High-Floor Residential Income
For Sale
$40,000
4850 S Lake Park Avenue #1507B, Chicago, IL 60615
Updated unit with building security, included utilities, and garage parking near downtown Chicago.
Property SizeContact for details
Days on Market47
Property Features for 4850 S Lake Park Avenue #1507B
General Information
Standard status
Active
Property subtype
Apartment
Amenities
Steam
Central Air
Building Details
Year Built
1971
Listing Agency:
Real Broker
Listed By:
Tiarra Washington
(773) 680-9348
Source:
Kw
Added: Jul 20
Changed: Aug 31
Last Checked: Sep 3 at 4:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker
Investment Insights
Based on property information with market context.
This residential income property is a 15th-floor, 2-bedroom, 1-bathroom unit at 4850 S Lake Park Avenue in Chicago’s Hyde Park. Built in 1971, the unit includes brand-new appliances, a gas stove, central air, and steam heat. Its elevated position provides added privacy and city views.
Building services include heat, water, cable programming, gas, appliance coverage, unit maintenance, and common-area amenities. The property also offers 24/7 building and garage security, with garage parking available. Electricity is not included in the monthly fee. Owner-occupancy is required for at least one year before resale, and renovations or other changes require board approval. The sale is limited to cash buyers.
Building services include heat, water, cable programming, gas, appliance coverage, unit maintenance, and common-area amenities. The property also offers 24/7 building and garage security, with garage parking available. Electricity is not included in the monthly fee. Owner-occupancy is required for at least one year before resale, and renovations or other changes require board approval. The sale is limited to cash buyers.
Key Highlights
- 15th‑floor 2‑bedroom, 1‑bathroom unit
- Brand‑new appliances, including a gas stove
- Central air and steam heat
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,424
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated unit with building security, included utilities, and garage parking near downtown Chicago.
Where is this residential income property located?
The property is located at 4850 S Lake Park Avenue #1507B Chicago, IL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 15th‑floor 2‑bedroom, 1‑bathroom unit; Brand‑new appliances, including a gas stove; Central air and steam heat
