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12842 Winchester Ave, Blue Island, IL 60406

6 beds · 2 baths · sqft

Concierge

Get a free consultation call with an expert in the mortgage assumption process.

Fully Renovated, Fully Furnished Two-Flat - Perfect for Investors or Owner-Occupants! This stunning two-flat building has been completely gut rehabbed down to the studs, offering modern finishes, updated systems, and excellent income potential. Whether you're an investor seeking a turn-key rental property or an owner-occupant looking for a tenant to help cover your mortgage, this property is a fantastic opportunity! Property Highlights: Two spacious 3-bedroom, 1-bathroom apartments. Modern updates in both units. Common basement area with washer/dryer for tenant use and two storage spaces. Plenty of parking for tenants and guests. Main-Level Unit: Spacious layout with a large, updated kitchen offering rich dark cabinets, granite counters, stainless steel appliances and generous sized, sun-filled living room, 3 bedrooms and updated bath. Second-Floor Unit: Beautifully finished kitchen with dark cabinetry, granite countertops, subway tile backsplash, and plank flooring, living room, 3 bedrooms and updated bath. This fully updated building is a must-see for anyone looking for a high-quality investment property. Fully furnished could be perfect for Airbnb or Mid-term rental. Don't miss out-schedule your showing today!

Location
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Home details
Lot size
0.14 acres
Type
Multi Family
HOA dues
$0.00

Source: MRED #12307418

Resources
Frequently asked questions

Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.

An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.

When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.

Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.

Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.

To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.

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Last updated: May 09, 2025 06:07 am
Listing agent: Kimberly Wirtz (708) 516-3050
Listing provided courtesy of: Wirtz Real Estate Group Inc. (708) 516-3050
Details provided by MRED and may not match the public record.
MLS ID: #12307418
Based on information submitted to the MLS GRID as of May 09 2025 - 07:38. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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