2480 N Lakeview Ave, Chicago, IL 60614
6 beds · 10 baths · 7,800 sqft
Architecturally significant, this beautifully renovated landmark single-family home is one-of-a-kind. Situated on an expansive and highly sought-after EXTRA-WIDE 45 x 100 CORNER lot in the heart of Lincoln Park. This stunning residence showcases a limestone exterior with an unparalleled fusion of luxury and historic charm. Spanning nearly 7,800 square feet across four levels, this home offers 6 bedrooms, 6.4 bathrooms, a private elevator, two exclusive outdoor spaces, an indoor resistance pool, 2-car garage and 2 gated exterior spaces. The main floor welcomes you with a breathtaking foyer, featuring an exquisite arched entry door and intricate millwork that highlights the most stunning staircase and a formal living room. This elegant space boasts a marble fireplace and a seating area with picturesque views of Lincoln Park. The magnificent chef's kitchen is equipped with a top-of-the-line custom French Lacanche stove, a handcrafted hood, integrated appliances, custom-built ceiling-height cabinetry, an expansive custom breakfast bar, 2 pantries, a breakfast nook, and a beautifully arched entry and staircase to the first private outdoor space. Beyond the kitchen is a sophisticated dining room, perfect for family gatherings, complete with hidden cabinets for your wine/beverage cooler. Across from the dining room is a welcoming family room with arched doorways, a limestone fireplace, and custom built-ins - ideal for cozy days indoors. Adding to this home's exceptional charm is a meticulously designed library room with exquisite built-ins, a hidden wet bar, detailed millwork, a seating area, and a stunning fireplace with views overlooking beautiful Lincoln Park. The second floor features four expansive bedrooms, each with its own luxurious ensuite bathroom. Additionally, this level offers a beautifully appointed office with custom built-ins, a concealed TV cabinet, and a conveniently located laundry room. The top floor is entirely dedicated to the primary bedroom suite, offering a sanctuary of luxury and privacy. Upon entry, you are welcomed by a striking skylight that floods the space with so much natural light, a cozy lounge area complete with a fireplace, a powder room, and access to a private rooftop - making this space a perfect oasis. The private, enclosed bedroom features a charming bay seating area with breathtaking views of Lincoln Park. Lavish spa-like primary bathroom offering dual vanity, large shower, separate soaking tub, and two private water closets - all illuminated by an extraordinary skylight that provides the entire bathroom with abundant natural light. Additionally, this floor includes a grand wrap-around walk-in closet, a second laundry room, a private office, and a gym. The lower level is thoughtfully designed for both entertainment and versatility, making it ideal for an in-law suite. Fully equipped kitchen, dining area with a fireplace, additional family room, a spacious bedroom, and a full bathroom. This level also includes an indoor therapy pool. PRIME location - across the street from Lincoln Park, steps away from Diversey Harbor, restaurants and nightlife, Boutiques, Coffee shops, Workout studios, and Chicago's notable Lincoln Park school district. An address that can never be duplicated!!
Source: MRED #12107563
Interest rate and monthly payment estimated based on public records.
Source: MRED #12107563
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
MLS ID: #12107563
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.