6901 S Oglesby Ave Apt 6c Unit 6C Chicago, IL 60649
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About this home
Step into refined elegance in this full-floor residence located in one of South Shore's most architecturally distinguished and historic buildings. This unit offers a rare combination of vintage charm, spacious design, and modern convenience-positioned just steps from Lake Michigan and minutes from the future Obama Presidential Center. This expansive 3-bedroom, 3-bath unit features soaring ceilings, original hardwood floors, detailed millwork, and large windows that flood the space with natural light. From the moment you enter, you'll notice the historic craftsmanship-from the formal entryway to the traditional butler's pantry and oversized living and dining rooms, ideal for entertaining or quiet evenings at home. The residence offers a thoughtful layout with generous room sizes and excellent flow throughout. The primary suite includes a private en-suite bath and ample closet space, while two additional bedrooms provide flexible options for guests, remote work, or personal retreats. The kitchen offers functionality with room to modernize to your personal style, making this unit perfect for buyers who appreciate historic character and want to add their own updates. The building itself is a South Shore landmark, featuring 24-hour door staff, vintage elevators, underground heated parking, and beautifully maintained common areas. With only two units per floor, residents enjoy a high level of privacy, security, and a true sense of community. Located within walking distance to the lakefront, Jackson Park, the South Shore Cultural Center, golf courses, and public transportation, this home is perfectly situated for enjoying all that Chicago's South Side has to offer. As the area continues to grow, including major developments such as the Obama Presidential Center, this property presents strong long-term value for both homeowners and investors. If you're seeking space, history, and location-all in one this unit is a must-see. Unit comes with leased parking space. Don't wait, schedule your private tour today!
Source: MRED #12481987
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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.
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