Check Availability

324 East 56th Street

324 East 56th Street, Chicago, IL 60637
Property in Washington Park
Refi Dec 12, 2003
Transfer
$100,000 by Midamerica Bank Fsb
Mortgage Due Jan 01, 2029
324 East 56th Street in Chicago, IL was first built in 1910 and is 114 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. There are a total of 3 floors. There are a total of 24 rooms in the home, of which, 12 are bedrooms. In terms of bathrooms, there are a total of 6 full bathrooms. There are 6 partial bathrooms. 324 East 56th Street has 5,772 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,620 square feet.

Learn more about the property and building on this page. The roof of the home is made of tar and gravel. For those who need parking, there is a detached garage. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $6,602 in taxes per year. The property on 324 East 56th Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $32,000. To break that down further, the land itself was valued at $16,170. While improvements to the property were assessed at a total of $15,830. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 24
  • Bedroom Count: 12
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Tar and gravel
  • Floor Count: 3
  • Living Units: 6
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,620
  • Total Building Area: 5,772
  • Gross Building Area: 5,772
  • Building Area: 5,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 5,772
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: YERBYS SUB
  • Land Acres: 0.106
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (YERBYS) SUB OF NH OF NH OF NW & WH OF NE OF NH SEC 15-38-14

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 400400

Zoning

  • Zoning: RM-5

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 70
  • Parcel: 20-15-106-009-0000
  • Block: 2
  • Lot: 20
  • Meridian: SEC 15 TWN 38N RNG 14E
  • Municipality: HYDE PARK
  • Latitude: 41.7932
  • Longitude: -87.6181

    Address

  • Full Address: 324 E 56th St
  • Address - House Number: 324
  • Street Direction: E
  • Address - Street Name: 56th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Chicago
  • Carrier Code: C012
  • 4-Digit Zip Code: 1037
  • Zip Code: 60637

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,602
  • Tax Rate Code Area: 70127

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 417,581
  • High Value: 524,281
  • Low Value: 310,880

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: MIDAMERICA BANK FSB
  • First Open Lien Mortgage Recording Date: Dec 12, 2003
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2029

    Market Valuation

  • Market Total Value: $320,000
  • Market Land Value: $161,700
  • Market Improvement Value: $158,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,000
  • Assessed Land Value: $16,170
  • Assessed Improvements Value: $15,830

About South Side



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 129 E 72nd Street, Chicago, IL, 60619

$1,350 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
129 E 72nd Street #2, Chicago, IL, 60619 Listing by Roshaunta Lewis
Unit for rent at 414 W Englewood Avenue, Chicago, IL, 60621

$1,410 /mo

  • 2 Beds
  • 1 Bath
  • 950 ft²
414 W Englewood Avenue #2, Chicago, IL, 60621 Listing by Michala Hood
Unit for rent at 5900 S King Drive, Chicago, IL, 60637

$1,375 /mo

  • 2 Beds
  • 2 Baths
  • 800 ft²
5900 S King Drive #GC, Chicago, IL, 60637 Listing by Denise Hoekstra
Unit for rent at 6527 S Vernon Avenue, Chicago, IL, 60637

$1,450 /mo

  • 3 Beds
  • 1 Bath
  • 1,005 ft²
6527 S Vernon Avenue #1, Chicago, IL, 60637 Listing by Betty Clayton
Unit for rent at 5301-5309 South Ellis Ave, Chicago, IL

$1,299 /mo

  • Studio
  • 1 Bath
  • 418 ft²
5301-5309 South Ellis Ave, Chicago, IL
Unit for rent at 1440-1450 East 52nd Street, Chicago, IL

$1,450 /mo

  • 1 Bed
  • 1 Bath
  • 581 ft²
1440-1450 East 52nd Street, Chicago, IL
Unit for rent at 5405-5407 S. Woodlawn Avenue, Chicago, IL

$1,345 /mo

  • Studio
  • 1 Bath
  • 400 ft²
5405-5407 S. Woodlawn Avenue, Chicago, IL

Frequently Asked Questions

What neighborhood is 324 East 56th Street located in?
The 324 East 56th Street is a located in the neighborhood of Washington Park in South Side, Chicago.
What is the average sales price for listings in 324 East 56th Street?
The average sales price for units in 324 East 56th Street is $0 currently.

Quantcast