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1451 E 55th Street 1030N, Chicago, IL 60615

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Listing Type
Condo/Townhome
Listing Status
active
18
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$228,000

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Home Details for 1451 E 55th Street 1030N
Price
$228,000
Type
Condo/Townhome
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Year Build
1978
Sq. Ft.
1280
County
Cook
Total Rooms
4
Garage
103
Basement
None
Tax
$3,175.92
Hoa
$1,100
MLS®️ Listing#
12402529
On exitrealty.com
110 days
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.
Property Features
Listing Courtesy: YOUMU VENTURES LLC - 312-285-2082
mls_icon Based on information submitted to the MLS GRID as of 2025-09-03 21:22:03. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-09-03 21:22:03
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EXIT TRUE DESIGN REALTY
11070 S. Western Ave. Suite 7, Chicago, IL 60643
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$228,000

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EXIT TRUE DESIGN REALTY
11070 S. Western Ave. Suite 7, Chicago, IL 60643
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