c.1895 Four Bedroom Affordable Illinois Home Reduced to $45K

Pros

1. Low Cost of Living / Affordable Housing

   • Housing costs are well below state and national averages. The median home value is much lower than most places in Illinois or the U.S.

   • Rents are relatively low.

   • Overall cost of living in Chatsworth is about 16% lower than the Illinois average, and about 19% lower than the U.S. average.

2. Safety Relatively Good

   • Crime rates are lower than many places. Violent crime is low; property crime is somewhat above zero but still lower than U.S. average in many comparisons.

   • The chance of being a victim of crime is relatively low, per crime‑data sources.

3. Small Town / Tight‑knit Community Feel

   • With a population around 1,100‑1,200, Chatsworth is very small.

   • For people who like quieter life, less congestion, more space per home etc., it tends to be favorable.

4. High Homeownership Rates

   • Many people own rather than rent.

   • Homes are relatively affordable especially for ownership. This can help build equity, stability.

5. Natural / Environmental Positives

   • Air quality is good a large majority of the time.

   • Water quality seems rated highly.

Cons

1. Low Income & High Poverty Rate

   • Median household income is quite low (~ $31,169/year) compared to national and state medians.

   • Poverty rate is high — some sources put it around 27%.

   • Economically, opportunities may be limited. Jobs may pay less, fewer high‑income employers locally.

2. Limited Amenities / Entertainment / Services

   • As a small town, fewer shops, restaurants, cultural or entertainment options. You may need to travel to larger nearby towns or cities for certain goods or services. (This is typical in small rural towns.)

   • Public transportation is likely minimal or non‑existent; vehicle ownership is needed.

3. Education & Schools

   • Some sources mention that there is no middle school or high school in certain analyses. (Note: might need checking for current local school infrastructure.)

   • Lower percentage of residents with bachelor’s or advanced degrees, which may reflect limited access, or fewer job paths locally that require higher education.

4. Commute / Accessibility

   • Many people commute for work. Average commute times are moderate (~ 25‑30 minutes) but that assumes jobs are outside or travel is feasible.

   • Lack of public transport, so dependence on cars.

5. Population Growth / Economic Growth Minimal

   • Population is pretty stable or flat — little growth.

   • With no strong growth, fewer incentives for new businesses, likely slower development of infrastructure or amenities.

6. Some Taxes / Infrastructure Costs / Internet

   • Some reports suggest property tax is relatively high for what you get.

   • Internet / mobile connectivity may not be as robust as urban areas; internet speed/mobility can be lower.