Own for less than renting! This condo is available through the Chicago Housing Trust, the city's program for affordable homeownership. The listing price is $170k, which is already a deal but right now, you can get $91k in down payment assistance, bringing the cost down to only $79k. Available only to households making under 100% of the Area Median Income (AMI): Household Size Max Income 1 $78,500 2 $89,700 3 $100,900 4 $112,100 You will need a credit score of at least 580 and $3000 in cash or $2000 in Social Security benefits to qualify. Here's how it works: 1. Get pre-approved for a mortgage with Old National Bank for $15k in assistance from them and $6k from the state. 2. Contact us to get a purchase contract (we will need your mortgage pre-approval). 3. Attend the online Chicago Housing Trust orientation, including the condo training (2 hours). 4. Complete a homebuyer education course with The Resurrection Project (8 hours) and get approved for $60k in assistance. 5. Attend a virtual orientation (1 hour) for CHA's $10k assistance program. We're not going to lie, it's going to take some work, but this is a once-in-a-lifetime deal. There has never been so much down payment assistance available for a home at such a low price. We can consider a 6-month lease if you have your mortgage pre-approval and need to move while you complete the rest of the steps. Here is some more information about the property: Live in a beautifully renovated 100-year-old Chicago 6-flat with a huge yard, five minutes to Humboldt Park, a short bike ride to the 606/Bloomingdale Trail, and 2 blocks from the North and Pulaski bus lines. Property Highlights: * Huge yard (over 5,000 square feet) with giant shade trees * High-speed internet included in rent * Dedicated basement storage locker for each unit * Whole-building water filter to remove lead and "forever chemicals" * All electric, no gas appliances Unit Highlights: * Full-sized updated kitchen with dishwasher and walk-in pantry * Updated bathroom * Refinished hardwood floors * Ceiling fans throughout * Built-in cabinetry, decorative fireplaces, and ornate woodwork * Updated HVAC with high-efficiency mini-split heat pump systems (provides summer AC, too!) * Powerful new induction ranges Location Highlights: * North and Pulaski bus lines: 2 blocks * 606/Bloomingdale Trail: 8 blocks * Humboldt Park: 5 mins by car, 7 mins by bike, 10 mins by bus * Grocery: 3 blocks * Walgreens: 2 blocks * Old National Bank: 2 blocks * Post office: 1 block * Birreria, Pozoleria, Dominican, and Mexican restaurants: 1 3 blocks Contact us for next steps to purchase. We can consider a 6-month lease if you have your mortgage pre-approval and need to move while you complete the rest of the steps. Rent is $1,500 per month. Your mortgage will be significantly less than this!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
