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$228,000
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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.
Full Property Details
Full Property Details for 1451 E 55th St #1030N
General
- Price: $228,000
- HOA FEE: $1,100/month
- Taxes: $3,175 (2023)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12402529
- Updated: 1/5/2026
- Added to Site: 250 day(s) ago
Interior
- Basement: None
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 103
- Total Spaces: 103
- Parking Features: Yes, Attached, Garage
Location
- Area: CHI - Hyde Park
- County: Cook
- Township: Hyde Park
- Subdivision: Campus Hyde Park
- Driving 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.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Ray Elementary School
- Middle School: Kenwood Academy High School
Community
- Assoc. Fees Include: Heat, Water, Gas, Parking, Insurance, Security, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
- Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Structure Type: Condo
- Construction: Concrete
- Exterior Const.: Concrete
- Basement Desc.: None
- Entry Floor Number: 10
- Stories/Levels: 1
- Square Feet: 1,280
- Sq. Ft. Source: Estimated
- Year Built: 1978
- Remodeled/Updated: 2025
Unit Information
- Units in Building: 270
Lot Features
- Lot Dimensions: CONDO
Animals
- Animals Allowed: Cats OK, Dogs OK
Water Features
- Water View: Yes
- Water Front View: Side(s) of Property
Financial Considerations
- Association Fee: $1,100
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1978
- Tax Amount: $3,175.92
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 20142020761270
Listed by Youmu Ventures Llc
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Schools
Schools serving 1451 E 55th St #1030N
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ray Elementary School 5631 South Kimbark Avenue, Chicago, IL 60637 | 7-8 | 0.3 mi |
Kenwood Academy High School 5015 South Blackstone Avenue, Chicago, IL 60615 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1451 E 55th St #1030N
Date
Details
Price
Change
Source
6/25/2025
Listed
$228,000
2071.43%
MLS
2/24/2020
Sold
$10,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1451 E 55th St #1030N
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,176
3%
$14,999
—
2022
$3,085
2%
$14,999
—
2021
$3,016
67%
$14,999
34%
2020
$1,802
2%
$11,191
-8%
2019
$1,760
2%
$12,187
—
2018
$1,729
5%
$12,187
11%
2017
$1,647
-4%
$11,025
—
2016
$1,708
11%
$11,025
—
2015
$1,540
-11%
$11,025
-18%
2014
$1,740
-12%
$13,493
—
2013
$1,976
38%
$13,493
—
2012
$1,428
—
$13,493
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1451 E 55th St #1030N
1451 E 55th Street #1030N, Chicago, IL 60615 (MLS# 12402529) is a Condo property with 3 bedrooms and 2 full bathrooms. 1451 E 55th Street #1030N is currently listed for $228,000 and was received on June 25, 2025. Want to learn more about 1451 E 55th Street #1030N? Do you have questions about finding other Condo real estate for sale in Hyde Park? You can browse all Hyde Park real estate or contact a Coldwell Banker agent to request more information.

