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    • Price cut: $50K (7/9)
    $399,900

    1631 S Michigan Ave APT 506, Chicago, IL 60616

    2beds
    1,350sqft
    : 
    $3,866/mo
    Get pre-qualified
    Condominium, Apartment, Single Family Residence
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $296/sqft
    $829/mo HOA

    What's special

    Gas fireplaceClassic loft detailsDramatic floor-to-ceiling windowsGenerous primary suiteOversized windowsBoutique brick-and-timber elevator buildingIn-unit laundry
    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. Currently the largest two-bedroom condo on the market in the South Loop priced under $400,000, this is a rare opportunity to enjoy true loft living with exceptional space, warmth, convenience, and vibrant city energy all in one exceptional home. Seller will provide a $5,000 closing cost credit if the transaction closes before September 1.
    34 days
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    542
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    22
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    Zillow last checked:

    Listing updated:

    Listed by:

    David New 773-562-2856,

    Berkshire Hathaway HomeServices Chicago

    Source: MRED as distributed by MLS GRID,MLS#: 12682879MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Balcony/Porch/Lanai, Foyer, Bonus Room
      Primary bedroom
      • Features: Flooring (Carpet), Window Treatments (Curtains/Drapes), Bathroom (Full)
      • Level: Main
      • Area: 208 Square Feet
      • Dimensions: 16X13
      Bedroom 2
      • Features: Flooring (Wood Laminate), Window Treatments (Curtains/Drapes)
      • Level: Main
      • Area: 120 Square Feet
      • Dimensions: 12X10
      Balcony porch lanai
      • Level: Main
      • Area: 32 Square Feet
      • Dimensions: 08X04
      Bonus room
      • Features: Flooring (Wood Laminate)
      • Level: Main
      • Area: 40 Square Feet
      • Dimensions: 5X8
      Dining room
      • Features: Flooring (Wood Laminate)
      • Level: Main
      • Area: 60 Square Feet
      • Dimensions: 10X6
      Foyer
      • Features: Flooring (Wood Laminate)
      • Level: Main
      • Area: 50 Square Feet
      • Dimensions: 10X5
      Kitchen
      • Features: Kitchen (Eating Area-Breakfast Bar), Flooring (Wood Laminate)
      • Level: Main
      • Area: 91 Square Feet
      • Dimensions: 13X7
      Laundry
      • Features: Flooring (Wood Laminate)
      • Level: Main
      • Area: 16 Square Feet
      • Dimensions: 4X4
      Living room
      • Features: Flooring (Wood Laminate), Window Treatments (Curtains/Drapes)
      • Level: Main
      • Area: 221 Square Feet
      • Dimensions: 17X13
      Heating
      • Natural Gas, Forced Air, Radiant, Indv Controls
      Cooling
      • Central Air
      Appliances
      • Included: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
      • Laundry: Washer Hookup, In Unit
      Features
      • Elevator, Storage, Walk-In Closet(s)
      • Flooring: Laminate
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Gas Log, Gas Starter, Living Room
      • Common walls with other units/homes: End Unit
      Interior area
      • Total structure area: 0
      • Total interior livable area: 1,350 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Asphalt, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached
      • Attached garage spaces: 1
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: Door Width 32 Inches or More, Bath Grab Bars, Low Bathroom Mirrors, Low Closet Rods, Lowered Light Switches, Main Level Entry, No Interior Steps, Disabled Parking, Wheelchair Accessible, Wheelchair Height Mailbox, Disability Access
      Features
      • Exterior features: Balcony
      Details
      • Additional parcels included: 17223020511092
      • Parcel number: 17223020511047
      • Special conditions: List Broker Must Accompany
      • Other equipment: TV-Cable, Intercom

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium, Apartment, Single Family Residence
      Materials
      • Brick, Stone
      • Foundation: Concrete Perimeter, Pillar/Post/Pier
      • Roof: Rubber
      Condition
      • New construction: No
      • Year built: 1920
      • Major remodel year: 1998

      Utilities & green energy

      • Electric: Circuit Breakers, 100 Amp Service
      • Sewer: Public Sewer
      • Water: Lake Michigan, Public
      • Utilities for property: Cable Available

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s)
      HOA
      • Has HOA: Yes
      • Amenities included: Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting
      • Services included: Heat, Water, Gas, Parking, Insurance, Cable TV, Exterior Maintenance, Scavenger, Snow Removal, Internet
      • HOA fee: $829 monthly
      Location
      • Region: Chicago

      Financial & listing details

      • Price per square foot: $296/sqft
      • Tax assessed value: $397,920
      • Annual tax amount: $8,312
      • Date on market: 6/19/2026
      • Ownership: Condo

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/9/2026Price change$399,900-11.1%$296/sqft
        Source: MRED as distributed by MLS GRID #12682879 Report a problem
        6/19/2026Listed for sale$449,900$333/sqft
        Source: MRED as distributed by MLS GRID #12682879 Report a problem
        6/19/2026Listing removed$449,900$333/sqft
        Source: MRED as distributed by MLS GRID #12649473 Report a problem
        5/20/2026Listed for sale$449,900+35.5%$333/sqft
        Source: MRED as distributed by MLS GRID #12649473 Report a problem
        4/16/2021Sold$332,000-2.3%$246/sqft
        Source: MRED as distributed by MLS GRID #10937411 Report a problem
        3/15/2021Pending sale$339,900$252/sqft
        Source: MRED as distributed by MLS GRID #10937411 Report a problem
        2/15/2021Contingent$339,900$252/sqft
        Source: MRED as distributed by MLS GRID #10937411 Report a problem
        2/12/2021Price change$339,900-1.4%$252/sqft
        Source: MRED as distributed by MLS GRID #10937411 Report a problem
        12/12/2020Listed for sale$344,900+51.9%$255/sqft
        Source: MRED as distributed by MLS GRID #10937411 Report a problem
        6/21/1999Sold$227,000$168/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $39,792 +10.5%
        2023$6,919 +2.9%$35,999
        2022$6,722 +2%$35,999
        2021$6,589 +1.5%$35,999 +11.6%
        2020$6,493 +2%$32,251 -8.2%
        2019$6,366 +1.7%$35,116
        2018$6,258 +9.1%$35,116 +17%
        2017$5,735 +4.1%$30,018
        2016$5,512 +9.8%$30,018
        2015$5,020 +9.1%$30,018 +9.7%
        2014$4,603 +2.3%$27,376
        2013$4,501 -8.4%$27,376
        2012$4,913 -18.8%$27,376 -26.7%
        2011$6,048 -0.4%$37,325
        2010$6,074 +4.4%$37,325
        2009$5,820 +52.8%$37,325 +40.6%
        2008$3,809 -1.4%$26,553 -2.4%
        2007$3,864 -1.1%$27,207
        2006$3,906 +2.1%$27,207 +16.2%
        2005$3,826 +1%$23,412
        2004$3,787 +13.2%$23,412
        2003$3,345 -5.4%$23,412 +8.9%
        2002$3,537 +4.8%$21,508
        2001$3,374 $21,508
        2000-- $21,508
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: South Loop

        Getting around

        94 / 100
        Walker's Paradise
        84 / 100
        Excellent Transit
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • 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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