4850 S Lake Park Avenue Unit 1604
About this property
This co-op unit in Hyde Park offers an affordable entry point into a desirable neighborhood, though the space is a bit outdated in terms of finishes and overall style. The unit features a reasonable monthly carrying charge of 905, which covers a comprehensive list of utilities including gas, water, heat, air conditioning, cable, and common area amenities, making for a predictable and low-maintenance living situation. The light bill typically runs around 95 per month. The building offers the added benefit of 24/7 security, ensuring peace of mind for residents. There's also an on-site garage with parking available for as low as 75 per month, which is a rarity in Hyde Park and a great perk for those with a car. This is an owner-occupied building, so the unit is not available for investment purposes-making it ideal for buyers looking to live in the space themselves. The settlement required is relatively low at about 3,000, making it an affordable option for first-time buyers or those looking to downsize. In addition, the seller is willing to purchase a brand-new refrigerator for the buyer, which can be a nice perk to refresh the kitchen and save on appliance costs. The co-op does allow for renovations and changes to the unit, though any modifications must be approved by the building's board. This gives you the opportunity to make updates or personalize the space, with some flexibility on how the unit can evolve over time. Overall, this unit offers an affordable living opportunity in Hyde Park, with utilities included, the ability to make updates (with board approval), and added value in the form of a new refrigerator. The secure building, low settlement, and affordable parking make it a solid choice for those looking to own their home in a great location. Please note this is a cash-only deal.
Highly likely to recommend
“I had a very good experience purchasing a home with the help of The Forward Group! Cory and Ubaldo provided excellent customer service and explained the process in a way that made it feel very approachable. My family was relocating from Texas, so they were very mindful of our time constraints and arranged showing schedules that very efficiently allowed us to see all of the houses we were interested in. Once we entered the contract stage, they promptly provided updates to ensure we were aware of the current status and explained all deliverables that were required and helped us have a smooth closing. I can't emphasize enough how much I enjoyed working with them and would gladly work with them again!”
Michael & Gabriella Wallace
Highly likely to recommend
“I would highly recommend working with Colleen. She took care of us every step of the way and was always available night or day for questions and concerns. She talked us off the ledge, a couple of times and assured us that everything was going to be ok. Her connections in the industry and her many years of experience really show her true passion for this industry. My Family would like to thank you from the bottom of our hearts for helping us with the purchase of our first home.”
Highly likely to recommend
“My husband and I started looking for homes 3 years ago but only really wanted to live in certain school districts with Lemont being our #1 choice. We needed a fast, smart motivated realtor. After a few showings we were having difficulty finding a realtor fast enough to get us a house in the neighborhood we wanted in our price range. A friend recommended Katie Kelly to us. We had our first showing with her and she was positive, smart and most important for us FAST. Sure enough, Katie found us our dream home in Lemont. I noticed on Facebook groups people were discussing how they wanted to go for a showing at our home but their realtor couldn’t get them in yet. At that point we already had an offer in thanks to Katie. If it wasn’t for her we would not have our dream home. Katie worked extremely hard to get us closed before 30 days. Katie was out for our best interest and extremely caring- we have 3 children 3 and under and we were in a rush to get settled. She’s not only the best realtor but a genuine wonderful person. I can promise you will not find a better realtor period.”
Highly likely to recommend
“Colleen Basinski recently helped to sell my childhood home, and her professionalism, market expertise, and compassion made a very emotional process so much easier. Thanks to her knowledge of the market and marketing strategy, received multiple offers in a short amount of time. This is not the first time I have worked with Colleen. I have worked with her through every major real estate step—buying my first home, selling it, and purchasing my current one. Each time, she’s been responsive, knowledgeable, and supportive. I'm so thankful for the handwork she has done and can’t recommend her highly enough!”
Highly likely to recommend
“Colleen and Bart are a phenomenal team. They put the best interest of their customers first every step of the way. They accommodate and work around all kinds of hectic schedules to show properties for either the buyer/seller. You can’t put a price on the experience and knowledge they bring to the table for their customer. Would recommend them to anyone looking to buy or sell.”
Highly likely to recommend
“Professional Organized Did what they promised would highly recommend”
Highly likely to recommend
“The service provided to me exceeded expectations. There was amazing communication, dedication, and help all around. I highly recommend these guys. Top tier for sure.”
Highly likely to recommend
“Colleen and her team were nothing short of spectacular. She listened carefully to my needs and did not dismiss any of them. Rather, she genuinely responded and worked to meet them. Selling a parent's house ( and my former childhood home) was one of the more difficult things I have done in my adult life. Colleen made it very manageable and got it done quickly, efficiently, and with awesome communication.”
Highly likely to recommend
“Colleen & Kim are the absolute BEST!!! They were so easy to talk to, they answered our questions, addressed our concerns, put our minds at ease in a warm and professional manner. Bart and everyone else involved were so helpful !!! They helped us find our forever home and we could not be happier!!! We HIGHLY recommend them to anyone looking to sell or purchase a home!!! We had an EXCELLENT experience!!!”
Highly likely to recommend
“Ubaldo was so helpful and went above and beyond! Highly recommend.”
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