1700 E 56th St, Unit 705 Chicago, IL 60637
Hyde Park Neighborhood
1
Bed
1
Bath
750
Sq Ft
$748/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Sundeck
- Kenwood Academy High School Rated A-
- Party Room
- Elevator
About This Home
As of February 2025Attention Investors!! Excellent choice for anyone looking for a great, turnkey investment opportunity!! This sun drenched one-bedroom, one-bathroom well-maintained condo is occupied by a stable, long-term tenant, who is very interested in continuing as a tenant. This tastefully decorated home features newer windows, stove, and refrigerator. It is in one of Hyde Park's premier full-service buildings whose amenities include a 24-hour doorman, heated garage with 24-hour valet parking, indoor guest parking, fitness room, penthouse party room, roof top viewing, laundry room, bike storage room, 24-hour building engineer, and a storage locker! Located only minutes away from the University of Chicago and steps away from downtown transportation, Lake Michigan, the Museum of Science and Industry, shopping, dining, parks and the upcoming Obama Center. The Property is being sold "As-Is", the Seller will not make any repairs. Schedule your Showing today!
Last Agent to Sell the Property
EXIT Strategy Realty License #475104665 Listed on: 11/22/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,607
Year Built
- Built in 1968
HOA Fees
- $748 Monthly HOA Fees
Parking
- 1 Car Attached Garage
- Handicap Parking
- Heated Garage
- Garage Transmitter
- Garage Door Opener
- Circular Driveway
- Parking Included in Price
Home Design
- Slab Foundation
Interior Spaces
- 750 Sq Ft Home
- Family Room
- Combination Dining and Living Room
- Laundry Room
Kitchen
- Range<<rangeHoodToken>>
- <<microwave>>
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Accessible Home Design
- Accessibility Features
- No Interior Steps
- Level Entry For Accessibility
Utilities
- Baseboard Heating
- Heating System Uses Steam
- 100 Amp Service
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, air conditioning, water, insurance, security, doorman, tv/cable, exercise facilities, exterior maintenance, lawn care, scavenger, snow removal
- 369 Units
- Olivia Or Jennifer Association, Phone Number (773) 324-1701
- Property managed by 1700 East 56th Street Condominium Assoc.
- 40-Story Property
Amenities
- Doorman
- Sundeck
- Common Area
- Party Room
- Coin Laundry
- Elevator
- Service Elevator
- Community Storage Space
Recreation
Pet Policy
- Pets up to 30 lbs
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 22, 2024
Closed on
Feb 18, 2025
Sold by
Chisem James L
Bought by
Bearov Cathryn and Watanabe Scott
Seller's Agent
William Bates Jr
EXIT Strategy Realty
Buyer's Agent
Tonia Ingram
RE/MAX Premier
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.38%
Purchase Details
Listed on
Sep 12, 2021
Closed on
Feb 14, 2022
Sold by
Venable Sateria
Bought by
Chisem James L
Seller's Agent
Regina Washington
Matchmaker Property Solutions,LLC
Buyer's Agent
Joshua Worth
Century 21 Universal
Sold Price
$135,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.72%
Original Mortgage
$121,500
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Sep 12, 2021
Closed on
Jan 12, 2022
Sold by
Venable Sateria
Bought by
Chisem James L
Seller's Agent
Regina Washington
Matchmaker Property Solutions,LLC
Buyer's Agent
Joshua Worth
Century 21 Universal
Sold Price
$135,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 2004
Sold by
Taylor Jeanette
Bought by
Venable Sateria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,400
Interest Rate
7.99%
Mortgage Type
Unknown
Purchase Details
Closed on
Jun 1, 1995
Sold by
56Th & Hyde Park Partnership
Bought by
Nicholson Zeno T and Nicholson Novella
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,150
Interest Rate
7.79%
Similar Homes in Chicago, IL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $170,000 | Chicago Title | |
| Warranty Deed | $135,000 | -- | |
| Warranty Deed | $135,000 | -- | |
| Administrators Deed | $155,500 | Metropolitan Title Co | |
| Warranty Deed | $72,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $121,500 | Purchase Money Mortgage | |
| Previous Owner | $121,500 | Purchase Money Mortgage | |
| Previous Owner | $440,000 | Unknown | |
| Previous Owner | $124,400 | Unknown | |
| Previous Owner | $65,150 | No Value Available | |
| Closed | $31,100 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Rent | $2,000 | 0.0% | -- |
| 02/18/2025 02/18/25 | Sold | $170,000 | -2.9% | $227 / Sq Ft |
| 12/21/2024 12/21/24 | Pending | -- | -- | -- |
| 11/22/2024 11/22/24 | For Sale | $175,000 | +29.6% | $233 / Sq Ft |
| 01/14/2022 01/14/22 | Sold | $135,000 | 0.0% | $180 / Sq Ft |
| 01/04/2022 01/04/22 | For Sale | -- | -- | -- |
| 12/31/2021 12/31/21 | Off Market | $135,000 | -- | -- |
| 12/11/2021 12/11/21 | Pending | -- | -- | -- |
| 12/09/2021 12/09/21 | Pending | -- | -- | -- |
| 09/12/2021 09/12/21 | For Sale | $137,000 | -- | $183 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,607 | $13,475 | $619 | $12,856 |
| 2023 | $1,829 | $12,312 | $505 | $11,807 |
| 2022 | $1,829 | $12,312 | $505 | $11,807 |
| 2021 | $1,806 | $12,311 | $504 | $11,807 |
| 2020 | $1,206 | $8,514 | $399 | $8,115 |
| 2019 | $1,174 | $9,274 | $399 | $8,875 |
| 2018 | $1,153 | $9,274 | $399 | $8,875 |
| 2017 | $1,150 | $8,718 | $329 | $8,389 |
| 2016 | $1,246 | $8,718 | $329 | $8,389 |
| 2015 | $1,117 | $8,718 | $329 | $8,389 |
| 2014 | $1,171 | $8,881 | $269 | $8,612 |
| 2013 | $1,137 | $8,881 | $269 | $8,612 |
Source: Public Records
Agents Affiliated with this Home
-
Tonia Ingram
T
Seller's Agent in 2025
Tonia Ingram
RE/MAX Premier
2 in this area
8 Total Sales
-
William Bates Jr
Seller's Agent in 2025
William Bates Jr
EXIT Strategy Realty
(773) 297-2871
1 in this area
26 Total Sales
-
Regina Washington
Seller's Agent in 2022
Regina Washington
Matchmaker Property Solutions,LLC
(708) 925-2953
1 in this area
47 Total Sales
-
Victoria Gordon
Seller Co-Listing Agent in 2022
Victoria Gordon
Matchmaker Property Solutions,LLC
1 in this area
31 Total Sales
-
Joshua Worth
Buyer's Agent in 2022
Joshua Worth
Century 21 Universal
(847) 477-2730
1 in this area
5 Total Sales
About This Building
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12213867
APN: 20-13-102-029-1044
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