$150,000

4980 N Marine Dr Unit 532 Chicago, IL 60640

Margate Park Neighborhood

Estimated payment $1,460/month

Total Views 158
1 Bed
1 Bath
700 Sq Ft
$214 Price per Sq Ft

Highlights

  • Doorman
  • Fitness Center
  • Sundeck
  • Water Views
  • Business Center
  • 1-minute walk to Bill Hersh Playground

About This Home

Live across the lake in this condo has been freshly painted, an updated kitchen and hardwood floors. Great location across from the lakefront bike path and steps from Montrose & Foster beach. Plenty of public transportation nearby (the 136, 146 and 148 buses stop right in front of the building). Restaurants, stores and historical music venues are all within walking distance. Full amenity building includes on-site management office & maintenance, 24 hr front desk staff, package receiving, laundry room, gym, game room, business center, community center, 2 rooftop decks with 360 views of lake and city, bike rooms, and more. Condo can be rented out, minimum of 6 month lease required. Association allows up to 49% and rentals are currently at 39%. Reserves are approximately $4.8 mil.

Listing Agent

Susan Strange

Coldwell Banker Realty License #475189307 Listed on: 11/14/2025

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1947

HOA Fees

  • $514 Monthly HOA Fees

Home Design

  • Entry on the 7th floor
  • Brick Exterior Construction

Interior Spaces

  • 700 Sq Ft Home
  • Family Room
  • Living Room
  • Dining Room
  • Water Views
  • Laundry Room

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Potential Bedroom
  • 1 Full Bathroom

Utilities

  • Baseboard Heating
  • Lake Michigan Water

Community Details

Overview

  • Association fees include heat, water, insurance, doorman, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal, internet
  • 570 Units
  • Jay Or Matt Association, Phone Number (773) 878-5900
  • Shoreline Park Subdivision
  • Property managed by Sudler
  • 15-Story Property

Amenities

  • Doorman
  • Sundeck
  • Business Center
  • Party Room
  • Coin Laundry
  • Elevator
  • Service Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Fitness Center
  • Bike Trail

Pet Policy

  • Limit on the number of pets
  • Dogs and Cats Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,864

Year Built

Built in 1947

Lot Details

0

HOA Fees

$514 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • EntryLevel: 7
  • New Construction: No
  • Property Sub-Type: Condo
  • Subdivision Name: Shoreline Park
  • Year Built: 1947
  • Age: 71-80 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 15

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • LivingArea: 700
  • Room Type: No additional rooms
  • Stories Total: 15
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Flooring: Vinyl

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Heated Garage, Yes, Leased, Attached, Garage

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Electric, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Additional Pet Rent, Cats OK, Dogs OK, Number Limit
  • Association Fee: 514
  • Association Amenities: Bike Room/Bike Trails, Door Person, Coin Laundry, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Party Room, Sundeck, Receiving Room, Service Elevator(s), Business Center
  • Association Fee Frequency: Monthly
  • Management: Manager On-site,Monday through Friday
  • Master Association Fee Frequency: Not Required
  • Management Company: Sudler
  • Management Contact Name: Jay or Matt
  • Management Phone: 773-878-5900

Fee Information

  • Association Fee Includes: Heat, Water, Insurance, Doorman, Exercise Facilities, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Lease Amount: 200
  • Board Number: 8
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: No
  • Max Pet Weight: 999

Tax Info

  • Tax Annual Amount: 1864
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 570

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,864 $10,869 $1,737 $9,132
2023 $1,817 $8,836 $1,556 $7,280
2022 $1,817 $8,836 $1,556 $7,280
2021 $1,776 $8,834 $1,555 $7,279
2020 $1,791 $8,039 $970 $7,069
2019 $1,780 $8,860 $970 $7,890
2018 $1,750 $8,860 $970 $7,890
2017 $1,383 $6,424 $854 $5,570
2016 $1,287 $6,424 $854 $5,570
2015 $1,177 $6,424 $854 $5,570
2014 $977 $5,264 $659 $4,605
2013 $957 $5,264 $659 $4,605
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $150,000 -- $214 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Special Warranty Deed $108,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $67,000 No Value Available
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12517608

Midwest Real Estate Data (MRED)

APN: 14-08-412-040-1172