1451 55th Street

About this home

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.

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Price & tax history

From the listing's MRED record. MRED does not publish per-change dates through IDX, so price changes are shown without one rather than guessed.

Schools

Assigned schools per the listing's MRED record. Always verify with the district before you buy.

• Elementary

  Ray Elementary School

  299

• Middle

  Kenwood Academy High School

  299

Where it sits

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