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About This Home

This 2-bedroom, 1-bathroom single family at 4850 S Lake Park Avenue in Chicago, IL is listed for $40,000 ($29 per sqft). Built in 1971, the home offers 1,400 sqft of living space on a N/A lot.

Agent Description

Seller is highly motivated and seeking a serious buyer ready to move in soon for this well-maintained 15th-floor, 2-bedroom, 1-bathroom unit offering comfort, convenience, and elevated city living near downtown Chicago. Located in the heart of Hyde Park, this home features brand-new appliances, including a gas stove covered in the monthly fee, along with the added benefit of higher-floor privacy and views.

Property Details *Monthly Carrying Charges: $1,340 *Shares / Refundable Deposit: $5,460 *Garage Parking: Starting at $75/month Monthly Fee Includes *Heat, water, and cable (HBO, Showtime, and STARZ included) *Gas and appliance coverage (including stove) *All unit maintenance *Common area amenities Additional Highlights *24/7 building and garage sec

urity *Only electricity is excluded from the monthly fee *Owner-occupancy required for at least one year before resale All renovations or changes require board approval This 15th-floor unit offers a rare combination of affordability, security, and modern updates, making it an ideal opportunity for a buyer ready to act quickly and move right in in one of Chicago's most desirable neighborhoods. CASH DEAL ONLY

Key Features

  • Built in 1971
  • 2 parking spaces

Property Details

1 full
2 spaces
#1507B
1971

Amenities

A/C

Monthly Cost Estimate

$214/mo

20% down · 6.5% · 30 years

Principal$29
Interest$173
Insurance$12

Estimates only. Actual payments may vary.

Location

4850 S Lake Park Avenue

Chicago, IL 60615

Property Details

Construction

Brick

Parking

GarageLeased

Heating

Steam

Cooling

Central Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 4850 S Lake Park Avenue is listed at $40,000 ($29/sqft). The estimated monthly payment is $173 based on 20% down at 6.5% interest.

Key features include: Built in 1971, 2 parking spaces.

This property is listed by Tiarra Washington and can be reached at (630) 439-6385 or tiarra@theforwardgroup.net.

TW

Tiarra Washington

Agent at Real Broker, LLC

(630) 439-6385

Listed by Real Broker, LLC · View on Broker Site

MLS# 12603738· Source: listhub· Updated 49 days ago

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

4850 S Lake Park Avenue, Chicago, IL 60615

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