877 N Mozart St, Chicago, IL 60622
5 beds · 2 baths · sqft
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Beautifully reimagined by an architect, this stunning 2-flat on an oversized lot in the heart of Humboldt Park blends modern luxury with thoughtful functionality - perfect for investors or those seeking to live in one unit while renting out the other. The first-floor unit, completely renovated down to the studs, offers 2 bedrooms and 1 bath, featuring a chef's kitchen with smoked and hand scraped oak cabinet fronts from Copenhagen, Thermador appliances, a Dacor fridge, quartzite counters from Brazil, custom baseboards, doors, white oak window trim and custom-built white oak veneer shelving designed with wine storage and vinyl record storage drawers. The unit also boasts a massive walk-in closet and a spa-like bathroom with electric radiant flooring. The second-floor unit, with 3 bedrooms and 1 bath, features wood floors, stainless steel appliances, new ceiling fans, and abundant natural light. Both units enjoy private laundry rooms and large storage areas in the basement, along with central air and soundproofing with Rockwool insulation. Extensive building updates include a TPO roof, new electrical and plumbing, Andersen windows, and rebuilt back decks. Outdoor living is a dream with private terraces off each kitchen and a large shared yard with a firepit, trellis, and pavers. Parking includes a 2-car garage with additional space for bikes or motorcycles. A striking octopus mural by Jason Brammer, the artist behind Split Milk and Green St. Meats, adds character to the exterior. Surrounded by standout spots like Rootstock, Segnatore, and La Boulangerie, with convenient access to public transit, this property offers an unbeatable blend of design, comfort, and location. Reach out for the extensive upgrades list! This home qualifies for a $5,000 Chase grant program. Buyer would need to apply with Chase and meet their terms and conditions.
Source: MRED #12297294
Learn about how it works
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: MRED #12297294
To qualify, you must meet the current FHA or VA 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%. 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.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
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.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.