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1221 Illinois Street #1F, Golden, CO, 80401

2beds
1baths
875sqft
$435,000
$497price/sqft
$2,742/moest. monthly cost
$109,680/yrincome needed

About This Home

Price Improvement! Turn-Key Investment Opportunity in the Heart of Downtown Golden – Leased Through May 2027 Welcome to 1221 Illinois Street, Unit 1F — a rare opportunity to secure a two-bedroom condo with a tenant in place through May 2027, offering immediate and stable rental income in one of Golden’s most desirable locations. Perfectly positioned directly across from the Colorado School of Mines and just steps from historic downtown Golden, this unit combines dependable cash flow with long-term appreciation potential in a supply-constrained market. Investment Highlights: Two-bedroom layout ideal for roommate configuration or strong tenant appeal Lease secured through May 2027 — built-in income stability Prime location across from Colorado School of Mines Walking distance to downtown Golden amenities Strong rental demand driven by students, faculty, professionals, and outdoor enthusiasts Low-maintenance condo ownership in a high-demand corridor Golden consistently attracts renters due to its unique blend of small-town charm and outdoor lifestyle. From this unbeatable location, tenants enjoy easy access to: Clear Creek Trail for kayaking, tubing, biking, and scenic walks Washington Avenue dining, breweries, and local shops Coors Brewery, seasonal festivals, and year-round community events Hiking and biking at North & South Table Mountain Quick commute to Denver, Federal Center, and mountain corridors Two-bedroom units near Mines are especially desirable, as they provide flexible living arrangements and strong leasing appeal. With a lease secured well into 2027, this property offers predictable income while positioning the owner to benefit from Golden’s continued growth and long-term appreciation. Whether you’re building a portfolio, completing a 1031 exchange, or seeking a low-maintenance investment in a premier Front Range location, Unit 1F delivers stability, location, and long-term upside.

Getting Around

88
WalkingVery Walkable
32
TransitSome Transit
66
BikeBikeable

Schools

9/10
7/10
Bell Middle SchoolGrades 6-82.0 mi
9/10
Golden High SchoolGrades 9-120.9 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1955

Materials

  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Oven,Range,Refrigerator
  • Laundry features: Common Area

Bathroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Features

  • Eat-in Kitchen,Laminate Counters
  • Window features: Double Pane Windows
  • Flooring: Carpet,Laminate
  • Finished area above ground: 875
  • Common walls with other units/homes: 2+ Common Walls

Heating & Cooling

  • Heating features: Baseboard,Hot Water,Radiant
  • Cooling features: None

Interior Area

  • Total structure area: 875
  • Total interior livable area: 875 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Details

  • Parcel number: 082151
  • Attached to another structure: Yes
  • Special condition: Standard
  • Exclusions: Tenants Personal Property,Window Air Conditioner

Features

  • Levels: One
  • Stories: 1
  • Fencing: None

Parking

  • Total spaces: 1