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

• 3 beds |
• 2 baths |
• 1,280 sqft

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:18AM

Listing Office:

YOUMU VENTURES LLC : 312-285-2082

Listing Agent:

Safwan Patel : 312-843-4997

MLS ID:

12648288

Interior

• Rooms: No additional rooms
• Basement: None
• A/C: Wall Unit(s)
• Heating: Natural Gas
• Disability Feature: None

Exterior

• Parking: YesAttachedGarageParking spaces: 103

Location

• HOA Amenities: HeatWaterGasParkingInsuranceSecurityPoolExterior MaintenanceLawn CareScavengerSnow Removal1100.0Monthly
• Originating MLS: mred
• School District: 299
• County: Cook

Lot

• Zoning: 20142020761270

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: mred
• Ownership: Condo