Listing provided courtesy of Coldwell Banker RealtyMREDas Distributed by MLSGrid- MLS# 12556053MLS Provider

1311 E 57th StreetChicago, IL 60637

Commercial
$22 Active

1311 E 57th Street Overview

Time on Site:
152 days
Visits:
7

High-profile Hyde Park commercial space steps from the University of Chicago. This 5,000 SF former bank branch (w/ optional full basement) offers exceptional visibility and flexibility, ideal for dental practices, med spas, medical offices, legal, educational, architectural or interior-design firms, retail, or a boutique professional use. The property features soaring ceiling heights, a large open floor plan, three (3) restrooms, and a second-floor kitchenette and conference room, providing a strong foundation for both client-facing and operational needs. With 25 feet of frontage on 57th Street, directly across from Ray Elementary School, the space benefits from consistent foot traffic and neighborhood exposure. The adaptable layout allows for custom buildout, subdivision, or shared occupancy, making it well-suited for practices or studios seeking a polished, flagship presence in a well-established 57th Street corridor. Up to 10 exterior parking spaces available at an additional cost. A rare opportunity to establish or expand your business in one of Chicago's most desirable neighborhood commercial districts. Contact for details or a private tour.

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1311 E 57th Street Facts & Features

  • Type Commercial

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Existing Lease Type: Net
  • Net Operating Income: 999999

Building Information

  • Year Built: 1916

Business Information

  • Current Use: Commercial,Office

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Hyde Park

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance

Tax Information

  • Tax Annual Amount: $35,149.56
  • Tax Year: 2023

General Information

  • Property Sub Type: Other
  • Property Type: Commercial Lease
  • Zoning: RTAIL

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet, Wood, Other
  • Leasable Area: 5000
  • Stories: 2

Unit Information

  • Unit SqFt.: 5000

Exterior

Lot Information

  • Frontage Type: City Street
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 1
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

1311 E 57th Street Neighborhood

Community

60637 (Chicago) Demographics

31
Median Age
8,890
Population Density (per sq. mile)
41%
College Educated
$30,149
Estimated Median Income
4,970
Estimated Total Home Owners
15,152
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1311 E 57th Street Market Data

Based on the last 30 days in this zip code

$393,653
Average List Price
$235
Average Price per Square Foot
24
Properties Sold
105
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

1311 E 57th Street History

Date Event Value Agent
3/4/2026Source: MRED Status Change
Active
2/27/2026Source: MRED Price Reduction
$22 -8.3%
2/27/2026Source: MRED Status Change
Price Change
2/2/2026Source: MRED Status Change
Active
1/28/2026Source: MRED Added to Database
January 28, 2026