4850 S Lake Park AVE #1604 new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60615
Key Details
Property Type Condo
Sub Type Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $39
MLS Listing ID 12268889
Bedrooms 1
Full Baths 1
Rental Info No
Year Built 1970
Tax Year 2023
Lot Dimensions COMMON
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This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style.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 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.
Location
State IL
County Cook
Area Chi - Kenwood
Rooms
Basement None
Interior
Heating Steam
Cooling Central Air
Fireplace N
Exterior
Parking Features Detached
Garage Spaces 1.0
Building
Dwelling Type Attached Single
Story 25
Sewer Public Sewer
Water Lake Michigan
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