About The Property

Excellent investment opportunity in the beautiful and historic Drexel Boulevard corridor. This spacious 1-bedroom, 1-bath condominium features wood-finish flooring throughout, a cozy fireplace, fresh paint, and a large bathroom with dual vanities. The well-maintained building offers secure fob entry, an included exterior parking space, and low HOA dues. Currently tenant-occupied with an excellent long-term tenant paying $1,750 per month. The lease is in place through March 1, 2027, allowing the new owner to earn rental income from day one with stable, predictable cash flow already in place. A professionally maintained, turnkey investment opportunity ready to generate immediate income.
Courtesy of LPT Realty LLC [email protected]
Listing Snapshot
Days Online
3
Last Updated
Property Type
Condominium
Beds
1
Full Baths
1
Square Ft.
900
Year Built
2004
MLS Number
12677833
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Additional Details

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Basement
"None"
Building
Area: 900, Construction Materials: "Brick", Built in 2004, Rebuilt: Yes
Cooling
"Central Air"
Accessibility Features
No
Fireplaces
1 fireplace, Location: Living Room
Heating
"Natural Gas"
Home Owner's Association
Dues: $448, Dues Frequency: Monthly, Dues include: "Heat", "Water", "Gas", "Parking", "Insurance", "Security", "Exterior Maintenance", "Scavenger", "Snow Removal", "Internet"
Laundry
"In Unit"
Lot
Dimensions: CONDO
Parking
Parking included in price, Parking Total: 1, "Assigned", "Yes"
Pets Policy
Description: "Cats OK", "Dogs OK"
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan", "Public"
Taxes
Annual Taxes: $2,918, Year: 2023, Exemptions: Homeowner
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30 Days Snapshot Of 60653
$378k
-1%
(avg) sold price
14
-26%
homes sold
34
-15%
(avg) days on market
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Monthly Payment
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