UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 875 sqft
Subdivision Golden Willow
MLS Listing ID IRE4735065
Bedrooms 2
Full Baths 1
HOA Fees $885/qua
HOA Y/N Yes
Year Built 1955
Annual Tax Amount $1,622
Tax Year 2025
Property Sub-Type Condominium
Source ires
Property Description
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.
Location
State CO
County Jefferson
Community Golden Willow
Area Metro Denver
Interior
Interior Features Eat-in Kitchen
Heating Hot Water, Baseboard, Radiant
Fireplaces Type None
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Off Street
Garage Spaces 1.0
Community Features Community Laundry
Utilities Available Electricity Available
View Y/N No
Roof Type Fiberglass
Garage Yes
Building
Lot Description Paved
Sewer Public Sewer
Water City
Level or Stories One
Structure Type Brick
New Construction false
Schools
Elementary Schools Mitchell
Middle Schools Bell
High Schools Jefferson Dist R-1
School District Jefferson Dist R-1
Others
HOA Fee Include Trash,Exterior Maintenance,Water,Heat,Insurance,Sewer
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Nearby Locations
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