IL
Cook
Chicago
60615
1451 E 55th Street 1030N
1451 E 55th Street 1030N, Chicago, IL 60615
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Listing Type
Condo/Townhome
Listing Status
active
18
$228,000

Home Details for 1451 E 55th Street 1030N

Price
$228,000
Type
Residential
Bedrooms
3
Bathrooms
2.0
Square feet
1280
Year built
1978
County
Cook
Total rooms
4
Garage
103
Basement
None
Days on site
90
MLS Listing#
12402529
Hoa
1100
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
  • Parking
    • On Site
    • Attached
    • Garage
  • Cooling Information
    • Wall Unit(s)
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • None
School Information
School Information for 1451 E 55th Street 1030N, Chicago, IL 60615
Elementary School
Ray Elementary School
Middle School
Kenwood Academy High School
High School
N/A
Listing Courtesy: YOUMU VENTURES LLC - 312-285-2082
Midwest Real Estate Data logo 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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Market statistics compiled from data from Midwest Real Estate Data.
EXIT REAL ESTATE SPECIALISTS
2405 Essington Rd. Unit 1, Joliet, IL 60435
Eddie Ruettiger
License #: 471022127
Franchisee
Office
815 457 7575
Agent
815 823 5478
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