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Listing provided courtesy of YOUMU VENTURES LLCMREDas Distributed by MLSGrid- MLS# 12648288MLS Provider

1451 E 55th Street #1030NChicago, IL 60615

Condo/Townhouse · 3 Beds · 2 Full Baths · 1,280 Sq. ft.
$227,999 Active

1451 E 55th Street #1030N Overview

Time on Site:
47 days
Visits:
1

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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1451 E 55th Street #1030N Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,280
  • Price/Sq.ft. $178

Details

General

Association/HOA

  • Association Fee: $1,100.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

School Information

  • School District: 299
  • Elementary School: Ray Elementary School
  • Middle Or Junior School: Kenwood Academy High School

Building Information

  • New Construction: No
  • Year Built: 1978

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Hyde Park
  • Subdivision Name: Campus Hyde Park
  • Township: Hyde Park

Rent/Lease Information

  • Lease Expiration: 2027-05-15

Tax Information

  • Tax Annual Amount: $3,997.61
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 20142020761270
  • Pets Allowed: Cats OK, Dogs OK
  • Property Type: Residential
  • Special Listing Conditions: None

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: No
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 103

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Bedrooms Possible: 3

General Information

  • Basement: None
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas
  • Living Area: 1280
  • Living Area Source: Estimated
  • Rooms Total: 4
  • Stories Total: 1

Unit Information

  • Unit Number: 1030N

Exterior

Parking Information

  • Parking Features: Yes, Attached, Garage
  • Parking Total: 103

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: CONDO
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Concrete

General Information

  • Sewer: Public Sewer

Room Information

Room: Bedroom 2

  • Level: Main
  • Dimensions: 12X12

Room: Bedroom 3

  • Level: Main
  • Dimensions: 13X12

Room: Kitchen

  • Level: Main
  • Dimensions: 9X8

Room: Laundry

  • Level: Main
  • Dimensions: 4X4

Room: Master Bedroom

  • Level: Main
  • Dimensions: 15X14

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Dining Room

  • Level: N/A

Room: Family Room

  • Level: N/A

Room: Living Room

  • Level: N/A

1451 E 55th Street #1030N Neighborhood

Community

60615 (Chicago) Demographics

35
Median Age
14,432
Population Density (per sq. mile)
68%
College Educated
$44,658
Estimated Median Income
6,504
Estimated Total Home Owners
15,109
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1451 E 55th Street #1030N Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1451 E 55th Street #1030N Market Data

Based on the last 30 days in this zip code

$411,555
Average List Price
$248
Average Price per Square Foot
30
Properties Sold
82
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network

1451 E 55th Street #1030N History

Date Event Value Agent
5/19/2026Source: MRED Status Change
Active
5/14/2026Source: MRED Added to Database
May 14, 2026