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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.
| DAYS ON MARKET | 132 | LAST UPDATED | 6/25/2025 |
|---|---|---|---|
| TRACT | Campus Hyde Park | YEAR BUILT | 1978 |
| COMMUNITY | CHI - Hyde Park | COUNTY | Cook |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Ray Elementary School |
|---|---|
| Jr. High School | Kenwood Academy High School |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AMENITIES | Gas, Insurance, Security, Snow Removal, Water |
| AREA | CHI - Hyde Park |
| BASEMENT | None |
| CONSTRUCTION | Concrete |
| GARAGE | Yes |
| HEAT | Natural Gas |
| HOA DUES | 1100 |
| LOT | 0 |
| LOT DIMENSIONS | CONDO |
| PARKING | On Site, Attached, Garage |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Campus Hyde Park |
| TAXES | 3175.92 |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with YOUMU VENTURES LLC
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Copyright 2025 MRED. All rights reserved.
The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2025 MRED. All rights reserved.
This IDX solution is (c) Diverse Solutions 2025.