ClosedPrice Reduced

$29,000

$31,600
4850 Lake Park Avenue, Chicago, IL 60615
1 Beds1 Baths0 sqft110 days
4850 Lake Park Avenue·Chicago, IL 60615
1Bedrooms
1Bathrooms
0Sq Ft
1970Year Built
About This Home

This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style.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 4,020, 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.

MLS# 12268889Listed January 10, 2025Residential
Property Details

Beds & Baths

Total Bedrooms1
Total Bathrooms1
Full Baths1
Half Baths0
Total Rooms4

Size & Structure

Living Area0 sqft
Stories25
Garage Spaces1
Year Built1970
Lot SizeCOMMON

Location

CountyCook
TownshipHyde Park
Zip Code60615

Financial

List Price$29,000
Original Price$31,600
Parcel #20112160630000
Interior Features

Heating

Steam

Cooling

Central Air

Basement

None

Accessibility

Hall Width 36 Inches or MoreMain Level EntryWheelchair Accessible
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan

Parking

On SiteLeasedDetachedGarage
Tax & Financial
Price Reduced by $2,600
Original list price: $31,600
Property Location

4850 Lake Park Avenue, Chicago, IL 60615 — Cook County

$29,000
4850 Lake Park Avenue
1 bd1 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
110 days on market
1-car garage
COMMON
Price reduced $2,600
$152
estimated monthly payment
Principal & Interest
$152/mo
$29,000
20% — $5,800
3%50%
6.875%
3%12%
Loan Amount
$23,200
Down Payment
$5,800

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Real Broker, LLC
Agent: Tiarra Washington
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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