221 56th St
Downers Grove, IL 60516
4 bd 3 ba 2,936 sqft Built 1973 Lot 10,454 sqft single_family
Most recent sale
$612,000
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 1, 2022 | Sold | $612,000 | MLS #11398925 |
| May 10, 2022 | Listed | $584,900 | MLS #11398925 |
| Sep 28, 1995 | Sold | $218,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $118,092 | $72,872 | $190,964 | $10,474 |
| 2022 | $94,870 | $62,530 | $157,400 | $8,910 |
| 2021 | $93,790 | $61,820 | $155,610 | $8,340 |
| 2020 | $91,930 | $60,600 | $152,530 | $8,186 |
| 2019 | $88,210 | $58,150 | $146,360 | $7,927 |
| 2018 | $87,560 | $57,890 | $145,450 | $7,970 |
| 2017 | $84,260 | $55,710 | $139,970 | $7,718 |
| 2016 | $80,420 | $53,170 | $133,590 | $7,567 |
| 2015 | $75,660 | $50,020 | $125,680 | $7,457 |
| 2014 | $73,560 | $48,630 | $122,190 | $7,461 |
| 2013 | $73,220 | $48,400 | $121,620 | $7,309 |
| 2012 | $76,520 | $50,580 | $127,100 | $7,085 |
| 2011 | $80,350 | $53,870 | $134,220 | $6,937 |
| 2010 | $94,890 | $44,530 | $139,420 | $6,686 |
| 2009 | $86,340 | $47,270 | $133,610 | $5,928 |
| 2008 | $86,340 | $47,270 | $133,610 | $5,716 |
| 2007 | $81,530 | $44,640 | $126,170 | $5,487 |
| 2006 | $81,530 | $44,640 | $126,170 | $5,604 |
Property facts
Year built
1973
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,936 sqft
Lot size
10,454 sqft
ZIP code
60516
City
Downers Grove
Street
56th St
Coordinates
41.78543, -87.99059
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,285
Gross rental yield
10.36%
Implied cap rate
6.74%
Trend-extrapolated value
—
Frequently asked questions
When did 221 56th St last sell?
221 56th St most recently sold on Jul 1, 2022 for $612,000.
What is the current tax assessment for 221 56th St?
The most recent total assessment for 221 56th St (year 2024) is $190,964 with $10,474 in property tax.
How does 221 56th St's assessment compare to its last sale price?
The current assessment is 68.8% below the last sale price of $612,000.
When was 221 56th St built?
221 56th St was built in 1973.
How does 221 56th St compare to others on 56th St?
We track 2 other properties on 56th St. Browse the list under "Other properties on 56th St" to compare beds, baths, and sale history.
What are the property facts for 221 56th St?
221 56th St is a 4 bed, 3 bath, 2,936 sqft, 10,454 sqft lot single_family.
Is 221 56th St a flip candidate?
No — 221 56th St does not appear in our flips dataset.
Is 221 56th St a tax-appeal candidate?
No — 221 56th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.6%
2026 Q3
$489.6K
2026 Q4
$489.6K
ZIP 60516 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 56th St