Search all the latest Rent to Own Homes in Washington Park, IL. There are more than 1 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 Washington Park, IL will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 1 rent to own homes currently on the market, below.
Washington Park is a village in St. Clair County, Illinois, United States. The population was 4,196 as of the 2010 census, down from 5,345 in 2000.
Washington Park filed for Chapter 9 bankruptcy protection in July 2009, citing assets of less than $50,000 and debt of more than $1 million. U.S. Bankruptcy Judge Pamela Pepper threw out the filing in December 2010 after finding there was no state law enabling a municipality to declare bankruptcy. Washington Park filed for bankruptcy in 2004 as well, claiming a $1.6 million debt, but that filing was dismissed when the village briefly emerged from insolvency.
In 2010, the mayor of Washington Park, John Thornton, was found to have been fatally shot; he was discovered in his car injured on the morning of April 1, and died at a hospital at 6 AM.
On July 25, 2012 the chief of police called for the disbanding of the police force.
Washington Park is located at 38°37′47″N 90°5′41″W (38.629750, -90.094606).
According to the 2010 census, Washington Park has a total area of 2.63 square miles (6.81 km2), all land.
As of the census of 2000, there were 5,345 people, 1,692 households, and 1,218 families residing in the village. The population density was 2,180.4 people per square mile (842.3/km²). There were 2,007 housing units at an average density of 818.7 per square mile (316.3/km²). The racial makeup of the village was 6.06% White, 91.94% African American, 0.15% Native American, 0.13% Asian, 0.75% from other races, and 0.97% from two or more races.
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