Today I ran a quick check on Realtor.com for homes in Elgin. And would you believe that an amazing 478 properties came up for under $125K. With lending rates at an all time low and a 20% downpayment, a mortgage could be as low as $425 a month for principle and interest. For a lot of people, $425 a month is a car payment! And you cannot even live in your car! Imagine owning your own home, getting all those tax breaks, earning equity every year in something you need every day!
Here is a sample of a local beauty, recently restored, now available for sale in Elgin, IL. More pictures of the inside are available at Realtor.com.