1451 E 55th Street
, IL, 60615
Price$227,999
Beds3
Baths2
SqFt1,280
Baths2
SqFt1,280
Status:Active
Property Type:Residential
School:
Property Type:Residential
School:
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.
| Price | $227,999 | |
| Bedrooms | 3 | |
| Full Baths | 2 | |
| Half Baths | 0 | |
| Total Baths | 2 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Attached Single Family | |
| Year Built | 1978 | |
| Heating | Gas, Wall Unit(s) | |
| Parking Description | Attached, Other | |
| Parking Spaces | 103 | |
| Association Amenities | Landscaping,Pool,Other Fee Includes,Snow Removal,Security,Utilities (See Remarks) | |
| Directions | 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. | |
| Latitude | 41.795353 | |
| Longitude | -87.590248 | |
| Market Area | Any Other Areas | |
| Address | 1451 E 55th Street #1030N, IL 60615 | |
| Unit | 1030N | |
| Postal Code | 60615 | |
| State | IL | |
| Country | United States | |
| Listing Office | YOUMU VENTURES LLC | |
| Listing Office Phone | 312-285-2082 | |
| Listing Office Email | [email protected] | |
| Listing Agent | Safwan Patel | |
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | May 14, 2026 | |
| Listing Last Modified | May 20, 2026 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 3997 | |
| MLS Area | Any Other Areas | |
| MLS # | MRD12648288 | |
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