1451 East 55th #1030N, Chicago IL 60615
- Bedrooms 3
- Bathrooms 2
- Taxes $3,175.92
- HOA $1,100
- Payment Estimate View Mortgage Calculator
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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.
Features & Information
Key Details
- List Price $228,000
- Property Taxes 3175.92
- Unit Floor Level 10
- Square Feet 1280
- Price/ Sq. Ft. $178.12
- Year Built 1978
- Parking Type Garage
- Status Active
Rooms
- Total Rooms 4
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Master Bedroom
- Master Bath F
- Room Size 15X14
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Bedroom 2
- Room Size 12X12
- Floor Level Main Level
-
Bedroom 3
- Room Size 13X12
- Floor Level Main Level
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Kitchen
- Room Size 9X8
- Floor Level Main Level
Interior Features
-
Heating & Cooling
- Heating Type Gas
Exterior Features
-
Parking
- Parking Garage
- # of Cars 103
Building Information
- Number of Units 270
- Age of Building 41-50 Years
- Exterior Construction Concrete
-
Pets
- Pets Allowed? Y
- Pet Types Cats OK,Dogs OK
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property Located In Hyde Park, Just East Of S Lake Park Ave On E 55th St. The Building Is On The North Side Of The Street. Easily Accessible From Lake Shore Drive Or I-90/94. Near Metra And Cta Bus Stops.
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Schools
- Elementary School District 299
- School Name Ray Elementary School
- Junior High District 299
- School Name Kenwood Academy High Scho
- High School District 299
-
Property Taxes
- Tax 3175.92
- Tax Year 2023
- Parcel Identification Number 20142020761270
Utilities
- Sewer Sewer-Publ
Listed by Xiansong Liu for YOUMU VENTURES LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 7/4/2025 4:32 AM. 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.
Explore Hyde Park
Hyde Park is home of the prestigious University of Chicago and the Museum of Science and Industry. This once prosperous hotel and lakeside resort area on Chicago's south side is quickly returning to its former glory with new residential development and scenic waterfront landscapes. The breathtaking sliver of shoreline along Lake Michigan is usually speckled with walkers, joggers, bikers and stroller-pushers, while the museum grounds teem with visitors from around the world. The rest of Hyde Park accommodates residents and students with a diverse mix of restaurants, bookshops, historic landmarks and several seasonal events, bike tours and neighborhood street festivals. Throughout Hyde Park are stunning vintage buildings and treasured architectural gems, some designed by famous architects such as Frank Lloyd Wright and Mies van der Rohe.
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