1221 Illinois Street # 1F
Golden, CO, 80401 $ 400,000
Bedrooms2 Baths1.0 Sq 875 Monthly Estimate*
$ 2,763
Listed by Berkshire Hathaway HomeServices Colorado Real Estate, LLC
for $400,000 with 2 bedrooms and 1 full bath. This 875 square foot condo was built in 1955.
Back on Market because Buyer Defaulted! Major Price Drop! 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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FeaturesGeneralLiving Area 875
Sewer Public Sewer
Heating Baseboard Hot Water Radiant
Cooling None
Utilities Electricity Connected
Roof Shingle
Appliances Dishwasher Oven Range Refrigerator
HOA Fee 885
Garage Spaces 0
Association Fee Includes Heat Insurance Maintenance Grounds Maintenance Structure Trash Water
Construction Materials Brick
Year Built 1955
Electric 110V 220 Volts
Levels One
Unit Number 1F
Property Subtype Condominium
Parcel Number 082151
Assoc Fee Paid Per Quarterly
County Jefferson
Property Type Residential
Association Amenities Laundry
HOA Y
Attached Garage N
Subdivision Name Golden Willow
Full Baths 1
High School Golden
City Golden
Senior Community Y/N N
High School District Jefferson County R-1
Carport Spaces 0
Elementary School Mitchell
Property Attached Y/N Y
Tax Annual Amount 1622
Middle/Junior High School Bell
Standard Status Active
Middle/Junior School District Jefferson County R-1
Elementary School District Jefferson County R-1
Freehold IDX
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InteriorInterior Amenities Eat-in Kitchen Laminate Counters
Flooring Carpet Laminate
Total Fireplaces 0
Window Features Double Pane Windows
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Common Area
Total Bedrooms 2
Entry Level 1
Total Baths 1
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ExteriorFencing None
Water Source Public
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices Colorado Real Estate, LlcBroker
gregkitz85@gmail.com,303-960-5489Contact
Affordability Calculator
- Monthly Principal & Interest
- $2,763
- Monthly Property Taxes
- $135
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Golden, CO
Average List Price $518,786
Percent of Sale Price 30%
About Golden, CO 21,030 Population
22% Since 2002
$ 66,642 Median Income
35.48 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
3043919 Elementary School
1955854 Middle School
Golden High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2026 | $400,000 | -8.05% | Price Down |
| 5/4/2026 | $435,000 | -8.42% | Price Down |
| 3/30/2026 | $475,000 | -5.00% | Price Down |
| 2/13/2026 | $500,000 | | Listed Price |