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$599,999
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Property Description
Exceptional Greystone opportunity in Chicago's evolving Washington Park community-ideal for investors and owner-occupants seeking versatility and long-term value. This property features a finished basement with a private 1-bedroom, 1-bathroom mother-in-law suite complete with a full kitchen, creating the perfect setup for multi-generational living, guest accommodations, or potential rental income. Laundry room with coin operated machines. Positioned in a prime South Side location, the property offers convenient access to Washington Park, Hyde Park, the University of Chicago, and the growing cultural and economic corridor surrounding the area. Residents enjoy proximity to shopping, dining, parks, and public transportation, along with easy access to major expressways for a quick commute throughout the city. For investors, the additional living space provides income-generating potential and flexible use options, making this a compelling addition to a rental portfolio or a smart house-hack opportunity. Ideal for multi-generational living or rental income.Located near Washington Park and the University of Chicago.Close to public transportation and major expressways.Strong investment and value-add potential.A rare opportunity to own a property that combines location, flexibility, and investment potential in one of Chicago's historic and steadily developing neighborhoods.
Full Property Details
Full Property Details for 63 E 56th St
General
- Price: $599,999
- Taxes: $2,362 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12586649
- Updated: 3/14/2026
- Added to Site: 26 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Interstate Access
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 4
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - Washington Park
- County: Cook
- Township: Hyde Park
- Driving Directions: I-90/94 take Exit 55C Go east on Garfield Blvd to King Drive. Turn left on King Drive to 56th Street.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full, Walk-Out Access
- Year Built: 1894
- Built Before 1978: Yes
- Remodeled/Updated: 2007
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 102
Financial Considerations
- Assessment Year: 1894
- Tax Amount: $2,362
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20151080020000
Listed by Mock Realty LLC
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Schools
Schools serving 63 E 56th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carter Elementary School, Chicago, IL 5740 South Michigan Avenue, Chicago, IL 60637 | PK-8 | 0.2 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 63 E 56th St
Date
Details
Price
Change
Source
3/08/2026
Listed
$599,999
76.47%
MLS
7/08/2005
Sold
$340,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 63 E 56th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,362
4%
$14,475
—
2022
$2,281
1%
$14,475
—
2021
$2,248
-35%
$14,475
-23%
2020
$3,474
-3%
$18,698
-12%
2019
$3,580
2%
$21,248
—
2018
$3,519
-5%
$21,248
3%
2017
$3,707
2%
$20,595
—
2016
$3,625
10%
$20,595
—
2015
$3,293
49%
$20,595
42%
2014
$2,213
-33%
$14,498
-30%
2013
$3,309
1%
$20,824
—
2012
$3,289
—
$20,824
—
Disclaimer: Historical tax 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 63 E 56th St
63 E 56th Street, Chicago, IL 60637 (MLS# 12586649) is a Multi-Family property with 3 units containing 6 bedrooms and 0 full bathrooms. 63 E 56th Street is currently listed for $599,999 and was received on March 08, 2026. Want to learn more about 63 E 56th Street? Do you have questions about finding other Multi-Family real estate for sale in Washington Park? You can browse all Washington Park real estate or contact a Coldwell Banker agent to request more information.

