1451 E 55th Street #1030N
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.
- Mahari 400 ft
- Ascione Bistro 400 ft
- Jimmy John's 500 ft
- Maravilla's 650 ft
- Potbelly 800 ft
- Jet's Pizza 800 ft
- Trader Joe's 550 ft
- Open Produce 0.3 mi
- Harper Foods 0.3 mi
- Quick Snacks 0.3 mi
- BP Shop 0.4 mi
- Whole Foods Market 0.5 mi
- Spruce Park 0.2 mi
- Nichols Park 0.2 mi
- Spruce Playlot 0.2 mi
- Bixler Park 0.3 mi
- Cornell Park 0.3 mi
- Bixler Playlot 0.3 mi
- Philz Coffee 0.3 mi
- Capital One Café 0.3 mi
- Dunkin' 0.3 mi
- Starbucks 0.3 mi
- Stan's Donuts & Coffee 0.3 mi
- TrueNorth Cafe 0.3 mi
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MLS data provided through MLS GRID · MRED MLS · MLS# MRD12648288