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$23 -$2 (-8%) Price Reduced
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Property Description
High-profile Hyde Park commercial space steps from the University of Chicago. This 5,000 SF former bank branch (w/ optional full basement) offers exceptional visibility and flexibility, ideal for dental practices, med spas, medical offices, legal, educational, architectural or interior-design firms, retail, or a boutique professional use. The property features soaring ceiling heights, a large open floor plan, three (3) restrooms, and a second-floor kitchenette and conference room, providing a strong foundation for both client-facing and operational needs. With 25 feet of frontage on 57th Street, directly across from Ray Elementary School, the space benefits from consistent foot traffic and neighborhood exposure. The adaptable layout allows for custom buildout, subdivision, or shared occupancy, making it well-suited for practices or studios seeking a polished, flagship presence in a well-established 57th Street corridor. Up to 10 exterior parking spaces available at an additional cost. A rare opportunity to establish or expand your business in one of Chicago's most desirable neighborhood commercial districts. Contact for details or a private tour.
Full Property Details
Full Property Details for 1311 E 57th St
General
- Price: $23
- Taxes: $35,149 (2023)
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12556053
- Updated: 3/5/2026
- Added to Site: 36 day(s) ago
Interior
- Interior Features: Private Restroom(s), Basement, Mezzanine
- Flooring: Carpet, Wood, Other
Location
- Area: CHI - Hyde Park
- County: Cook
- Driving Directions: 57th STREET, E OF WOODLAWN. PROPERTY ON S SIDE OF STREET
- Location Details: Freestanding/Urban, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Sub-Flooring: Carpet, Wood, Other
- Stories/Levels: 2
- Current Bldg. Use: Commercial, Office
- Year Built: 1916
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Frontage: City Street
- Zoning: RTAIL
Financial Considerations
- Lease Price: $23
- For Sale/Rent/Lease: For Rent Only
- Assessment Year: 1916
- Tax Amount: $35,149.56
- Tax Year: 2023
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 1311 E 57th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ray Elementary School 5631 South Kimbark Avenue, Chicago, IL 60637 | 7-8 | 0 mi |
Kenwood Academy High School 5015 South Blackstone Avenue, Chicago, IL 60615 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1311 E 57th St
Date
Details
Price
Change
Source
2/28/2026
Price Reduced
$23
-8%
MLS
1/28/2026
Listed
$25
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1311 E 57th St
1311 E 57th Street, Chicago, IL 60637 (MLS# 12556053) is a Commercial Lease property. 1311 E 57th Street is currently listed for $23 and was received on January 28, 2026. This property is listed by Kyle Capone from our Evanston Office.Want to learn more about 1311 E 57th Street? Do you have questions about finding other Commercial Lease real estate for sale in Hyde Park? You can browse all Hyde Park real estate or contact a Coldwell Banker agent to request more information.


