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.
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Zillow last checked:
Listing updated:
Listed by:
Greg Kitzmiller303-960-5489gregkitz85@gmail.com,
Berkshire Hathaway HomeServices Colorado Real Estate, LLC,
Sharon Kitzmiller720-206-4398,
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Source: REcolorado as distributed by MLS GRID,MLS#: 4735065
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2
Bedroom
Level: Main
Bedroom
Level: Main
Bathroom
Level: Main
Kitchen
Level: Main
Living room
Level: Main
Heating
Baseboard, Hot Water, Radiant
Cooling
None
Appliances
Included: Dishwasher, Oven, Range, Refrigerator
Laundry: Common Area
Features
Eat-in Kitchen, Laminate Counters
Flooring: Carpet, Laminate
Windows: Double Pane Windows
Has basement: No
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 875
Total interior livable area: 875 sqft
Finished area above ground: 875
Property
Parking
Total spaces: 1
Details: Off Street Spaces: 1
Features
Levels: One
Stories: 1
Fencing: None
Details
Parcel number: 082151
Special conditions: Standard
Construction
Type & style
Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes
Materials
Brick
Condition
Updated/Remodeled
Year built: 1955
Utilities & green energy
Electric: 110V, 220 Volts
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected
Community & HOA
Community
Subdivision: Golden Willow
HOA
Has HOA: Yes
Amenities included: Laundry
Services included: Heat, Insurance, Maintenance Grounds, Maintenance Structure, Trash, Water
HOA fee: $885 quarterly
HOA name: Golden Willow Condominium Association
HOA phone: 303-279-2204
Location
Region: Golden
Financial & listing details
Price per square foot: $497/sqft
Tax assessed value: $269,472
Annual tax amount: $1,622
Date on market: 2/12/2026
Listing terms: 1031 Exchange,Cash,Conventional
Exclusions: Tenants Personal Property, Window Air Conditioner
Ownership: Corporation/Trust
Electric utility on property: Yes
Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/13/2026
Pending sale
$435,000$497/sqft
Source: REcolorado as distributed by MLS GRID #4735065Report a problem
5/4/2026
Price change
$435,000-8.4%$497/sqft
Source: REcolorado as distributed by MLS GRID #4735065Report a problem
3/30/2026
Price change
$475,000-5%$543/sqft
Source: REcolorado as distributed by MLS GRID #4735065Report a problem
2/13/2026
Listed for sale
$500,000+963.8%$571/sqft
Source: REcolorado as distributed by MLS GRID #4735065Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.