$228,000
1451 E 55th St Apt 1030N, Chicago, IL 60615
- 3Beds
- 2Baths
- 1280SqFt
- 3Beds
- 2Baths
- 1280SqFt
- Property TypeCondo
- Year Built1978
- HOA Fees$1100/mo
- Price per Sqft$178
- On highrises77 Days
- Garage103 Cars
- Pet PolicyPets OK
Property Details
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.
Property Features
Bedrooms
- Bedrooms: 3
- Bedrooms Possible: 3
- Primary Bedroom Dimensions: 15' x 14'
- Bedroom 2 Dimensions: 12' x 12'
- Bedroom 3 Dimensions: 13' x 12'
- Primary Bedroom Level: Main
- Bedroom 2 Level: Main
- Bedroom 3 Level: Main
Property History
Neighborhood
Environmental Risk
Nearby Home Values
- Presented by:
- Xiansong Liu
- state license#471021591
- Brokered by:
- YOUMU VENTURES LLC
- (312) 888-5486