Loading Photos
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 |
| Square Footage | 1280 sf |
| Bedrooms | 3 |
| Full Bathrooms | 2 |
| 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 |
| Property Type | Condo |
| Asssessment | $1,100 |
| County | Cook |
| Tax PIN | 20142020761270 |
| Property Tax | $3,176 for the year 2023 |
| 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 |
| 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 |
| Platform | MRED |
| AOR | |
| MLS Number | MRD12402529 |
| Courtesy of | YOUMU VENTURES LLC |
https://www.chicagotopcondos.com/MRD12402529