4850 S Lake Park Avenue Unit 1604
Chicago, IL 60615
- 1 bed
- 1 bath
- 800 sqft
- $39 per sqft
- 1970 build
- – on site
This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style.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.
Listing courtesy of MRED / Real Broker, LLC as distributed by MLS GRID
Last checked:
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Last updated Jan 16, 2025
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MLS# 12268889 —
The Building
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Year Built:1970
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Rebuilt:No
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New Construction:false
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Basement:None
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Disability Access:Yes
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Accessibility Features:Hall Width 36 Inches or More, Main Level Entry, Wheelchair Accessible
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Stories Total:25
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Living Area Source:Estimated
Interior
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Room Type:No additional rooms
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Rooms Total:4
Room Dimensions
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Living Area:800
Financial & Terms
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Lease Amount:$75
Location
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Directions:Take exit 47th south on Lake Shore Drive then turn on south Lake Park
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Location:86622
The Property
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Parcel Number:20112160630000
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Property Type:Residential
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Lot Size Dimensions:COMMON
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Waterfront:false
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (773) 680-9348
- Office phone:
- (217) 960-8605
Taxes
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Tax Year:2023
Beds
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Bedrooms Total:1
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Bedrooms Possible:1
Baths
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Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Steam
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Cooling:Central Air
Utilities
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Sewer:Public Sewer
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Water Source:Lake Michigan
Schools
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Elementary School District:299
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Middle Or Junior School District:299
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High School District:299
The Community
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Pets Allowed:Size Limit
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Association Fee Includes:None
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Association Fee Frequency:Monthly
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Master Assoc Fee Frequency:Not Required
Parking
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Parking Total:2
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Parking Onsite:Yes
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Garage Type:Detached
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Garage Spaces:1
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Garage Onsite:Yes
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Garage Ownership:Fee/Leased
Monthly cost estimate
Asking price
$31,600
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$169
|
Taxes | N/A |
Insurance | $8 |
Utilities | $115 See report |
Total | $292/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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1/10/25
Jan 10, 2025
|
Listed / Active | MRED | $31,600 |