A 3-Bedroom Co-Op with a Private Terrace for $529,000: 1321 E. 56th in Hyde Park
This 3-bedroom co-op at 1321 E. 56th in Hyde Park was listed in June 2022 (sorry, I don’t have a picture so I’m including one of the Gold Coast.)
Built in 1929, this building was designed by Henry Holsman and has just 12 units.
The building has parking, a yard and garden.
This unit is a full-floor unit which is one flight up.
It has some of its vintage features including crown moldings, an entry foyer, a separate dining room and a wood burning fireplace.
It has herringbone hardwood floors.
The listing says the unit has seen “modernization” including wiring, plumbing, central air and updated Pella windows.
The kitchen has black cabinets, what looks like wood counter tops, luxury appliances including Viking and Subzero and a breakfast bar with seating for 2.
The listing says there is an updated primary bath and shower.
The third bedroom has been “redone” and is opened as a den.
But the big feature is the private 50×10 private outdoor terrace with remote powered awnings and automatic irrigation.
This unit has the features buyers look for including central air and a parking space but there’s no washer/dryer in the unit. It appears there is coin laundry in the building.
This building is just steps from the University of Chicago, Metra and the shops and restaurants of Hyde Park.
This unit came on the market in June 2022 for $595,000 and has been reduced to $529,000.
That is still above the recent Sep 2021 sale at $465,000.
This unit is also being offered furnished.
Will the seller get the premium over the 2021 sale?
Timothy Salm and Donald Benson at Jameson Sotheby’s have the listing. See the pictures here. Sorry, no floor plan but it’s listed in the prior listing pictures.
Unit #1: 3 bedrooms, 2.5 baths, no square footage listed, co-op
- Co-op makes it difficult to get prior sales price
- Sold in September 2021 for $465,000
- Originally listed in June 2022 for $595,000
- Reduced
- Currently listed at $529,000
- Assessments of $1342 a month (includes heat, gas, parking, exterior maintenance, snow removal, lawn care, scavenger)
- Taxes of $6072
- Central Air
- No washer/dryer in the unit. Coin laundry in the building
- On-site parking space included
- Wood burning fireplace
- Bedroom #1: 14×10
- Bedroom #2: 16×12
- Bedroom #3: 14×10
- Kitchen: 17×10
- Living room: 22×15
- Dining room: 14×12
- Walk-in-closet: 6×3
- Foyer: 9×6
It’s all very nice, but it is a little too nice for the building?
Really nice location for someone with a UC affilaition.
The Qbert kitchen tile is awesome along with the rest of the kitchen!
Like this place a lot
That being said, seller is delusional, $465k w/ a sub 3% rate is $1k/mo less.
Odd that the furniture is the same…
“seller is delusional, $465k w/ a sub 3% rate is $1k/mo less”
Furnishings included, tho!
“Furnishings included, tho!”
Was last time, no?
Didn’t look; I’ll assume you are correct.
Inflation has been bad–replacing the furnishings would be more expensive now.
Beautiful unit in a classic building. Coin laundry -ouch. Wish it were a higher floor but then no terrace, I suppose.
Unit 11 sold in late 2021 for $375,000. Truth be told I’d rather be higher up and forgo the terrace. So much sunnier.
https://www.zillow.com/homedetails/1321-E-56th-St-APT-11-Chicago-IL-60637/2068444590_zpid/?mmlb=g,11
Nice unit! Lots of light due to no buildings next to condo. There is also a park in back in addition to location near U of C. The assessment seems low for this type of building. Bad tuckpointing mars the entrance.
“Qbert kitchen tile”
Painted floor, no?
Some cute colors/design selections!
“ Painted floor, no?”
You are correct, painted HW
Looks great, not sure on the ware and tear the owner put it thru
Must’ve sold because the “penthouse” unit and 12th floor units are for sale (same owner, but not allowed to combine units – the building didn’t want the tax increase) now.
It’s under contract at $499,900. Hasn’t closed yet FG.
How do you know what its under contract for?
We don’t know what it will sell for since it hasn’t closed. I said it’s under contract at $499,900. For those who don’t understand real estate lingo: it’s listed now at $499,900 and is now under contract.
You don’t know what it’s under contract for
All one knows (outside of those directly involved) is that the list went down to $499k and an offer was made