Choice cuts: $90K for a lakefront two-bedroom in Hyde Park

Parkshore Apartments, 1755 E 55th St, Chicago - picture from VHT

A “M O T I V A T E D S E L L E R !!!” at Hyde Park’s Parkshore Apartments, 1755 – 1765 E 55th St, is asking $89,900 for a fifth-floor two-bedroom / two-bath with 1,750 square feet, more than $115,000 less than the home’s list price in March 2010.

Unit #503 features a master suite, separate living and dining rooms, and a foyer. 2008 taxes are $1,100 with a homeowner exemption and special assessments; monthly assessments and dues are $1,108, covering heat, water, common insurance, security, door staff, exterior maintenance, scavenger, and snow removal. Paula Adams of Coldwell Banker has the listing.

Parkshore Apartments is a co-op high-rise located just west of Lake Shore Drive and Promontory Point and a block north of the Museum of Science and Industry. It gets a Walk Score of 86 (“Very Walkable”) and a Transit Score of 63 (“Good Transit”) from WalkScore.com. (The transit score would be higher if WalkScore would figure Metra lines into its equations — the 55th-56th-57th Street depot is just 0.4 miles away.)

Other units available at Parkshore Apartments include six one-bedroom / one-baths with 550 to 858 square feet, priced from $89,000 to $117,000, with assessments of $350 to $704 and taxes of $407 to $996, and two three-bedroom / three-baths with 2,000 and 2,100 square feet, priced at $275,000 and $290,000, with assessments of $1,500 and taxes of $1,225 and $1,235.

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