For Sale: 4850 S Lake Park Avenue #1507B, Chicago, IL 60615. 2-bedroom 1-bath, 1400 sf, 1971 KENWOOD $40,000 begin new search
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Overview

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. CASH DEAL ONLY

Address 4850 S Lake Park Avenue

Unit# 1507B


Chicago, IL 60615
Listing Status ACTIVE
Asking Price $40,000
On Market Date $40,000 @ May 2, 2026
Original Entry May 3, 2026
Rooms
No additional rooms
Square Footage 1400 sf
Bedrooms 2
Full Bathrooms 1
Location
Directions Take exit 47th street on Lake shore Drive then turn south on Lake Park Ave
Neighborhood KENWOOD
School District Not Listed
Ownership
Property Type Co-op
Assessment $0
Listing History
Timeline Notes
Aug 10, 2026Back on market #MRD12603738
Jul 8, 2026Status changed to Active Under Contract #MRD12603738
Jun 19, 2026Back on market #MRD12603738
May 29, 2026Pending sale #MRD12603738
May 6, 2026Listed for $40,000 #MRD12603738
Public Records
County Cook
Tax PIN 20112160630000
Property Tax $000 for the year 2025
Lake Michigan Distance 0.3 miles
Exterior
Style Attached Single
Material Not Listed
Lot Size COMMON
Fencing Not Listed
Topography Not Listed
Entry Steps 15
Swimming Pool Not Listed
Accessibility Hall Width 36 Inches or More, Main Level Entry, Wheelchair Accessible
Parking
Yes
Leased
Detached
Garage
Total Spaces: 2
Garage Spaces: 1
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 1971
Laundry Location
Elevator Not Listed
Cooling Central Air
Heating Steam
Sewer/Septic Public Sewer
Fireplaces Not Listed
Additional Parcels No
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Not Applicable
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Cooling No
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12603738
Courtesy of Real Broker, LLC