1801 Grey Ave, Evanston, IL 60201
4 beds · 2 baths · 1,619 sqft sqft
Welcome to this beautifully remodeled single-family home in the heart of Evanston, IL, where modern living meets timeless charm. Completely remodeled in 2013 and meticulously updated since then, this home offers a perfect blend of contemporary design and functional space. Step inside to discover a bright and airy open-concept layout, featuring a stunning kitchen with granite countertops, stainless steel appliances, and elegant 42" cabinets. The kitchen seamlessly overlooks the inviting living room and a separate dining area, making it ideal for both everyday living and entertaining. The main level offers a convenient layout with two good sized bedrooms and a full bathroom, while the upstairs boasts two additional spacious bedrooms, another full bathroom, and a cozy family room (or home office?) The large upstairs bathroom features a double vanity and a roomy, luxurious shower. Enjoy the comfort of brand-new carpeting on the upper level, while the main floor retains its original charm with beautifully refinished wood flooring. Step outside to your private backyard oasis, complete with a gorgeous perennial garden and a charming gazebo area-perfect for relaxing by a fire pit or creating a seating area to enjoy a quiet evening. A rare find in Evanston, the property also includes a newer, oversized 3-car garage built in 2019. The unfinished basement offers endless possibilities, ready to be transformed into whatever your imagination desires-whether it's an additional living space, home gym, or entertainment area (may be suitable for a renovation loan.) Situated in a prime location, you're just minutes from downtown Evanston, and within walking distance to Perry Park, Mason Park, Beck Park, and Evanston High School. Located in Evanston's 5th Ward, this home is in a community that is eagerly anticipating the opening of a brand-new elementary school in 2026. Plus, you're only a couple of miles from the lake, offering easy access to all the outdoor beauty and recreation Evanston has to offer. Don't miss the opportunity to own this exceptional home that combines modern comforts with a fantastic location.
Source: MRED #mrd12148647
Interest rate and monthly payment estimated based on public records.
Source: MRED #mrd12148647
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
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 580, 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.
What is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step. Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #mrd12148647
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.