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  5. 4850 S Lake Park Avenue
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4850 S Lake Park Avenue

4850 S Lake Park Avenue, Chicago, IL, 60615

YEAR BUILT

1960

# STORIES

25

# TOTAL UNITS

148

UNIT SIZE RANGE

1,350-1,450 sqft

Description

The building at 4850 S Lake Park Avenue stands tall in Chicago. This high-rise was built in 1960 and has 25 stories with 148 units. The units offer a variety of choices with one, two, and three bedrooms. Ranging in size from 1,350 to 1,450 square feet, they cater to different lifestyles. Prices for the available units are in the range of $27,000 to $74,800. Average pricing sits around $39,084, which works out to about $35 per square foot based on the last year's sales. It’s not uncommon for these units to be on the market for an average of 122 days. Nearby, you’ll find convenience at Harper Mini Food Inc and Brimahs Mini Mart for all grocery needs. Canter Middle School provides educational options for families. The area also offers dining choices, making it easy to grab a meal without traveling far. The building includes several amenities like a laundry room, health club, and party room. An elevator adds ease of access throughout the floors. The community feel is enhanced with shared spaces for meetings or activities, fostering a neighborly spirit. Living here provides a chance to enjoy city life while being close to local parks and facilities. The proximity to Lake Michigan offers outdoor recreational activities, making it ideal for nature lovers. This neighborhood supports an active lifestyle with its available resources and inviting environment.

Building ImageMLS ID #12197090
Building ImageView Listing

4850 S Lake Park Avenue

4850 S Lake Park Avenue, Chicago, IL, 60615

YEAR BUILT

1960

# STORIES

25

# TOTAL UNITS

148

UNIT SIZE RANGE

1,350-1,450 sqft

Description

The building at 4850 S Lake Park Avenue stands tall in Chicago. This high-rise was built in 1960 and has 25 stories with 148 units. The units offer a variety of choices with one, two, and three bedrooms. Ranging in size from 1,350 to 1,450 square feet, they cater to different lifestyles. Prices for the available units are in the range of $27,000 to $74,800. Average pricing sits around $39,084, which works out to about $35 per square foot based on the last year's sales. It’s not uncommon for these units to be on the market for an average of 122 days. Nearby, you’ll find convenience at Harper Mini Food Inc and Brimahs Mini Mart for all grocery needs. Canter Middle School provides educational options for families. The area also offers dining choices, making it easy to grab a meal without traveling far. The building includes several amenities like a laundry room, health club, and party room. An elevator adds ease of access throughout the floors. The community feel is enhanced with shared spaces for meetings or activities, fostering a neighborly spirit. Living here provides a chance to enjoy city life while being close to local parks and facilities. The proximity to Lake Michigan offers outdoor recreational activities, making it ideal for nature lovers. This neighborhood supports an active lifestyle with its available resources and inviting environment.

Next

Description

The building at 4850 S Lake Park Avenue stands tall in Chicago. This high-rise was built in 1960 and has 25 stories with 148 units. The units offer a variety of choices with one, two, and three bedrooms. Ranging in size from 1,350 to 1,450 square feet, they cater to different lifestyles. Prices for the available units are in the range of $27,000 to $74,800. Average pricing sits around $39,084, which works out to about $35 per square foot based on the last year's sales. It’s not uncommon for these units to be on the market for an average of 122 days. Nearby, you’ll find convenience at Harper Mini Food Inc and Brimahs Mini Mart for all grocery needs. Canter Middle School provides educational options for families. The area also offers dining choices, making it easy to grab a meal without traveling far. The building includes several amenities like a laundry room, health club, and party room. An elevator adds ease of access throughout the floors. The community feel is enhanced with shared spaces for meetings or activities, fostering a neighborly spirit. Living here provides a chance to enjoy city life while being close to local parks and facilities. The proximity to Lake Michigan offers outdoor recreational activities, making it ideal for nature lovers. This neighborhood supports an active lifestyle with its available resources and inviting environment.

4850 S Lake Park Avenue Market Stats Last 12 months

Avg. Listed Price$42,600($37/Sqft.)
Avg. Sale Price$39,084($35/Sqft.)
Year over year list priceUp Arrow7.39%
Year over year sale priceUp Arrow 4.92%
Total Listings5 Listed
Total sold6 Sold
Average Days on Market122 days
Average HOA fees per sqft$1 /monthly
Next

Market Stats

Year over year list priceUp Arrow7.39%
Year over year sale priceUp Arrow4.92%
Total Listings5 Listed
Total sold6 Sold
Average Days on Market122 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

4850 S Lake Park Avenue Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 20092009120021752025-12-30
MLS#: 12497130 		Closed$52,800
Unit 24062406127521472025-11-26
MLS#: 12493092 		Closed$74,800
Unit 12011201140032662021-05-27
MLS#: 11028363 		Closed$70,000
Unit 1201
1201

3 Beds

2 Baths

1400 sqft

DateStatusPrice
2021-05-27Closed$70,000
MLS#: 11028363
Days On Market66
Unit 2009
2009

2 Beds

1 Baths

1200 sqft

DateStatusPrice
2025-12-30Closed$52,800
MLS#: 12497130
Days On Market75
Unit 2406
2406

2 Beds

1 Baths

1275 sqft

DateStatusPrice
2025-11-26Closed$74,800
MLS#: 12493092
Days On Market47
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the shining features of living at 4850 S Lake Park Avenue is the array of amenities designed to enrich your daily life. You can keep fit at the on-site exercise room or health club, making it easier to maintain a healthy lifestyle. Got laundry to-do? No problem! The building offers dedicated laundry facilities. If you're feeling social, you can host a gathering in the party room or enjoy a meal at the accessibility-laden restaurant. Plus, you'll appreciate the convenience of bike trails and a bike room for those sunny days when you want to explore the city on two wheels.

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Amenities Description

One of the shining features of living at 4850 S Lake Park Avenue is the array of amenities designed to enrich your daily life. You can keep fit at the on-site exercise room or health club, making it easier to maintain a healthy lifestyle. Got laundry to-do? No problem! The building offers dedicated laundry facilities. If you're feeling social, you can host a gathering in the party room or enjoy a meal at the accessibility-laden restaurant. Plus, you'll appreciate the convenience of bike trails and a bike room for those sunny days when you want to explore the city on two wheels.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
Next

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Health Club

Health Club

Door Person

Door Person

Security

Security

Security Door Lock(s)

Security Door Lock(s)

Laundry

Laundry

Coin Laundry

Coin Laundry

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Restaurant

Restaurant

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Policies

If you’re pet lovers, you’ll be pleased to know that cats and dogs are welcomed here, although some limitations apply. There are clear policies to respect, including deposit requirements and size limits for units, making it essential that you review these details during your decision-making process. Understanding the policies helps ensure that your transition to condo living is seamless and enjoyable.

Next

Amenities Description

If you’re pet lovers, you’ll be pleased to know that cats and dogs are welcomed here, although some limitations apply. There are clear policies to respect, including deposit requirements and size limits for units, making it essential that you review these details during your decision-making process. Understanding the policies helps ensure that your transition to condo living is seamless and enjoyable.

Pet Allowed
Check
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
4850 S Lake Park Avenue$35/sqft.$1 /sqft.
4850 S Lake Park Ave$36/sqft.$2 /sqft.
4800 S Lake Park Ave$37/sqft.$1 /sqft.
4800 S Lake Park Avenue$32/sqft.$1 /sqft.
The Newport Condominiums$182/sqft.$2 /sqft.
4800 S Chicago Beach Dr$177/sqft.$2 /sqft.

Nearby Schools

Discover top-rated schools located close to 4850 S Lake Park Avenue.

Shoesmith Elementary School

C+
Public|Grades KG–6
1330 E 50th St|0.32 miles away

Kenwood Academy High School

A-
Public|Grades 9–12
5015 S Blackstone ...|0.32 miles away

Ariel Elementary Community Academy

D
Public|Grades PK–8
1119 E 46th St|0.66 miles away

Univ of Chicago Charter-Nth Kenwood

D
Public|Grades PK–5
1119 E 46th St|0.66 miles away

City Elementary School

--
Private|Grades 1–8
1100 E Hyde Park B...|0.66 miles away

Little Black Pearl Arts Academy High School

--
Public|Grades 9–12
1060 E 47th St|0.68 miles away
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Schools

Shoesmith Elementary School

C+
Public|Grades KG–6
1330 E 50th St|Less than 1 Mile Away

Kenwood Academy High School

A-
Public|Grades 9–12
5015 S Blackstone ...|Less than 1 Mile Away

Ariel Elementary Community Academy

D
Public|Grades PK–8
1119 E 46th St|Less than 1 Mile Away

Univ of Chicago Charter-Nth Kenwood

D
Public|Grades PK–5
1119 E 46th St|Less than 1 Mile Away

City Elementary School

--
Private|Grades 1–8
1100 E Hyde Park B...|Less than 1 Mile Away

Little Black Pearl Arts Academy High School

--
Public|Grades 9–12
1060 E 47th St|Less than 1 Mile Away

Akiba-Schechter Jewish Day School

--
Private|Grades PK–8
5235 S Cornell Ave|Less than 1 Mile Away

Murray Elementary Language Academy

C-
Public|Grades KG–8
5335 S Kenwood Ave|Less than 1 Mile Away

Church of God of Chicago

--
Private|Grades KG–7
4601 S Drexel Blvd|Less than 1 Mile Away

Reavis Math and Science Elementary School

D+
Public|Grades PK–8
834 E 50th St|1.05 Miles Away

King College Preparatory High School

A+
Public|Grades 9–12
4445 S Drexel Blvd|1.08 Miles Away

Robinson Elementary School

C+
Public|Grades PK–3
4225 S Lake Park A...|1.11 Miles Away

Kozminski Elementary School

D+
Public|Grades PK–8
936 E 54th St|1.12 Miles Away

Bronzeville Academy Charter School

D+
Public|Grades KG–8
4930 S Cottage Gro...|1.14 Miles Away

Futureworld Nfp

--
Private|Grades KG–9
1744 E 55th St|1.21 Miles Away

Harte Elementary School

C
Public|Grades PK–8
1556 E 56th St|1.24 Miles Away

Ray Elementary School

C
Public|Grades PK–8
5631 S Kimbark Ave|1.37 Miles Away

Woodson South Elementary School

D-
Public|Grades PK–8
4414 S Evans Ave|1.42 Miles Away

Walter Henri Dyett High School for the Arts

D+
Public|Grades 9–12
555 E 51st St|1.59 Miles Away

Dyett High School

--
Public|Grades 12–12
|1.64 Miles Away

Univ of Chicago Lab School

--
Private|Grades PK–12
1362 E 59th St|1.70 Miles Away

Fuller Elementary School

C
Public|Grades PK–8
4214 S Saint Lawre...|1.82 Miles Away

Cambridge Classical Academy

--
Private|Grades PK–8
4622 S King Dr|1.88 Miles Away

Mollison Elementary School

D
Public|Grades PK–8
4415 S Dr Martin L...|1.90 Miles Away

Burke Elementary School

D
Public|Grades PK–8
5356 S King Dr|2.00 Miles Away

Carnegie Elementary School

C
Public|Grades PK–8
1414 E 61st Pl|2.15 Miles Away

Univ of Chicago Charter-Donoghue

D-
Public|Grades PK–5
707 E 37th St|2.27 Miles Away

Christ the King Lutheran School

--
Private|Grades PK–8
3701 S Lake Park A...|2.28 Miles Away

Hyde Park Academy High School

D+
Public|Grades 9–12
6220 S Stony Islan...|2.30 Miles Away

Fiske Elementary School

D-
Public|Grades PK–8
6020 S Langley Ave|2.35 Miles Away

Williams Medical Preparatory High School

B-
Public|Grades 9–12
4934 S Wabash Ave|2.37 Miles Away

Bronzeville Scholastic High School

B+
Public|Grades 9–12
4934 S Wabash Ave|2.40 Miles Away

Beasley Elementary Magnet Academic Center

C
Public|Grades PK–8
5255 S State St|2.49 Miles Away

Univ of Chicago Charter-Woodlawn

D+
Public|Grades 6–12
6300 S University ...|2.50 Miles Away

Beethoven Elementary School

D-
Public|Grades PK–8
25 W 47th St|2.54 Miles Away

Hyde Park Day School Chicago Campus

--
Private|Grades 1–8
6254 S Ellis Ave|2.54 Miles Away

Sonia Shankman Orthogenic School

--
Private|Grades 5–12
6245 S Ingleside A...|2.54 Miles Away

Phillips Academy High School

F
Public|Grades 9–12
244 E Pershing Rd|2.60 Miles Away

Mount Carmel High School

--
Private|Grades 9–12
6410 S Dante Ave|2.62 Miles Away

Doolittle Elementary School

D
Public|Grades PK–8
535 E 35th St|2.67 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

5000 S Lake Park

0.26 miles away|5 min walk

47th St. (Kenwood)

0.28 miles away|6 min walk

47th Street & Lake Park

0.29 miles away|6 min walk

1240 E 47th Street

0.41 miles away|8 min walk

47th Street & Woodlawn

0.5 miles away|10 min walk

47th Street & Greenwood

0.65 miles away|13 min walk
Next

Transit

5000 S Lake Park

0.26 miles away|5 min walk

47th St. (Kenwood)

0.28 miles away|6 min walk

47th Street & Lake Park

0.29 miles away|6 min walk

1240 E 47th Street

0.41 miles away|8 min walk

47th Street & Woodlawn

0.5 miles away|10 min walk

47th Street & Greenwood

0.65 miles away|13 min walk

51st/53rd St. (Hyde Park)

0.68 miles away|14 min walk

47th Street & Ellis

0.8 miles away|16 min walk

47th Street & Drexel

0.94 miles away|19 min walk

51st Street & Drexel Square

1.04 miles away|20 min walk

43rd Street & Lake Park

1.1 miles away|22 min walk

47th Street & Cottage Grove

1.11 miles away|22 min walk

43rd Street & Berkeley

1.15 miles away|23 min walk

51st Street & Cottage Grove

1.19 miles away|23 min walk

42nd Place & Lake Park

1.22 miles away|24 min walk

47th Street & Langley

1.26 miles away|25 min walk

51st Street & Evans

1.26 miles away|25 min walk

43rd Street & Drexel

1.3 miles away|25 min walk

51st Street & Champlain

1.4 miles away|27 min walk

43rd Street & Cottage Grove

1.45 miles away|28 min walk

47th Street & St. Lawrence

1.45 miles away|28 min walk

43rd Street & Langley

1.58 miles away|31 min walk

47th Street & Vincennes

1.6 miles away|31 min walk

40th Street & Ellis

1.67 miles away|33 min walk

43rd Street & St. Lawrence

1.72 miles away|33 min walk

47th Street & King Drive

1.78 miles away|35 min walk

43rd Street & Vincennes

1.86 miles away|36 min walk

47th Street & Calumet

1.93 miles away|37 min walk

47th (Green)

1.97 miles away|38 min walk

47th-Green

1.97 miles away|38 min walk

51st

1.98 miles away|38 min walk

51st Green Line Station

1.98 miles away|38 min walk

43rd Street & King Drive

2 miles away|39 min walk

47th Street & Prairie

2.02 miles away|39 min walk

1111 East 60th Street

2.03 miles away|39 min walk

43rd Street & Calumet (Green Line)

2.13 miles away|41 min walk

47th Street & Indiana

2.14 miles away|41 min walk

43rd

2.16 miles away|42 min walk

43rd Green Line Station

2.17 miles away|42 min walk

47th Street & Michigan

2.25 miles away|44 min walk

43rd Street & Indiana

2.3 miles away|45 min walk

43rd Street & Michigan

2.4 miles away|46 min walk

4900 S State

2.44 miles away|47 min walk

5000 S State

2.45 miles away|47 min walk

47th Street & State

2.47 miles away|48 min walk

47th Street & Federal

2.6 miles away|50 min walk

43rd Street & State

2.6 miles away|50 min walk

51st Street & Federal

2.62 miles away|51 min walk

4016 S Michigan

2.64 miles away|51 min walk

35th Street & Cottage Grove

2.66 miles away|52 min walk

The Neighbourhood: 4850 S Lake Park Avenue

Kenwood, located in Cook County, IL, is a neighborhood rich in history and architectural beauty. Known for its stately mansions and tree-lined streets, the area offers a peaceful residential atmosphere. Cultural enthusiasts will appreciate its proximity to the Museum of Science and Industry and the Hyde Park Art Center. Families are drawn to the community for its reputable schools and diverse dining options. Convenient transportation links, including bus and train services, provide easy access to downtown Chicago and surrounding areas.

Next

Neighbourhood Description

Kenwood, located in Cook County, IL, is a neighborhood rich in history and architectural beauty. Known for its stately mansions and tree-lined streets, the area offers a peaceful residential atmosphere. Cultural enthusiasts will appreciate its proximity to the Museum of Science and Industry and the Hyde Park Art Center. Families are drawn to the community for its reputable schools and diverse dining options. Convenient transportation links, including bus and train services, provide easy access to downtown Chicago and surrounding areas.

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4850 S Lake Park Avenue Demographics

Age Demographics

0–14 Years

13%

15–29 Years

30.33%

30–44 Years

20.06%

45–59 Years

16.54%

60+ Years

20.07%

Commute

23.97%

Transit

18.16%

Walk

33.17%

Drive

5.18%

Bike

Housing Ownership

33.49%

Owner Occupied

66.51%

Rental Units

Household Types

Single Family
18.09%
Multi Family
2.93%
Single Person
53.25%
Multi Person
46.75%

Average Income

Household:$5,918,594.45 /yr

Individual:$4,790,554.7 /yr

Education

Bachelors Degree25.44%
High School College10.18%
Diploma4.74%
Post Graduate42.32%
Others17.32%
Next

Education

Diploma4.74%
Post Graduate42.32%
Others17.32%
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    4850 S Lake Park Avenue
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