#12108933, Nicholas Madison, Listing Office: Berkshire Hathaway HomeServices Chicago
$375
closing credit¹
4850 S Lake Park Ave Unit 1604 Chicago, IL 60615
Property details
About 4850 S Lake Park Ave Unit 1604
This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style.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.
Highlights
Summary
- MLS Number: 12268889
- MLS Name: MRED
- Office Name: Real Broker, LLC
- Office Phone: (217) 960-8605
- Office Email: steve.carvelli@joinreal.com
- Listing Agent: Tiarra Washington
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$31,600
4850 S Lake Park Ave Unit 1604
$375
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Shoesmith Elementary School
Public District KG-6
0.3 mi
•1330 E 50th St
4
Univ of Chicago Charter-Nth Kenwood
Public Charter PK-5
0.5 mi
•1119 E 46th St
5
Robinson Elementary School
Public District PK-3
0.8 mi
•4225 S Lake Park Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,955. Typical income of Chicago, IL residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
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Frequently asked questions
About 4850 S Lake Park Ave Unit 1604
This home is located at 4850 S Lake Park Ave Unit 1604 in Chicago, IL and zip code 60615 in the Kenwood neighborhood. This 800 square foot home was built in 1970. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 11, 2025 and is currently priced at $31,600.
Over 347 listings were sold over their listed price in January 2025 in Chicago, IL. In the same period over 707 listings were sold below the listed price and 238 listings were sold for the listed price. The number of listings in Chicago, IL increased by 11.5% between December and January 2025. While the average time on the market in January 2025 was 41 days, the median list price was $369,009.