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

Beds
3
Baths
2
Sqft
1,280
Garage
Yes
Pool
Yes

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Listed byYOUMU VENTURES LLC
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Overview

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

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
3
Number of bathrooms
2
Square feet
1,280
Year built
1978

Exterior features

Pool
Yes
Horse amenities
Stable

Garage and parking

Garage parking spaces
103

Utilities

Heating
Natural Gas
Cooling
Wall Units
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

HOA Fees
$1,100

Taxes

Tax Annual Amount (2024)
$3,997.61

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Midwest Real Estate Data (MRED) MLS®#: 12648288 Last checked:

Based on information submitted to the MLS GRID as of . 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.