1451 East 55th Street 1030n, Chicago, IL

$228,000

Previous Next

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.

Features of 1451 East 55th Street 1030n

MLS® # 12402529
Price $228,000
Bedrooms 3
Bathrooms 2.00
Full Baths 2
Square Footage 1,280
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 111
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 1100
HOA Fees Freq. Monthly

Listing Details

OfficeYOUMU VENTURES LLC
Contact Infotony@yomuventures.com

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?