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About the Listing 88089 - 894641
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.
Listing Highlights for 1451 E 55th Street 1030n
Status
Active
Days on Site
83
Property Type
Condo/Townhome
MLS ®
12402529
Year Built
1978
Total Square Footage
1,280
Lot/Acreage
CONDO
County
Cook
Neighborhood
Campus Hyde Park
Area
CHI - Hyde Park
HOA Dues
1100/Monthly
School District
299
Elementary School
Ray Elementary School
Middle School
Kenwood Academy High School
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Cats OK,Dogs OK
- Water: Public
Exterior Details
- Garage Capacity: 103 car
- Parking Spaces: 103
- Lot Dimensions: CONDO
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Site,Attached,Garage
Financial Details
- Tax Amount: $3,176
- Taxes w/Assessments: N/A
- Tax/Property ID: 20142020761270
- Tax Year: 2023
Payment Calculator
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Listing Location
Questions About..
1451 E 55th Street 1030n Chicago, IL 60615
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