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3 Beds
2 Baths
1,280 sqft

$227,999

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

Price per sqft$178.12
Built in1978
Property size1,280 sqft
Property typeCondominium
Listed by Safwan Patel with YOUMU VENTURES LLC 312-843-4997

Overview

Active

Listed May 14, 2026

Updated 3 weeks ago

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.

$1,517/mo

Est. mortgage payment based on a $227,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12648288

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Other Property Details

Taxes
$3,998
Tax Frequency
Annually
Association Fee Frequency
Monthly
Garage
Yes
Pets Allowed
Yes
MLS provider logo

Listed by Safwan Patel with YOUMU VENTURES LLC 312-843-4997

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Vergis H. Eiland III are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 8/25/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 9:32 AM UTC on 8/25/2026. 

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