206 N Main St, Homer, IL 61849

This house in Homer, IL is for sale as a RENT-TO-OWN. Long term rental lease is NOT an option. This 1897 house is a 2 story with 4 bedrooms, 1.5 bathrooms, plus 2 family rooms/dens on the first floor and 2 bonus rooms off of 2 bedrooms upstairs. Has fenced in back yard, metal roof, and 2 car detached garage. This house does need kitchen cabinets (fronts of cabinets are missing) and some cosmetic attention/minor repairs, but it is livable. Carpet has been professionally cleaned. Full bathroom has recently been beautifully remodeled. Central AC and heat, plumbing and electricity are functional. Would be great for a large family. Tired of renting? Don't qualify for a bank loan? This is a great opportunity to work toward homeownership without obtaining a traditional mortgage immediately. Purchase Price: $157,000 (if buyer gets bank loan in 2 years or less); price goes up based on contract lengthDown Payment: $10,000Monthly Payment: $1,208.55 ($150 goes toward principal)Interest Rate: 8.75%Term: negotiable Buyer is responsible for property taxes, insurance, maintenance and repairs. Serious inquiries only.