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Home » Real Estate » CO » Golden » 80401 » 1221 Illinois St, #1F, Golden, CO, 80401
$500,000

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

2 Beds
1 Bath
875 Square Feet
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.
Offered By
Greg Kitzmiller, Berkshire Hathaway HomeServices Colorado Real Estate, LLC

Property Details

Property Type Residential
Status Active
Bedrooms 2
Bathrooms (Full) 1
Property Sub Type Condominium
Square Feet 875
MLS # 4735065

Market Trends

New Properties On Market
38
138% Increase In New Listings
Average Asking Price
$910,622
$53,303 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$394
$18 Decrease In List Price/Sq. Ft.
Average Days On Market
17
20 Day Decrease In Days On Market
Data as of Mar 14, 2026. Remaining statistics above are calculated on activity within the period from Jan 01, 2026 to Feb 28, 2026.

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