For Sale: 1451 E 55th Street #1030N, Chicago, IL 60615. 3-bedroom 2-bath, 1280 sf, 1978 Campus Hyde Park $228,000 begin new search
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Overview

This top-floor corner unit features 3 bedrooms and 2 bathrooms, and has been recently renovated. It is fully occupied under a stable two-year lease, making it a strong income-generating asset from day one. The unit's unique layout, partial lake views, and prime location make it an excellent opportunity for investors, especially those targeting University of Chicago student housing demand. A washer and dryer are included in the unit for added convenience. The building offers a range of desirable amenities, including a front desk with door staff, an outdoor pool, a health club, a community room, and storage. Garage parking is also included with the unit. The lease runs from May 15, 2025 to May 15, 2026 at $2,800 per month, and from May 15, 2026 to May 15, 2027 at $2,950 per month. With an existing 8 cap rate and low risk profile, this property presents a solid and promising turnkey investment.

Address 1451 E 55th Street

Unit# 1030N


Chicago, IL 60615
Listing Status Active
Asking Price $228,000
Original Listing $228,000 @ 2025-06-25
Rooms
No additional rooms
Square Footage 1280 sf
Bedrooms 3
Full Bathrooms 2
Location
Directions Located in Hyde Park, just east of S Lake Park Ave on E 55th St. The building is on the north side of the street. Easily accessible from Lake Shore Drive or I-90/94. Near Metra and CTA bus stops.
Community Area Campus Hyde Park
Neighborhood HYDE PARK
School District Not Listed
Ownership
Property Type Condo
Asssessment $1,100
Public Records
County Cook
Tax PIN 20142020761270
Property Tax $3,176 for the year 2023
Exterior
Style Attached Single
Material Not Listed
Lot Size CONDO
Fencing Not Listed
Topography Not Listed
Entry Steps 10
Swimming Pool Not Listed
Parking
Yes
Attached
Garage
Total Spaces: 103
Garage Spaces: 103
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 1978
Laundry Location
Elevator Not Listed
Cooling Wall Unit(s)
Heating Natural Gas
Sewer/Septic Public Sewer
Fireplaces Not Listed
Additional Parcels No
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Monthly
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Cooling No
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12402529
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