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

Local realty services provided by:Better Homes and Gardens Real Estate Connections
1451 E 55th Street #1030N,Chicago, IL 60615
$228,000
  • 3 Beds
  • 2 Baths
  • 1,280 sq. ft.
  • Condominium
  • Active
Listed by:xiansong liu
Office:youmu ventures llc.
MLS#:12402529
Source:MLSNI

Price summary

  • Price:$228,000
  • Price per sq. ft.:$178.13
  • Monthly HOA dues:$1,100

About this home

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.

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Home facts

  • Year built:1978
  • Listing ID #:12402529
  • Added:92 day(s) ago
  • Updated:September 25, 2025 at 01:28 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,280 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1978
  • Building area:1,280 sq. ft.

Schools

  • Middle school:Kenwood Academy High School
  • Elementary school:Ray Elementary School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$228,000
  • Price per sq. ft.:$178.13
  • Tax amount:$3,176 (2023)
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