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melanie@mccluskyteam.com

$227,999

Est. payment - /mo

3 Beds

2 Baths

1,280 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,280 sqft

Price per Sqft $178

Subdivision Campus Hyde Park

MLS Listing ID 12648288

Bedrooms 3

Full Baths 2

HOA Fees $1,100/mo

Year Built 1978

Annual Tax Amount $3,997

Tax Year 2024

Lot Dimensions CONDO

Property Sub-Type Condo

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.

Location

State IL

County Cook

Area Chi - Hyde Park

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Wall Unit(s)

Fireplace N

Exterior

Garage Spaces 103.0

Building

Dwelling Type Attached Single

Building Description Concrete, No

Story 1

Sewer Public Sewer

Water Public

Structure Type Concrete

New Construction false

Schools

Elementary Schools Ray Elementary School

Middle Schools Kenwood Academy High School

School District 299 , 299, 299

Others

HOA Fee Include Heat,Water,Gas,Parking,Insurance,Security,Pool,Exterior Maintenance,Lawn Care,Scavenger,Snow Removal

Ownership Condo

Special Listing Condition None

Pets Allowed Cats OK, Dogs OK

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Listed by Safwan Patel of YOUMU VENTURES LLC

Nearby School & Business

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1451 E 55th ST #1030N Chicago, IL 60615

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