Patchlist 3.0: South Suburban Rental Properties

We've redesigned our weekly rental map once again to make it easier for you to search available Southland rental properties.

-Data courtesy of RE/MAX

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Patchlist 3.0 South Suburban Rentals

We've redesigned our weekly rental map once again to make it easier for you to search available Southland rental properties.

Many New Lenox Homeowners are Mortgage-Free

Crain's Chicago Business reports 18 percent of New Lenox homeowners own their homes outright.

Article updated at 10 a.m. on April 4, 2013 Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business.  According to the Crain's analysis of 7,107 New Lenox homeowners, 18 percent are mortgage-free. These numbers are lower than the Chicagoland average of 26 percent of homeowners being mortgage-free.  If you own a home, are you still paying off your mortgage? When will you be mortgage-free?

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Ryan Fitzpatrick

10:59 am on Thursday, April 4, 2013

Hey, Ann. You're right to question the number. It was a mistake. The 7,107 is the base number of available housing units. Of those, 18 percent are paid-off. Sorry for the mixup.   more ›

Patchlist: South Suburban Rental Properties

We've redesigned our weekly rental map once again to make it easier for you to search available Southland rental properties.

Sold! Local Home Sales: March 21 Edition

What's selling in New Lenox? A three-bedroom home on John Street sold for $187,000.

A three-bedroom house located at 140 John St. recently sold for $187,000. Built in 1974, this tri-level home includes one and a half baths, a two-car garage and a deck and patio. These properties were sold in New Lenox recently, according to Will County property records. Looking to buy or sell property? Check out our real estate guide. 

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New Lenox Sees Annual Increase in Home Sales

Sales are up 60 percent in New Lenox. Representatives from the Mainstreet Organization of Realtors say affordable prices and low interest rates have created a "perfect storm" of buyer-friendly conditions.

Single-family home sales in the Chicago suburbs grew 41 percent in February 2013, compared to the same month in 2012, according to data provided by the Mainstreet Organization of Realtors (MORe). In the south suburbs, sales in the majority of Patch communities aligned with this trend, with 10 out of 14 towns experiencing an increase in sales, three towns experiencing a sales decrease and one town remaining the same year-over-year. Evergreen Park saw the most growth in the Southland, with 23 homes sold in February 2013 and only five homes sold one year prior, totaling a 360 percent increase in sales. In New Lenox sales were up by 60 percent. Sales in Palos Hills decreased by the largest percentage in the area, dropping from three houses …

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Southland Rental Property: PatchList

See what homes are available for rent in the Southland.

This is What $125,000 Buys You

One home is vintage 1917. The other has undergone extensive rehab. Both are selling for about $125,000. Do you have a favorite?

1. 1300 Schilling Ave., Chicago Heights. Asking price: $125,000, according to realtor listings. This is a two-story brick home built in 1917. It has four bedrooms, 1.5 bathrooms and 2,860 square feet of living space. The home features original hardwood floors, molding and trim. It period lighting fixtures, five-panel doors, a claw bathtub and an ice/milk/cream holding cubicle in the kitchen. The home has an updated electric system and some newer windows. The home has an eat-in kitchen, separate dining room, enclosed front porch and an unfinished basment. The master bedroom measures 19x14. The home sits on a lot that is 77x129. 2. 1929 W. 187th St., Homewood. Asking price: $122,900, according to realtor listings. Status: Contingent, short …

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PatchList: Rental Property in New Lenox and Throughout the Southland

Take a look at the homes for rent in the Lincoln-Way communities and throughout the Southland.

How Much Did Your Neighbor Pay?

Sixteen percent of Patch responders correctly guessed how much one of their Southland neighbors paid for his home. The answer: A) $257,000.

A two-story, five-bedroom home located at 5905 Orange Lane in Oak Forest sold in October 2012, according to aolrealestate.com. The home has three bathrooms and 2,122 square feet of living space. And it has a two-car detached garage. How much did it go for? Pick from one of three answers below in our Patch poll. CHECK BACK ON MONDAY: Log on at 10:15 a.m. Monday, March 4, to see if you were right. Want to know what's selling in your Patch and throughout the Southland? Check our Local Home Sales tracker, published every Thursday. Orland Park / Tinley Park / Oak Forest Oak Lawn / Palos / Evergreen Park Frankfort / Mokena / New Lenox Homewood / Flossmoor / Chicago Heights

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