1451 55th Street, Hyde Park, Chicago, Illinois 60615
$227,999
|
For Sale
|
|
| Status: | Active |
| Sqft: | 1,280 |
| Cost/Sqft: | $178 |
| Beds: | 3 |
| Baths: | 2 |
| Year Built: | 1978 |
| Property Taxes: | $3,998 |
| Days On Market: | 169 |
| Lot Size: | 0,00 |
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 Specifics
| Condos/Townhomes | |
| 1 | |
| — | |
| 1978 | |
| 2025 | |
| None | |
| Concrete | |
| — | |
| — | |
| No | |
| Yes | |
| — |
| Cook | |
| Campus Hyde Park | |
| 1100 / Monthly | |
| Heat, Water, Gas, Parking, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal | |
| Public | |
| Public Sewer | |
| Wall Unit(s) | |
| Natural Gas | |
| 12648288 | |
| 20142020761270 |
Nearby Schools
| NAME: | DISTRICT: | DISTANCE: | |
|---|---|---|---|
|
Grade School
Ray Elementary School |
299 | — | |
|
Middle School
Kenwood Academy High School |
299 | Not in DB | |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: 15X14
Floor Type: —
Dimensions: 12X12
Floor Type: —
Dimensions: 13X12
Floor Type: —
Full Bathrooms: 2
Bathroom Amenities: —
Bathroom in Basement: 0
Dimensions: 9X8
Floor Type: —
Dimensions: 4X4
Floor Type: —
Rooms: No additional rooms
Other Specifics
| 103 | |
| — | |
| Attached, Garage | |
| — | |
| — | |
| — | |
| — | |
| — | |
| CONDO | |
| — | |
| Full | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — |
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Listing Provided By
YOUMU VENTURES LLC
