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$29,000

Est. payment - /mo

1 Bed

1 Bath

800 SqFt

Sold on 05/23/2025

4850 S Lake Park AVE #1604 Chicago, IL 60615

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Cristina Gluszek

Broker | License ID: 475.192218

+1(815) 557-3821

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Key Details

Property Type Condo

Sub Type Co-op

Listing Status Sold

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $33

MLS Listing ID 12268889

Sold Date 05/23/25

Bedrooms 1

Full Baths 1

Rental Info No

Year Built 1970

Tax Year 2023

Lot Dimensions COMMON

Property Sub-Type Co-op

Property Description

This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style.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

Location

State IL

County Cook

Area Chi - Kenwood

Rooms

Basement None

Interior

Heating Steam

Cooling Central Air

Fireplace N

Exterior

Garage Spaces 1.0

Building

Building Description Brick, No

Story 25

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include None

Ownership Co-op

Special Listing Condition None

Pets Allowed Size Limit

Listed by Tiarra Washington • Real Broker, LLC
Bought with Rashad Umrani • Ambar Realty Corp