1110 W 15th St Unit 328 Unit 328 Chicago, IL 60608
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About this home
Welcome to your dream home in University Commons! This recently remodeled, modern, and spacious 2-bedroom, 2-bath condo offers bright, open living with a highly desirable layout. Enjoy the perfect blend of comfort and style with an open-concept kitchen, dining, and living room, complete with tall ceilings, stunning hardwood floors, and floor-to-ceiling windows that flood the space with natural light. The resurfaced fireplace adds a beautiful focal point, making this home as cozy as it is contemporary. The sleek kitchen features stainless steel appliances, elegant cabinetry, and a large granite breakfast bar-ideal for entertaining or casual meals. The primary bedroom offers generous closet space and a luxurious en-suite bathroom featuring an oversized walk-in shower, lacquered vanity, and a high-end LED mist/fog-free mirror with three lighting options and built-in Bluetooth speaker. Every closet includes an adjustable organization system to fit your needs, and both bathrooms have been upgraded with new chair-height toilets. Custom lighting upgrades include four new electrical junction boxes with stylish chandelier ceiling fans and pendant lighting throughout. Additional smart home features include secure PIN-code door locks-no need to worry about forgetting your keys. This condo also includes a spacious third-floor storage unit and **garage parking-**included in the price. As part of the University Commons community, residents enjoy a heated outdoor pool complete with a shower room and pool floaties, an expansive rooftop deck with skyline views, a party room, dog run, and a cozy movie theatre room. The professionally landscaped grounds create a suburban feel in the heart of the city, with beautifully maintained green spaces throughout the property. Internet with 1G speed by Zentro is included in the monthly assessment, while cable through DirecTV is available for an additional fee. The community is vibrant and welcoming, with an active HOA that hosts year-round events for residents. Located just off Halsted Street, this home is close to shopping, dining, parks, and public transit, with easy access to major highways including 90/94, 290, and I-55. It's also near the UIC Police Station, Chicago Fire Department, the Medical District, Pilsen, Chinatown, Little Italy, the UIC campus, and downtown Chicago. This is one of the few homes in University Commons that has been recently remodeled and meticulously maintained. Welcome home!
Source: MRED #12481937
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FAQs
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.
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.
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.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.