group from the University of Chicago divided the City of Chicago into 77 communities. Each of these has several corresponding neighborhoods. All totaled, there are more than 200 neighborhoods in Chicago. A few of these include:

• Beverly is a close-knit, historic neighborhood known for well-maintained homes, restaurants, and an active Irish pub scene. Beverly is a family neighborhood that gets high marks from its residents.

• Hyde Park, home of the University of Chicago, is filled with young residents - both students and young professionals alike. It is considered one of the most charming and greenest areas of the city and is filled with picturesque streets.

• Logan Square is the quintessential hipster city neighborhood, with lots of bars, restaurants, and live bands playing nightly. While the influx of young professionals and artists has altered the vibe of the community, many of the ethnic groups that established this long-standing neighborhood still live within the boundaries of Logan Square.

The Cost of Living in Chicago

If you are considering a home purchase in Chicago, you should get an idea of your buying power here versus other cities in the United States. With median home values of $229,100, just $2,100 over the national average, Chicago is one of the big cities that you may be able to move to and set down roots with a home purchase. Comparable properties in other major U.S. cities have median prices of 4 or 5 times (or more) than Chicago. Further, except transportation ($2.50 for the train and $2.25 for the bus), all other basic living expenses (entertainment, utilities, groceries) are at or below the national average, making Chicago a great city option for those who enjoy the change of seasons and want a city lifestyle.

Chicago's Climate

Chicago's climate is defined as continental, with warm summers and cold winters. Spring and fall seasons are the most pleasant, with mild temperatures. Lake Michigan has a strong influence on the weather, particularly in the winter, which is known for abundant snowfalls and strong winds.

The Local Teams

Chicago fans are legendary in their devotion to their teams. Whether they're at Wrigley Field to cheer on The Cubs or down on the south side of town at Guaranteed Rate Field for The White Sox, the passion is palpable. The Chicago Bulls dribble the ball at the United Center to the roar of the crowd, while the Bulls spend their time running the ball down the field at Soldier Field with the hope of a Super Bowl win. For fans who prefer the ice, the Chicago Blackhawks are one of the original six teams of the NHL, hitting the ice for the first time in 1926.

World-Renowned Shopping

There are a few cities in the nation that offer some of the best shopping in the world. Chicago is one of those cities. One of the most famous shopping streets in the world, The Magnificent Mile, along Michigan Avenue features couture and high-end shopping for everyone in your party. From luxury fashion brands to the original American Girl store, you will find it all along Michigan Avenue. If you prefer small, delightful boutiques, Lincoln Park is where you can try a day of shopping. The tree-lined streets feature rows of Victorian houses and small shops, each with their own style, flair, and wares. If your taste is more Boho-funky, head to six corners in Winter Park and Bucktown, where you can shop for more than just vintage duds. You can browse through art from up-and-coming artists or old books in nook-and-cranny style book shops. Chicago also features several fabulous shopping malls, including 900 North Michigan Shops, The Shops at North Bridge, and Water Tower Place. Each of these (and many others you will find throughout the city) feature top name brands, smaller boutique-style shops, restaurants and snack shops, and décor to provide a fabulous overall experience.