1451 E 55th Street 1030n,Chicago, IL 60615
Chicago, IL 60615
Description
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.
Details
| MLS # | 12648288 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $1,100 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 125 |
| Listing Provided By | YOUMU VENTURES LLC | Safwan Patel |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,280 |
| Garage | 103 |
| Story(s) | 1 |
Interior
| Rooms Total | 4 |
|---|---|
| Cooling | Wall Unit(s) |
| Heating | Natural Gas |
Exterior
| Construction Materials | Concrete |
|---|
Parking
| Parking Features | Yes, Attached, Garage |
|---|---|
| Garage Spaces | 103 |
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 3997.61 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | CHI Hyde Park |
| Community Name | Campus Hyde Park |
| School District | Kenwood Academy High School |
| Elementary School | Ray Elementary School |
| Listing VS Median (in Campus Hyde Park) | |
Price: $227,999 low | high Med: $276,500 sqft: 1,280 low | high Med: 1,490 $ / sqft: $178 low | high Med: $185 On site: 125 low | high Med: 73.5 | |
Market Activity 60615
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60615 |
| Area | CHI Hyde Park |
| Community Name | Campus Hyde Park |
| School District | Kenwood Academy High School |
| Elementary School | Ray Elementary School |
| Listing VS Median (in Campus Hyde Park) | |
Price: $227,999 low | high Med: $276,500 sqft: 1,280 low | high Med: 1,490 $ / sqft: $178 low | high Med: $185 On site: 125 low | high Med: 73.5 | |
