Active

4850 S Lake Park Avenue Unit: 1604

Chicago IL, 60615

$31,600


$39.50 per sqft

Active

1 Bed

1 Bath

800 sqft

Condos

Built in 1970

Courtesy of Real Broker, LLC

This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style. The unit features a reasonable monthly carrying charge of 905, which covers a comprehensive list of utilities including gas, water, heat, air conditioning, cable, and common area amenities, making for a predictable and low-maintenance living situation. The light bill typically runs around 95 per month. The building offers the added benefit of 24/7 security, ensuring peace of mind for residents. There's also an on-site garage with parking available for as low as 75 per month, which is a rarity in Hyde Park and a great perk for those with a car. This is an owner-occupied building, so the unit is not available for investment purposes-making it ideal for buyers looking to live in the space themselves. The settlement required is relatively low at about 3,000, making it an affordable option for first-time buyers or those looking to downsize. In addition, the seller is willing to purchase a brand-new refrigerator for the buyer, which can be a nice perk to refresh the kitchen and save on appliance costs. The co-op does allow for renovations and changes to the unit, though any modifications must be approved by the building's board. This gives you the opportunity to make updates or personalize the space, with some flexibility on how the unit can evolve over time. Overall, this unit offers an affordable living opportunity in Hyde Park, with utilities included, the ability to make updates (with board approval), and added value in the form of a new refrigerator. The secure building, low settlement, and affordable parking make it a solid choice for those looking to own their home in a great location. Please note this is a cash-only deal.

12268889

MLS ID

January 11, 2025

Listed

January 16, 2025

Updated

Map

4850 S Lake Park Avenue Unit: 1604
Chicago IL, 60615

Interior Features

Total Stories

25


Bedrooms

1


Total Bathrooms

1


Full Bathrooms

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Steam

Exterior/Building Features

Sewer

Public Sewer

School Information

School District

299

Other Property Details

Area Name

CHI - Kenwood


Days on Market

7


Association Fee Frequency

Monthly


Garage

Yes


Garage Spaces

1


Parking Total

2


View

No


County

Cook


Municipality

Hyde Park


Water Source

Lake Michigan


Pool

No

Courtesy of Real Broker, LLC, Tiarra Washington,
Listing Contact: 773-680-9348 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Vergis H. Eiland III are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 1/16/2025. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2025 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 6:53 AM UTC, 1/16/2025

 

 

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