University Park 1451 E 55th St Unit 1030N Chicago, IL 60615
Hyde Park NeighborhoodEstimated payment $2,614/month
Total Views
6,305
3
Beds
2
Baths
1,280
Sq Ft
$178
Price per Sq Ft
Highlights
- Water Views
- Living Room
- Dining Room
- Kenwood Academy High School Rated A-
- Laundry Room
- 5-minute walk to Spruce Park
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.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,176
Year Built
- Built in 1978 | Remodeled in 2025
HOA Fees
- $1,100 Monthly HOA Fees
Parking
- 103 Car Garage
- Parking Included in Price
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,280 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Water Views
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 2 Full Bathrooms
Schools
- Ray Elementary School
- Kenwood Academy High Middle School
Utilities
- Heating System Uses Natural Gas
Community Details
Overview
- Association fees include heat, water, gas, parking, insurance, security, pool, exterior maintenance, lawn care, scavenger, snow removal
- 270 Units
- Association Phone (773) 324-1414
- Campus Hyde Park Subdivision
Pet Policy
- Dogs and Cats Allowed
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 | $3,176 | $19,836 | $4,294 | $15,542 |
| 2023 | $3,085 | $15,000 | $3,463 | $11,537 |
| 2022 | $3,085 | $15,000 | $3,463 | $11,537 |
| 2021 | $3,016 | $14,999 | $3,462 | $11,537 |
| 2020 | $1,802 | $11,191 | $2,770 | $8,421 |
| 2019 | $1,760 | $12,187 | $2,770 | $9,417 |
| 2018 | $1,729 | $12,187 | $2,770 | $9,417 |
| 2017 | $1,647 | $11,025 | $2,285 | $8,740 |
| 2016 | $1,708 | $11,025 | $2,285 | $8,740 |
| 2015 | $1,540 | $11,025 | $2,285 | $8,740 |
| 2014 | $1,740 | $13,493 | $1,869 | $11,624 |
| 2013 | $1,976 | $13,493 | $1,869 | $11,624 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | For Sale | $228,000 | 0.0% | $178 / Sq Ft |
| 12/12/2024 12/12/24 | Off Market | $2,800 | -- | -- |
| 11/07/2024 11/07/24 | For Rent | $2,800 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $10,500 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $125,600 | New Conventional | |
| Previous Owner | $70,000 | Unknown |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12402529
APN: 20-14-202-076-1270
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