4800 S Chicago Beach Drive 407S, Chicago, IL 60615

$180,000 Asking Price

2 beds
2 baths
1,200  sqft
Built in 1962

Welcome to 4800 S Chicago Beach Drive #407S. 1200 sqft 2 beds/ 2 baths corner unit facing South and West at the Newport Condominium. Monthly assessment includes : Heat, Water, Common Insurance, Doorman, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, and Internet Access. Owners only pay electric additionally. Beautiful tree-lined views from every room. Large bright open living area with wrap around windows across two walls, providing tons of natural light throughout the day. New wood floors from 2023 throughout the entire unit. The kitchen features an efficient galley layout, plenty of cabinets, new stove from 2022 and new dishwasher from 2022. Separate space for your dining room next to the kitchen. The two large bedrooms come with ample closet spaces and new AC units from 2017 and 2022. An additional storage locker #530 is located in the basement storage room #4. The Newport is a full amenity doorman building located on the NorthEast point of the hot Hyde Park/Kenwood Community and is steps from the Lake, Metra, Whole Foods, Campus Shuttle Bus and Lake Shore Drive. Building also offers free shuttle bus to various grocery stores. "The Newport Cafe & Go Grocer" grocery store just opened on the first floor in the North Tower daily for your convenience. The on-site health club on 2nd floor includes a pool, jacuzzi, sauna, and exercise room for a minimal membership fee ($16.67 ~$25/ month). Laundry and storage locker on B1. Rooftop on 28th floor. Cats OK - No pet dogs allowed. There is no rental cap, investor friendly. Owner occupancy is 65% (buyers to verify the updated % during attorney review). Building reserves are $4,198,651 as of April 22, 2022. No current or planned special assessments. One valet parking space(spot 298) is additional $30K in the indoor heated parking garage, attached to the building. Parking HOA is $183.73/ month. Free street parkings available in front of the building and nearby. Proof of funds or pre-approval letter is required for showing and with your offer.


Features & Amenities

Interior

General:
Elevator, Wood Laminate Floors, Storage, Walk-In Closet(s), Open Floorplan, Some Window Treatment, Doorman, Drapes/Blinds, Health Facilities, Lobby
Rooms:
Foyer
Master Bath:
Soaking Tub
Appliances:
Range, Microwave, Dishwasher, Refrigerator, Electric Cooktop
Dining:
Separate
Laundry:
Common Area
Basement:
None
A/C:
Window/Wall Units - 3+
Heating:
Radiant
Fireplace:
Fireplaces: 0
Disability Feature:
None

Exterior

General:
Brick,Concrete, Hot Tub, Roof Deck, End Unit, Door Monitored By TV, Garage(s), Storage
Parking:
Garage, Parking spaces: 1

Construction

General:
Condo,High Rise (7+ Stories), Concrete Perimeter

Location

HOA Amenities:
Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Park, Sundeck, Indoor Pool, Receiving Room, Sauna, Security Door Lock(s), Service Elevator(s), Valet/Cleaner, Spa/Hot Tub, Laundry, Water View, Heat, Water, Insurance, Security, Doorman, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet, 939.0, Monthly
Originating MLS:
mred
School District:
299
County:
Cook

Lot

Zoning:
20121000031575

Utilities

Utilities:
Circuit Breakers
Water:
Lake Michigan,Public
Sewer:
Public Sewer

Financial

Source:
mred
Ownership:
Condo
Buyers Agent Compensation:
2.5% - 1000

This listing courtesy of:
Fulton Grace Realty, Chih-Hao Yang

About Chicago, IL

Housing

Number of Units
1,208,010
Median Home Value
$320,169
Median Rent
$1,131

55.74% of housing units are renter occupied.

9.90% are vacant.

Commute

Car
44.88%
Public Transportation
19.46%
Walk to Work
4.26%
Work from Home
29.59%
Other
0.70%

The median travel time to work is 27 minutes.

People

Population
2,658,686
Median Age
36.40
Median Household Size
2.54

Education

High School
22.12%
Associate’s Degree
5.76%
Bachelor’s Degree
24.28%
Graduate Degree
17.51%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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