E 56th St & E Knight St Area
Solid value in a growing area
2 homes for sale·Median $199K·Walkability 0.0/10·Schools 3.7/10
What surprises people out here is how much land and water access you get without feeling cramped—this stretch sits just under a mile from Lake Michigan, with Hungerford Lake Recreation Area about a short drive away, and the whole character of the place is defined by wooded acreage and room to breathe. You'll find substantial properties with pole barns and outbuildings, the kind of space where people actually store their vehicles and equipment rather than cramming everything into a garage, and the county-maintained roads keep things accessible even on quieter parcels. Federal land and public trails weave through the area, so outdoor folks—whether you're into hunting, fishing, or just walking the property line—have genuine access without needing to travel far. The homes that sell here tend to lean toward renovation projects and raw land plays, which means there's real character in what gets built or finished on these lots, and the wooded setting feels genuinely removed from anything high-density, yet you're never more than a handful of minutes from practical services.
Why people love it here
$199K median
- 1 recent sale
Conventional Mortgage Calculator
Median home price in E 56th St & E Knight St Area
Estimated Monthly Payment
$1,351/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Based on 3 rated schools nearby
Range: 3/10 to 4/10
School District: Baldwin Community Schools
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Switzer Lake Public Access
Tank Lake
Crime in E 56th St & E Knight St Area is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Lake County.
Lake County crime & safety stats →To buy a median-priced E 56th St & E Knight St Area home (around $199,000) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $35k/year in household income to qualify — an estimated monthly payment of $1,324 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,324/mo | $35,296 |
| 10% (+PMI) | $1,524/mo | $40,637 |
| 5% (+PMI) | $1,591/mo | $42,423 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
3 parcels
Active / pending
Median Price
$10K
Per listing
Solar potential
~$903/yr in electricity from a typical rooftop solar system
Produces ~6,321 kWh/yr · offsets ~60% of a typical home's use
Utility, solar, and service details for E 56th St & E Knight St Area are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
Flood Risk
None
Not in flood zone
Nearest Park
Roller Bridge Boating Access Site
1.9 mi
Parks Nearby
0
within 1 mile
Frequently asked about E 56th St & E Knight St Area
- What do homes cost in E 56th St & E Knight St Area?
- The median home value in E 56th St & E Knight St Area is about $199,000. Individual prices vary by street, size, and condition.
- How active is the E 56th St & E Knight St Area housing market?
- there are 2 homes for sale in E 56th St & E Knight St Area right now, and 1 home sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve E 56th St & E Knight St Area?
- E 56th St & E Knight St Area is served by Baldwin Community Schools. Its highest-rated assigned school is Baldwin Elementary School (4/10).
- Is E 56th St & E Knight St Area walkable?
- E 56th St & E Knight St Area scores 0.0/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in E 56th St & E Knight St Area
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