1451 E 55th Street #1030N Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60615
Key Details
Property Type Condo
Sub Type Condo
Listing Status Active
Purchase Type For Sale
Square Footage 1,280 sqft
Price per Sqft $178
Subdivision Campus Hyde Park
MLS Listing ID 12402529
Bedrooms 3
Full Baths 2
HOA Fees $1,100/mo
Year Built 1978
Annual Tax Amount $3,175
Tax Year 2023
Lot Dimensions CONDO
Property Sub-Type Condo
Property 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.
Location
State IL
County Cook
Rooms
Basement None
Interior
Heating Natural Gas
Cooling Wall Unit(s)
Fireplace N
Exterior
Garage Spaces 103.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Concrete
New Construction false
Schools
Elementary Schools Ray Elementary School
Middle Schools Kenwood Academy High School
School District 299,299,299
Others
Pets Allowed Cats OK,Dogs OK
HOA Fee Include Heat,Water,Gas,Parking,Insurance,Security,Pool,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal
Ownership Condo
Special Listing Condition None