4850 South Lake Park #2508B, Chicago IL 60615
$55,000

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Property Description

CASH ONLY, OWNER OCCUPIED BUILDING -- Welcome to Unit 2508B at 4850 S Lake Park Avenue, a fully renovated top-floor home in one of Hyde Park's most iconic high-rises. This beautifully updated two-bedroom, one-bathroom co-op offers panoramic views of Lake Michigan, the skyline, and seasonal fireworks-capturing the best of lakefront living. The unit features a brand-new kitchen with modern cabinetry, stainless steel appliances, and quartz countertops. The bathroom has been fully remodeled, and both bedrooms are bright and spacious with ample closet space. New flooring throughout completes this move-in-ready home. This is a cash-only, owner-occupied building. Monthly assessments of $1,348 include heat, water, common insurance, exterior maintenance, scavenger, 24-hour door staff, and real estate taxes. A $6,000 refundable shareholder amount is required at possession. Covered garage available for an additional $85/mo. Residents enjoy secure entry, on-site management, package receiving, and a laundry facility. Dogs up to 20 lbs are welcome. Just steps from the express bus to downtown and within walking distance to Whole Foods, restaurants, parks, the lakefront, and the University of Chicago, this home offers convenience, views, and value in one of Chicago's most vibrant neighborhoods.

Features & Information

Key Details

  • List Price $55,000
  • Property Taxes 0
  • Unit Floor Level 17
  • Square Feet 1100
  • Price/ Sq. Ft. $50
  • Year Built 1970
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 5
  • Master Bedroom

  • Master Bath N
  • Room Size 11X17
  • Bedroom 2

  • Room Size 10X15
  • Floor Level Main Level
  • Flooring Wood Laminate
  • Living Room

  • Room Size 13X14
  • Floor Level Main Level
  • Flooring Wood Laminate
  • Dining Room

  • Room Size 8X11
  • Floor Level Main Level
  • Flooring Wood Laminate
  • Kitchen

  • Room Size 5X11
  • Kitchen Type Eating Area-Table Space
  • Floor Level Main Level
  • Flooring Wood Laminate

Interior Features

  • Appliances

  • Appliances Included Oven/Range, Microwave, Dishwasher, Refrigerator, All Stainless Steel Kitchen Appliances, Range Hood
  • Heating & Cooling

  • Heating Type Gas, Forced Air

Exterior Features

  • Parking

  • Parking Garage
  • # of Cars 1
  • Garage Features 7 Foot or more high garage door

Building Information

  • Number of Units 360
  • Age of Building 51-60 Years
  • Exterior Construction Brick
  • Exposure N (North),E (East)
  • Pets

  • Pets Allowed? Y
  • Pet Types Cats OK,Dogs OK

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 47th Street East, South On Lake Park
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • School Name Kenwood Academy High Scho
  • Property Taxes

  • Tax 0
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20112060580000

Utilities

  • Sewer Sewer-Publ

Listed by Wilonda Cannon for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 6/14/2025 5:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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