612 Saint Johns Rd # 614, Woodstock, IL 60098
4 beds · 2 baths · sqft sqft
This RANCH DUPLEX property at 612-614 St. Johns Road offers a unique investment opportunity with excellent rental income in a serene, tree-lined neighborhood. With its classic ranch style, the building boasts a traditional architectural style featuring a stone facade on the front, vinyl siding, a newer roof, newer shutters, some replaced windows, newer front and back doors, and new exterior lighting. Unit 612 underwent a complete rehab in 2018, giving it a fresh feel. This unit features laminate flooring throughout, paired with bright white appliances and oak cabinetry in the kitchen, creating a warm and inviting atmosphere. The bathroom was updated with a new tub surround, decorative mirror, and new lighting fixtures, adding a clean look. Additionally, the unit was just freshly painted in March of 2024, giving it a move-in-ready feel for these tenants who have a lease through May of 2025. Two of the standout features of Unit 612 are the oversized 2.5-car garage, offering not only ample parking space but also built-in storage shelves and attic access, providing excellent storage solutions, and a stackable washer/dryer allowing tenants the convenience of doing laundry at home. Unit 614 was similarly updated in 2015, offering laminate flooring throughout the main living spaces and ceramic tile in the bathroom and laundry area. This unit also features a convenient stackable washer and dryer, enhancing its practicality for the tenants. The kitchen was modernized by replacing the sink, faucet, oak cabinetry, white appliances, and updated lighting, providing a clean and functional space for cooking. This tenant's lease auto-renewed through 7/2025. Both units are spacious and filled with natural light, offering comfortable living spaces ideal for tenants. The interiors are thoughtfully laid out, with large living rooms, and generously sized bedrooms with plenty of storage space in the walk-in-like bedroom closets. The living rooms are cozy yet expansive, perfect for relaxation or entertaining. Outside, the property features a front yard for the front unit, a partially fenced backyard ideal for pets, and a concrete patio for outdoor dining. There are two designated parking spots for the back unit. Located in a convenient neighborhood, this duplex is close to schools, parks, shopping, and dining on the Woodstock Square, and the Metra train station, making it ideal for families or commuters. Whether you're an investor looking for a property with high rental income or a buyer seeking your own home with rental income, this property provides a great return on your investment. These units have their own meters, and the tenants are responsible for their own water, sewer, garbage, gas & electric bills. PROPERTY IS BEING SOLD "AS IS"!
Source: MRED #mrd12188173
Source: MRED #mrd12188173
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: #mrd12188173
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.