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Listed price in listed location currency (USD).
$228,000

32103

MLS® 12402529

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Condominium
Levels Residential
Size 1280 sqft
Garage Yes
HOA Fees $1,100
Taxes $3,176
Days Active 199
Approx. Age 1978
Avg. Price Per Sqft $178
MLS® Number 12402529

Property Address: apt-1030n-1451 E 55th St, Chicago, IL, 60615-5441

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number12402529
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1978
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Bedroom 3:Main Floor12 × 13 ft
Kitchen:Main Floor8 × 9 ft
Bedroom 2:Main Floor12 × 12 ft
Master Bedroom:Main Floor14 × 15 ft
Laundry:Main Floor4 × 4 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 25, 2025List Date
$228,000List Price
  • Commute

Commute

Starting Address
Destination Address
1451 E 55 Th St, Chicago, IL

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