4880 N Marine Drive # 308
Chicago, IL, 60640 $ 124,888
Baths1.0 Sq 550 Monthly Estimate*
$ 872
Studio
for $124,888 with 1 full bath. This 550 square foot condo was built in 1950.
Modern, move-in, ready studio in Uptown/Margate Park. Ideal alternative for someone who works in the City and live in the Suburbs or need second home/place to stay in Chicago. Sunny and quiet, south facing unit, with lots of natural light, freshly painted throughout, brand new wood laminate flooring, new window treatments, updated kitchen - granite counters , SS appliances and updated bathroom w/standup shower. Galley style kitchen is equipped with gas stove, microwave, plenty of cabinets. Bathroom was completely remodeled with extra storage, slate tile, and luxurious fixtures. Rooftop was currently renovated. Building is located across the street from the Margate Park Fieldhouse, lakefront trail/ bike path, Lake Michigan, Montrose and Foster beaches. Monthly Assessment: $434.37 | Breakdown: $372.82 (Unit) + $61.55 (Cable). Monthly assessment covers everything (Water, Heat, Gas, Cable, Common Insurance, Exterior Maintenance, Snow Removal, Lawn Care). Wait list for parking in the garage, many options in the area. Mail, storage, bike store and laundry on the 1st floor. Cable and electric is metered separately and billed on a monthly assessment statement. Electric is roughly $25 a month and up to $40 in summer with window AC unit. Weekends are better for showings, association doesn't allow lockboxes. Current wait list for parking, $140 per month when available. One pet allowed, 25 lb. weight limit. For dogs, there is a $125 fee/year. Non-refundable move-in fee of $3. Current reserves as of 12/2023: $887,549 | No special assessments anticipated | Assessment increase for 2024 was 3.5% | No rental cap, but must own for 2 years before renting | | No disposal or washer/dryer allowed in unit | Partial tear-off of roof in 2023 | Windows replaced in 2009 .
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FeaturesGeneralInterior Features Wood Laminate Floors Storage
Sewer Public Sewer
Heating Electric Baseboard
Cooling Window/Wall Unit - 1
Possession Closing
Roof Asphalt
HOA 434
Garage Spaces 1
Association Fee Includes Water Gas Insurance Security TV/Cable Exterior Maintenance Lawn Care Scavenger Snow Removal
Pets Allowed Cats OK Deposit Required Dogs OK Number Limit Size Limit
Year Built 1950
Township Lake View
Unit Number 308
Tax Year 2021
Percent Ownership Fee Simple w/ HO Assn.
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Bike Room/Bike Trails Coin Laundry Elevator(s) Storage
Contingency Attorney/Inspection
Total Rooms 2
Status Contingent
Directions North on Marine Dr to W Ainslie street. Property located on the SW corner of Marine drive and Ainslie Str
City Chicago
High School District 299
MLS Area CHI - Uptown
Waterfront Y/N N
Street Name Marine
Tax Annual Amount 778
Days on Market 11
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo Studio
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ExteriorModel STUDIO
Water Source Lake Michigan
Total Parking 1
Lot Dimensions 0
Other Equipment TV-Cable Intercom Ceiling Fan(s)
Garage Onsite Yes
Garage Type Attached
Garage Ownership Fee/Leased
Exterior Brick
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InteriorBasement None None
Total Stories 8
Full Baths 1
Half Baths 0
Street Suffix Drive
Total Bedrooms 0
Room Type Foyer
Total Baths 1
Bedrooms Possible 0
Bathrooom Accessible Shower No Tub
Total Number of Units 120
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* Excluded FeaturesList ByHomesmart Connect LlcBroker
ivelina.stoyanova1@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $872
- Monthly Property Taxes
- $65
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $651,970
Percent of Sale Price 422%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/25/2024 | $124,888 | | Listed Price |