Search all the latest Rent to Own Homes in Fox Lake, IL. There are more than 29 rent to own homes currently on the market. Try out homes and neighborhoods without the buying commitment by choosing a rent to own property. It’s a simple process with the homeowner, you start out as a renter, and then purchase the property when you're financially ready to apply for a home loan with a local bank. The rent-to-own process allows new home buyers with poor credit scores, or who lacks the down-payment required by the bank, the opportunity to live in their home while working on improving their credit and saving funds.
Remember, not all sellers in Fox Lake, IL will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 29 rent to own homes currently on the market, below.
Fox Lake is a village in Grant and Antioch townships in Lake County, Illinois and Burton Township, McHenry County, Illinois, United States. The population was 10,579 at the 2010 census.
The village was incorporated on December 15, 1906, and certified by the state on April 13, 1907. The area was first explored during the 17th century by the French. In the late 19th century, it was known as Nippersink Point. Early in the 20th century, there were but a few hundred residents. During the summer season, however, the population would reach an estimated 20,000 people, and at its peak, the area had 50 hotels and 2,000 cottages. Infamous Chicago gangster Al Capone allegedly utilized an establishment now known as the Mineola Hotel and Restaurant as a hideout. In 1979, the Mineola was listed on the National Register of Historic Places and may be the largest wooden frame structure in the state.
Many Chicagoans have established summer homes in Fox Lake. The village is situated among the Chain O'Lakes, where swimming, boating, jet skiing, tubing and boarding are popular activities. In 2006, there were an estimated 28,000 boats registered on the lake system.
Boating accidents are prevalent in today's society, however, number of accidents on Fox Lake have decreased in part to stricter regulations on boating under the influence and other factors.
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