1451 East 55th Street 1030n, Chicago, IL, 60615
$228,000
3
Beds
2
Baths
1,280
Square feet
About 1451 East 55th Street 1030n
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.
Additional Information: This property is located in the CHI - Hyde Park neighborhood, IL. This 3 bedrooms attached single property is priced at $178/sqft.
Facts & Features
| MLS® # | 12402529 |
|---|---|
| Price | $228,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,280 |
| Price per Square Footage | $178.13 |
| Taxes | $3,176 |
| HOA Fees | $1,100 |
| HOA Fees Freq. | Monthly |
| Acres | 0.00 |
| Year Built | 1978 |
| Type | Residential |
| Sub-Type | Attached Single |
| Status | Active |
Community Information
| Address | 1451 East 55th Street 1030n |
|---|---|
| Area | CHI - Hyde Park |
| Subdivision | Campus Hyde Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60615 |
Amenities
| Parking Spaces | 103 |
|---|---|
| Parking | On Site, Attached, Garage |
| # of Garages | 103 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Natural Gas |
|---|---|
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | Yes |
| Basement | None |
Exterior
| Exterior | Concrete |
|---|
School Information
| District | 299 |
|---|---|
| Elementary | Ray Elementary School |
| Middle | Kenwood Academy High School |
Additional Information
| Days on Market | 117 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $3,176 |
Listing Details
| Office | YOUMU VENTURES LLC |
|---|---|
| Contact Info | tony@yomuventures.com |