BEDS3
BATHS2 full
SQUARE FEET1,280
MLS#12402529
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONCampus Hyde Park
SCHOOLDistrict 299
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
Property Type: Residential - Condominium
Basement: None
Cooling: Wall Unit(s)
Garage: 99.9
Heating: Natural Gas
Lot Size: CONDO
Stories: 1.0
Taxes: $3,175
Year Built: 1978
Feature Descriptions
Additional rooms: No additional rooms
Association Includes: Heat, Water, Gas, Parking, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
Exterior: Concrete
HOA Fee: 1100/ Monthly
Lot Dimensions: CONDO
Parcel#: 20142020761270
Parking: Yes, Attached, Garage
Pet Allowed: Cats OK, Dogs OK
Sewer: Public Sewer
Total Rooms: 4
Township: Hyde Park
Water: Public
Room Sizes
Bedroom 2: 12X12
Bedroom 3: 13X12
Kitchen: 9X8
Laundry: 4X4
Primary Bedroom: 15X14
Local Schools
Middle School: Kenwood Academy High School
Elementary School: Ray Elementary School
School District: District 299
Listed By / Shown By
Listed By
Agency Name: YOUMU VENTURES LLC
Agency Phone: 312-285-2082
Shown By
Agency Title: Gambino Realtors
Agency Phone: 815-282-2222
Estimate Your Payment
Estimated Payment
$ 1,366.73 per month $1,035.65 Principal & Interest $264.58 Property Tax $66.50 Homeowner's Insurance
1451 E 55th Street, Unit 1030N | MLS# 12402529
This condo located at 1451 E 55th Street, Unit 1030N, Chicago, IL 60615 is currently listed for sale with an asking price of $228,000. This property was built in 1978 and has 3 bedrooms and 2 full baths with 1280 sq. ft. E 55th Street, Unit 1030N is located in the Campus Hyde Park subdivision within the District 299 school district. Search Campus Hyde Park real estate on www.gogambino.com today.