Metro Denver Luxury Homes For Sale

Property Description

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.

Features
: Radiant, Baseboard, Hot Water
: None
: None
: 1
: Dishwasher, Range, Refrigerator, Oven
: Laundry
: Shingle
: Public Sewer
Address Map
CO
Jefferson
Golden
80401
Illinois
1221
Street
Golden Willow
W106° 46' 34.5''
N39° 45' 11.2''
Additional Information
$885
Quarterly
: Insurance, Maintenance Grounds, Trash, Water, Heat, Maintenance Structure
: Brick
: 220 Volts, 110V
Mitchell
: Carpet, Laminate
Golden
: Eat-in Kitchen, Laminate Counters
Yes
Yes
1031 Exchange, Cash, Conventional
Bell
Berkshire Hathaway HomeServices Colorado Real Estate, LLC
082151
: None
: Low Rise (1-3)
Golden Willow
$1,622
2025
: Electricity Connected
: Double Pane Windows
02/12/2026
875
Active
Yes
155065271
IRE01
Jefferson County R-1
1
Jefferson County R-1
Common Area
Jefferson County R-1
03/30/2026
1
02/13/2026
1F
Public
: One

Golden Willow

1221 Illinois Street, Golden, CO 80401

2 Bedrooms
1 Total Baths
875 Square Feet
$475,000
Listing ID #4735065
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 4735065
Price : $475,000
Bedrooms : 2
Rooms : 5
Total Baths : 1
Full Bathrooms : 1
Square Footage : 875 Square Feet
Year Built : 1955
Property Sub Type : Condominium
Status : Active
Co List Agent Full Name : Sharon Kitzmiller
Co List Office Name : Berkshire Hathaway HomeServices Colorado Real Estate, LLC
Originating System Name : REcolorado
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