4850 S Lake Park Avenue #709, Chicago IL 60615
$40,000

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Property Description

A well-maintained residence offering excellent value and strong long-term potential. Located on the 7th floor, this unit provides bright natural light and pleasant open views. The building features a fully renovated marble lobby, 24hour reception, and onsite security, creating a secure and welcoming environment for residents and guests. The home includes 2 bedrooms, 1 bathroom, and a functional combined living/dining/kitchen layout that offers flexibility for updates or customization. Ideal for buyers seeking an affordable entry into the Hyde Park/Kenwood market or investors looking for a value-add opportunity. Close to the lakefront, parks, public transit, and neighborhood amenities. Cash only!

Features & Information

Key Details

  • List Price $40,000
  • Property Taxes $274,914
  • Assessments/HOA frequency Monthly
  • Assessments/HOA Fee Includes None
  • Square Feet 0
  • Year Built 1970
  • Listing Market Time 7
  • Status Active

Rooms

  • Total Rooms 4
  • Number of Bedrooms 2
  • Number of Bathrooms 1
  • Primary Bedroom

  • Room Size 11X11
  • Floor Level Main
  • Primary Bathroom None
  • Bedroom 2

  • Room Size 11X9
  • Floor Level Main
  • Living Room

  • Room Size 18X13
  • Floor Level Main
  • Kitchen

  • Room Size 10X12
  • Floor Level Main

Interior Features

  • Heating & Cooling

  • Heating Type Forced Air
  • Air Conditioning Central Air

Exterior Features

  • Parking

  • # of Cars 0

Building Information

  • Number of Units 591
  • Age of Building 51-60 Years

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Lake Shore Drive To 47th Street W To Lake Park Then South To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District 299
  • Property Taxes

  • Tax 274914
  • Tax Year 2023
  • Parcel Identification Number 20112060580000

Listed by Ajijola Ojo for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/16/2026 1:32 AM. 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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