Call/text us at (872) 324-3764.
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.
All units have 2 bedrooms and 1 bath.
These condos are being sold in partnership with the Chicago Housing Trust to create affordable homeownership opportunities. Eligibility is based on household income.
Offers are being accepted until March 31, 2025.
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Unit Purchase Price
$170,000
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Down Payment Assistance
$31,000
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Net Price
$139k (plus closing costs)
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Typical Mortgage1
$887/month
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Est. Property Tax2
$283/month
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Condo Fees
$243/month
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Est. Insurance3
$43/month
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Est. Total
$1,456/month
1. Your mortgage costs will depend on your credit score, current interest rates, and terms set by your mortgage lender. This typical mortgage number is based on a mortgage interest rate of 6.5%, which is Old National's 30-year FHA rate for credit scores of 640 as of 1/12/2025.
2. Property taxes are estimated at a yearly rate of 2% of the sale price of $170,000. Property taxes are paid twice a year; the monthly amount here is the average of the estimately yearly amount.
3. Insurance is estimated at a yearly rate 0.3% of the sale price of $170,000.
These programs are funded and administered by third parties. Please check with them for availability and eligibility.
$15,000
Chicago Housing Authority (no requirement to be a CHA resident):
$10,000
$6,000
Total:
$31,000
Funding for these programs is limited, so apply soon!
These condos are available below market-rate with significant down payment assistance to households who may not otherwise be able to afford homeownership in our neighborhood. You must meet the following requirements to be eligible to purchase one of our condos:
- A combined household income of at least around $38,000, but under under 100% of the Area Median Income (AMI):
Household Size Max Income 1 $78,500 2 $89,700 3 $100,900 4 $112,100 - A credit score of at least 580 and $3,000 in cash or $2,000 in Social Security benefits.
- Willingness to do 11 hours of online homeownership training classes, and many more hours of filling out paperwork and meetings with your mortgage lender and other people.
- Huge yard (over 5,000 square feet) with giant shade trees
- High-speed internet and laundry included in monthly condo fees
- Dedicated basement storage locker for each unit
- Whole-building water filter
- New roof, porch, fence, and concrete flatwork
- New 400 amp electric service
- New copper water service (no lead!)
- Brickwork and windows recently repaired
- Full-sized updated kitchens with dishwashers and walk-in pantries
- New heat pump HVAC (heats in winter, cools in summer)
- Induction stoves (more powerful and responsive than gas)
- Original features include built-in cabinetry, decorative fireplaces, and ornate woodwork
- Refinished hardwood floors
- Updated bathrooms
- Ceiling fans throughout
- 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
- Call/text us at (872) 324-3764 to set up a tour.
- Get prequalified for a mortgage with a CHT-approved lender.
- Complete the Chicago Housing Trust orientation , including the condo training (2 hours).
- Complete a homebuyer education course with a HUD-approved agency (8 hours). You may wish to do this with Neighborhood Housing Services, which administers the $10k CHA program.
- Attend a virtual orientation for the CHA program (the orientation link as at the bottom).