4850 S Lake Park Ave. #709

$40,000 Active · 2 days on market
2
beds
1
baths
894
sq ft
$45
per sq ft

About this unit

A well-maintained residence offering excellent value and strong long-term potential. Located on the 7th floor, this unit provides bright natural light and pleasant open views. The building features a fully renovated marble lobby, 24hour reception, and onsite security, creating a secure and welcoming environment for residents and guests. The home includes 2 bedrooms, 1 bathroom, and a functional combined living/dining/kitchen layout that offers flexibility for updates or customization. Ideal for buyers seeking an affordable entry into the Hyde Park/Kenwood market or investors looking for a value-add opportunity. Close to the lakefront, parks, public transit, and neighborhood amenities. Cash only!

Property details

The facts that decide a tour — straight from MRED.

Monthly costs
HOA$0 / mo
HOA includesNone
Annual tax$274,914 (2023)

What it costs each month

Live estimate. Tax based on Cook County 2024 effective rate. HOA pulled from the listing.

$40,000
$
20%$8,000
6.85%
30 years
Principal & interest$210 / mo
HOA$0 / mo
Property tax (est.)$22,910 / mo
All-in monthly$23,120

Estimate. Real rate depends on your lender, credit, and reserves. We'll connect you to a Chicago-based broker once you tour.

Listing history

The MLS trail for this unit — list events and price changes only.

Sep 9, 2026 Listed for sale $40,000current

About 4850 S Lake Park Ave.

A look at the building this unit is in.

4850 S Lake Park Ave.

Hyde Park condo
7 for sale · 0 for rent
For sale from $37K
View the building

Where it is

FAQ

Where do these listings come from?

Straight from the Midwest Real Estate Data (MRED) MLS, refreshed regularly — the same listings your buyer's agent sees, no curated subset.

Can I work with Dibze to buy?

Yes. A licensed Chicago buyer's agent lines up tours, writes offers, and handles the close. The seller pays the commission, so it's free to you — and we rebate part of it back at closing.

Can I rent in this building?

If owners are leasing units, the For Rent tab shows them. These are individual condo owners listing through the MLS, so lease terms and pet rules vary by unit.

How is this different from Redfin or Zillow?

Same MLS feed, different model — we don't sell your contact info or turn every click into a lead. One Dibze condo expert handles your whole search and represents you, not the seller.

Similar units in this building

Other listings on the same line, same floor, or close in size.

Recently sold in this building

Last 12 months of closed sales at 4850 S Lake Park Ave. — straight from MRED. For pricing context, not for tour.

Listed by Ajijola Ojo · Coldwell Banker Realty · MLS #MRD12741378 · MRED
Mino Conenna
Mino Conenna
Licensed IL broker · Chicago condo specialist
Online now · replies in minutes

Schedule a showing

Unit #709 — Mino confirms same day and sorts the timing with you directly.

Free · No obligation · Cancel anytime

Not ready to tour?