4850 S Lake Park Avenue # 1507B Chicago, IL $ 40,000
4850 S Lake Park Avenue # 1507B
$ 40,000
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4850 S Lake Park Avenue # 1507B

Chicago, IL, 60615
$ 40,000
Bedrooms2 Baths1.0 Sq 1,400

Monthly Estimate*

$ 246

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Condo for sale in Chicago, IL

for $40,000 with 2 bedrooms and 1 full bath. This condo is 1,400 square feet.

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 security *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.

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Condo Active

Price

$ 40,000

Bedrooms

2

Full Bath

1

Property Type

Condo

Taxes

$ 0

Style

High Rise (7+ Stories)

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12603738

Features
General
Living Area 1400
Sewer Public Sewer
Heating Steam
Cooling Central Air
Possession Closing
Garage Spaces 1
Association Fee Includes None
Construction Materials Brick
Pets Allowed Size Limit
Township Hyde Park
Unit Number 1507B
Tax Year 2025
Ownership Co-op
Accessibility Hall Width 36 Inches or More Main Level Entry Wheelchair Accessible
Assoc Fee Paid Per Not Applicable
County Cook
New Construction N
Property Type Residential Attached Single
Total Rooms 5
Full Baths 1
Status Active
Directions Take exit 47th street on Lake shore Drive then turn south on Lake Park Ave
City Chicago
High School District 299
MLS Area CHI - Kenwood
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type High Rise (7+ Stories)
Leasehold Rent $/Mo 75
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Interior
Basement None
Total Stories 25
Half Baths 0
Total Bedrooms 2
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 2
Total Number of Units 591
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Exterior
Parking Features Yes Leased Detached Garage
Water Source Lake Michigan
Total Parking 2
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded Features
List By
Real Broker, Llc

Broker

tiarra@theforwardgroup.net

Email

Affordability Calculator

$246
Per Month
100%
0%
0%
Monthly Principal & Interest
$246
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$40,000 Listed Price

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4850 S Lake Park Avenue # 1507B, Chicago, IL, 60615 is a Condo for sale at $40,000 with 1,400 sqft. 4850 S Lake Park Avenue # 1507B has 2 bedrooms and 1.0 baths. The property's zip code is 60615 which is in Chicago, IL