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Old 01-18-2015, 11:24 AM
 
8 posts, read 7,836 times
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Hello,

I have been analyzing places where I want to buy a house that's under 150,000 with low property taxes (under $3,500). So far these places that I have come up are these.

Lombard/Villa Park - Problem is houses are a little more here and property tax is on the high end.
Evergreen Park - Close to Chicago

Everygreen Park/Burbank - Seems to be the best balance.

Garfield Ridge area (general around Midway) in Chicago. Housing prices seem reasonable here.

Are there any other locations you would recommend looking? I am single and have a stable job. I'm kind of tired of paying rent in Chicago and not having a garage lol. I do see the advantage in case I need to move to rent but I feel I have enough money saved in case I do go jobless and am looking.
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Old 01-18-2015, 12:56 PM
 
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>$150k is going to mean quite a few compromises even in less than top notch towns
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Old 01-18-2015, 03:25 PM
 
Location: Not where you ever lived
11,544 posts, read 25,145,971 times
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It sounds like you are a realist and are well prepared for an emergency situation. However low taxes and a move-in ready house for $150K in Cook County will be a miracle if you can even find it.

You can find your dream house in central Illinois, Indiana, probably Wisconsin and possibly even in Iowa. But. But, these places are not anywhere near where you work and play. It is possible you can look a little further and find a small house with a garage in one of the suburbs to rent. You could possibly be eventually able tp buy it, but, again the taxes in Cook County are brutal. I personally cannot imagine paying $20k taxes for a house anywhere in Illinois - even if it is the perfect house in the perfect location with a lake view in every room.
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Old 01-18-2015, 03:36 PM
 
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You're budget being $150k isn't an issue, but it's going to be hard to find property taxes under $3,500 for a $150k property. Property taxes are higher here than many of other places in the country.
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Old 01-18-2015, 08:49 PM
 
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I agree about the taxes, hard to find taxes that affordable in areas of lower median home values.
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Old 01-18-2015, 10:27 PM
 
Location: Chicago area
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Nice neighbourhood in the Chicago area, Low property taxes, Affordable Houses. Pick any two.
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Old 01-19-2015, 08:10 AM
 
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Very hard to meet that tax goal. Even with a condo you might pay that much. And the areas you suggest are not that good and not located near Schaumburg. You might want to look at Berwyn. Its got a lot going for it, and I think its better than some of the places you list. I think you can find a good house for that price point, doubt if you are going to find low taxes though.
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Old 01-19-2015, 08:27 AM
 
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The median home price for the entire metro area is about $240,000, and that includes a lot of really rough areas as well as good ones. It also includes houses up near Wisconsin and way west of the Fox River. So any house well below the median home price will not really be all that great, and $150,000 is WELL below the median.
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Old 01-19-2015, 08:44 AM
 
3,790 posts, read 5,559,142 times
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Here is an example of a home you could buy in Berwyn. Below your price point but taxes are higher. This is a very solid house but needs some updating. You could probably move in and with a little cash and paint make it very livable. Its on a good street in Berwyn. Very solid bungalow. Not close to Schaumburg though but closer than some of the places you mention.
https://www.redfin.com/IL/Berwyn/144.../home/13245839
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Old 01-19-2015, 09:31 PM
 
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Worst location in the best town kinda situation on this one, but it meets all your criteria:

1N719 Main Street GLEN ELLYN, IL 60137 | Redfin

Close to downtown Glen Ellyn, shopping, Metra and highways -- and the two car garage is even heated.
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