University Park 1400 E 55th Place Unit 1002S Chicago, IL 60637
Hyde Park NeighborhoodEstimated payment $2,824/month
Total Views
122,264
3
Beds
2
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Doorman
- Fitness Center
- Elevator
- Kenwood Academy High School Rated A-
- Community Pool
- Resident Manager or Management On Site
About This Home
Attention, investors! One of only four original 3 bedroom units in the entire University Park Condo (UPC) building in the heart of Hype Park, Chicago, with 3 bedrooms and 2 bathrooms is rented (renewed to 3 tenants) through Aug. 31, 2026. The UPC building is in very high demand for rentals among University of Chicago employees and graduate students, which makes it an excellent investment opportunity. This large top-floor corner condo has a remarkable 17 windows that provide an excellent natural light year-round. Very spacious bedrooms have updated flooring. The building features on-site management, 24/7 door staff, elevators, multiple laundry rooms, additional storage, and an outdoor swimming pool. The UPC is located in close proximity to all of Hyde Park's amenities: Trader Joe's, Whole Foods, popular restaurants, and more. Steps from numerous public transportation options, including the university of Chicago Campus buses and Metra around the corner. Street parking is easy.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,811
Year Built
- Built in 1961
HOA Fees
- $1,265 Monthly HOA Fees
Home Design
- Entry on the 10th floor
- Brick Exterior Construction
Interior Spaces
- Family Room
- Combination Dining and Living Room
- Vinyl Flooring
- Laundry Room
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, water, gas, insurance, security, doorman, tv/cable, pool, exterior maintenance, lawn care, scavenger, snow removal
- 540 Units
- Megan Serena Association, Phone Number (773) 324-1414
- High-Rise Condominium
- University Park Condos Subdivision, Condo Floorplan
- Property managed by First Service Residential
- 10-Story Property
Amenities
- Doorman
- Coin Laundry
- Elevator
- Service Elevator
- Package Room
Recreation
- Community Pool
Pet Policy
- Pets up to 50 lbs
- Limit on the number of pets
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Map
About University Park
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,811 | $23,527 | $5,093 | $18,434 |
| 2023 | $3,702 | $18,000 | $4,107 | $13,893 |
| 2022 | $3,702 | $18,000 | $4,107 | $13,893 |
| 2021 | $3,619 | $17,999 | $4,107 | $13,892 |
| 2020 | $2,957 | $13,273 | $3,285 | $9,988 |
| 2019 | $2,904 | $14,455 | $3,285 | $11,170 |
| 2018 | $2,855 | $14,455 | $3,285 | $11,170 |
| 2017 | $1,507 | $13,077 | $2,710 | $10,367 |
| 2016 | $2,619 | $13,077 | $2,710 | $10,367 |
| 2015 | $2,396 | $13,077 | $2,710 | $10,367 |
| 2014 | $2,084 | $16,005 | $2,217 | $13,788 |
| 2013 | $2,091 | $16,005 | $2,217 | $13,788 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | Price Changed | $235,000 | -5.6% | -- |
| 06/27/2025 06/27/25 | For Sale | $249,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Guardian Deed | $173,500 | Chicago Title | |
| Warranty Deed | $199,000 | Chicago Title Insurance Comp | |
| Deed | $165,000 | -- | |
| Warranty Deed | $120,000 | Chicago Title Insurance Co | |
| Warranty Deed | $74,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $158,000 | Unknown | |
| Previous Owner | $118,000 | Unknown | |
| Previous Owner | $115,500 | No Value Available | |
| Previous Owner | $70,750 | No Value Available |
Source: Public Records
About the Listing Agent
Ali specializes in residential sales and leasing in several of Chicago’s top markets, with an emphasis on The Loop, South/West Loop, River North, Hyde Park, Wicker Park and Bucktown. He joined our boutique brokerage in 2014, and brought with him team and project management experience from various industries. His service is founded on hard work and attentiveness throughout the process, plus a deep appreciation for honesty and clear communication.
Ali enjoys exploring Chicago’s
Ali's Other Listings
Source: Midwest Real Estate Data (MRED)
MLS Number: 12405060
APN: 20-14-202-076-1288
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