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63 E 56th St
Pending
Multi-Family
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$599,999

63 E 56th St, Chicago

49% below median
6 bd·4 ba·0 sqft
Built 1894Washington Park

63 E 56th St, Chicago, IL

6 bd · 4 ba · 0 sqft Multi-Family listed at $599,999, built in 1894 in the Washington Park neighborhood.

About this home

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.

Property details

Price
$599,999
Bedrooms
6
Bathrooms
4
Year built
1894
Type
Multi-Family
Days on market
48
Est. property tax
$12,480/yr · $1,040/mo · 2.08% IL avg
Last sold
$340,000 · Mar 2006

Estimated monthly payment

Down payment20% ($120,000)
Interest rate6.75%
Principal & Interest$3,113
Property Tax$550
Insurance$150
Total$3,813/mo

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Price history

$657K$315K$-27K$30K on Jun 96 (Sold)$340K on Mar 06 (Sold)$600K on Mar 26 (Initial list)
$30K · Jun 96$600K · Mar 26
  1. Mar 9, 2026$599,999Initial list price
  2. Mar 14, 2006$340,000Sold
  3. Jun 20, 1996$30,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

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Home Intelligence

Neighborhood (zip 60637)

This neighborhood skews young (median age 31.2) and is primarily renter-occupied (26% owner-occupied). 14% hold a bachelor's degree; median household income is $37,247.

Median income
$37,247
Median age
31.2
Owner-occupied
25.7%
Bachelor's degree
14.4%
Census median home value
$240,600

Source: US Census Bureau American Community Survey 5-year estimates.

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