Step into a South Loop penthouse loft that feels more SoHo than Chicago. Set within a classic industrial building, this expansive residence blends authentic loft architecture with a warm, design-forward aesthetic rarely found in today's construction. Exposed brick walls, soaring ceilings, oversized windows, skylights, and warm maple flooring create a space that feels both dramatic and effortlessly livable. The heart of the home is an expansive open-concept living space anchored by an oversized butcher block island, reclaimed wood shelving, and a professional-grade Thermador kitchen that feels curated rather than manufactured. Natural light pours across the home throughout the day, while the scale of the living and dining areas offers the kind of volume buyers crave. Thoughtful renovations introduced custom steel-and-glass doors, updated baths, and a lofted office above the 2nd bedroom overlooking the main living space. The primary suite feels quietly luxurious with thoughtful details, and a spa-inspired bath finished with subway tile and Restoration Hardware vanity. Above it all, a private rooftop deck offers an outdoor escape rarely found - even including an outdoor shower. 3 parking spaces including a private garage included. This is a rare opportunity to own a true character-filled penthouse loft in the South Loop - the kind of space that becomes harder to find every year.
Active
$1,000,000
1617 S Michigan Ave APT 312, Chicago, IL 60616
2beds
--sqft
Condominium, Apartment, Single Family Residence
Built in ----
-- sqft lot
$992,900 Zestimate®
$--/sqft
$635/mo HOA
What's special
Classic industrial buildingSoaring ceilingsAuthentic loft architectureOversized butcher block islandOversized windowsExposed brick wallsUpdated baths
- 64 days |
- 542 |
- 26 |
Zillow last checked:
Listing updated:
Listed by:
Vikas Wadhwa 312-878-6464,
Urban Living Properties, LLC
Source: MRED as distributed by MLS GRID,MLS#: 12652529
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Office, Deck
Primary bedroom
- Features: Flooring (Hardwood), Bathroom (Full)
- Level: Main
- Area: 210 Square Feet
- Dimensions: 15X14
Bedroom 2
- Features: Flooring (Hardwood)
- Level: Main
- Area: 130 Square Feet
- Dimensions: 13X10
Deck
- Features: Flooring (Other)
- Level: Third
- Area: 630 Square Feet
- Dimensions: 18X35
Dining room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 425 Square Feet
- Dimensions: 25X17
Kitchen
- Features: Kitchen (Island), Flooring (Hardwood)
- Level: Main
- Area: 200 Square Feet
- Dimensions: 20X10
Living room
- Features: Flooring (Hardwood)
- Level: Main
- Area: 450 Square Feet
- Dimensions: 25X18
Office
- Features: Flooring (Hardwood)
- Level: Second
- Area: 150 Square Feet
- Dimensions: 15X10
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Dishwasher, Washer, Dryer, Disposal, Stainless Steel Appliance(s), Range Hood, Gas Cooktop
- Laundry: Washer Hookup, In Unit
Features
- Cathedral Ceiling(s), Elevator, Built-in Features
- Flooring: Hardwood
- Windows: Skylight(s)
- Basement: None
- Common walls with other units/homes: End Unit
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage Door Opener, Off Site, Garage Owned, Detached, Garage
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: No Disability Access
Features
- Patio & porch: Roof Deck, Deck
Lot
- Features: Common Grounds
Details
- Additional parcels included: 17223020501059,17223020501041,17223020501050
- Parcel number: 17223020501018
- Special conditions: List Broker Must Accompany
- Other equipment: Intercom
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Apartment, Single Family Residence
Materials
- Brick
- Foundation: Brick/Mortar, Concrete Perimeter
- Roof: Other
Condition
- New construction: No
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & HOA
Community
- Subdivision: Studebaker Lofts
HOA
- Has HOA: Yes
- Amenities included: Service Elevator(s)
- Services included: Water, Parking, Insurance, Scavenger
- HOA fee: $635 monthly
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $475,580
- Annual tax amount: $10,529
- Date on market: 5/19/2026
- Ownership: Condo
Estimated market value
$992,900
$943,000 - $1.04M
$2,819/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Listed for sale | $1,000,000+11.1% |
Source:  MRED as distributed by MLS GRID #12652529 Report a problem | ||
| 6/14/2023 | Listing removed | -- |
Source: MRED as distributed by MLS GRID #11795050 Report a problem | ||
| 5/30/2023 | Listed for sale | $900,000 |
Source: MRED as distributed by MLS GRID #11795050 Report a problem | ||
| 4/19/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 4/8/2023 | Listed for rent | $6,500 |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $47,558 +4.3% |
| 2023 | $9,651 +2.6% | $45,592 |
| 2022 | $9,407 +2.3% | $45,592 |
| 2021 | $9,196 +2.6% | $45,592 +13.3% |
| 2020 | $8,965 +1.8% | $40,243 -8.2% |
| 2019 | $8,803 -11.2% | $43,817 -12.7% |
| 2018 | $9,915 +1.3% | $50,193 +10.4% |
| 2017 | $9,790 +7.5% | $45,479 |
| 2016 | $9,109 +9.3% | $45,479 |
| 2015 | $8,334 -9.4% | $45,479 -8.3% |
| 2014 | $9,202 +7.7% | $49,597 |
| 2013 | $8,542 +1.1% | $49,597 |
| 2012 | $8,452 +7.9% | $49,597 -5.3% |
| 2011 | $7,833 +1.3% | $52,377 |
| 2010 | $7,734 +6.8% | $52,377 |
| 2009 | $7,242 +25.8% | $52,377 +11.8% |
| 2008 | $5,755 +7.5% | $46,834 |
| 2007 | $5,353 +16.3% | $46,834 |
| 2006 | $4,603 +3.6% | $46,834 +35.7% |
| 2005 | $4,444 +2.7% | $34,515 |
| 2004 | $4,327 -55.6% | $34,515 -44% |
| 2003 | $9,753 +165.5% | $61,634 +201.5% |
| 2002 | $3,673 +15.2% | $20,444 |
| 2001 | $3,190 -4.8% | $20,444 |
| 2000 | $3,351 | $20,444 +5.2% |
| 1999 | -- | $19,441 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South Loop
Nearby schools
GreatSchools rating
- 8/10South Loop Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: South Loop Elementary School
- Middle: South Loop Elementary School
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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