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1631 S Michigan Avenue Chicago, IL 60616 Residential - Condominium Active

  • 1631 S Michigan Avenue, Unit 506, Chicago, IL 60616 Main Photo

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Description

Set within the historic Tandem Lofts, a distinctive warehouse conversion completed in 2000, this 2-bedroom, 2-bath unit enjoys the best of both worlds: authentic loft character in a building thoughtfully redeveloped with the addition of three upper floors, creating a unique blend of vintage industrial architecture and contemporary living. Soaring 10-foot ceilings and dramatic floor-to-ceiling windows fill the home with natural light while framing partial lake and city views throughout the day. The open-concept living and dining space is ideal for both everyday living and entertaining, anchored by a gas fireplace and direct access to a private balcony perfect for morning coffee or evening sunsets. The spacious kitchen features warm wood cabinetry, granite countertops, stainless steel appliances, and abundant prep and storage space. The generous primary suite offers excellent natural light, a large walk-in closet, and an en suite bath designed for comfort and convenience, while the second bedroom functions beautifully as a guest room, home office, or creative space with oversized windows of its own. Additional highlights include in-unit laundry, a large coat closet/storage room ideal for bikes and seasonal items, plus an additional dedicated storage space in the building. Heated garage parking is included. Set within a boutique brick-and-timber elevator building with classic loft details and an elegant, modern lobby, this home places you moments from some of the South Loop's most beloved destinations including Museum Campus, Burnham Harbor, Soldier Field, the lakefront trail, neighborhood coffee shops, restaurants, parks, grocery stores, and public transportation. A rare opportunity to enjoy true loft living with space, warmth, convenience, and vibrant city energy all in one exceptional home.

Property Highlights

Property Type: Residential - Condominium
Total Living Area SF: 1,350
Garage Size: 1
Attached Garage
Heated Garage
Built in 1920
School District: District 299
Brick Exterior
Stone Exterior
One Fireplace

General Information

Bedrooms: 2
Bathrooms: 2
Sqft: 1,350
County: Cook
Listed By:
Berkshire Hathaway HomeServices Chicago 312-642-1400
MRED MLS

Room Information

Balcony/Porch/Lanai: 08X04
Foyer: 10X5
Bonus Room: 5X8
Bedroom 2: 12X10
Dining Room: 10X6
Kitchen: 13X7
Laundry: 4X4
Living Room: 17X13
Primary Bedroom: 16X13
$449,900
Est. $2,915/mo
2beds
2baths
1,350sqft
1cars
Active
BEDS2 BATHS2 full SQUARE FEET1,350 MLS#12682879
STATUSActive PROPERTY TYPEResidential - Condominium SCHOOLDistrict 299

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1631 S Michigan Avenue, Unit 506, Chicago, IL 60616.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $449,900$449,900$449,900
Down Payment $89,980$15,747$112,475
Monthly Mortgage Amount $2,158$2,684$2,779
Taxes $626$626$626
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$198$0
Monthly Estimated Total $2,915$3,639$3,536

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