Welcome to Residence 701 - a desirable corner two-bedroom, two-bath home in the heart of the South Loop. This light-filled unit features floor-to-ceiling windows that frame striking city views and fill the open living and dining areas with natural light. A private balcony provides valuable outdoor space for morning coffee, grilling, or relaxing with skyline views. The generous layout includes an open kitchen, spacious bedrooms, large walk-in closets, in-unit laundry, and a dedicated storage unit. Garage parking is included in the price, adding everyday convenience. The building is well-maintained, with recent updates such as a renovated lobby, new storage lockers, refreshed parking garage, upgraded security and entry systems, new make-up air unit, boilers, and elevators. This prime location puts you close to the lakefront, museums, parks, public transit, Soldier Field, and a range of restaurants, shopping, and neighborhood amenities that make the South Loop one of Chicago's most connected communities.
Closed
$361,000
1845 S Michigan Ave Unit 701, Chicago, IL 60616
2beds
1,050sqft
Condominium, Single Family Residence
Built in 2003
-- sqft lot
$381,400 Zestimate®
$344/sqft
$3,046 Estimated rent
Home value
$381,400
$359,000 - $408,000
$3,046/mo
Zestimate® history
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$3,007/mo
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List your homeWhat's special
Corner two-bedroomPrivate balconyFloor-to-ceiling windowsSpacious bedroomsStriking city viewsIn-unit laundryDedicated storage unit
Zillow last checked:
Listing updated:
Listed by:
Mike Larson 847-754-7550,
Jameson Sotheby's Intl Realty
Bought with:
K.C. Lau
@properties Christie's International Real Estate
Source: MRED as distributed by MLS GRID,MLS#: 12413221
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Foyer
Primary bedroom
- Features: Bathroom (Full)
- Level: Main
- Area: 231 Square Feet
- Dimensions: 11X21
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10X10
Dining room
- Level: Main
- Dimensions: COMBO
Foyer
- Level: Main
- Area: 50 Square Feet
- Dimensions: 5X10
Kitchen
- Level: Main
- Area: 72 Square Feet
- Dimensions: 6X12
Laundry
- Level: Main
- Area: 12 Square Feet
- Dimensions: 3X4
Living room
- Level: Main
- Area: 420 Square Feet
- Dimensions: 14X30
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Laundry: In Unit
Features
- Basement: None
Interior area
- Total structure area: 0
- Total interior livable area: 1,050 sqft
Property
Parking
- Total spaces: 1
- Parking features: On Site, Garage Owned, Attached, Garage
- Attached garage spaces: 1
Accessibility
- Accessibility features: No Interior Steps, Disability Access
Details
- Additional parcels included: 17223071061177
- Parcel number: 17223071061010
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium, Single Family Residence
Materials
- Glass, Concrete
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Water: Lake Michigan
Community & HOA
HOA
- Has HOA: Yes
- Services included: Heat, Air Conditioning, Water, Gas, Insurance, Cable TV, Scavenger
- HOA fee: $433 monthly
Location
- Region: Chicago
Financial & listing details
- Price per square foot: $344/sqft
- Tax assessed value: $338,120
- Annual tax amount: $4,589
- Date on market: 7/8/2025
- Listing terms: Conventional
- Ownership: Condo
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $361,000+3.4%$344/sqft |
Source:  MRED as distributed by MLS GRID #12413221 Report a problem | ||
| 7/14/2025 | Contingent | $349,000$332/sqft |
Source: MRED as distributed by MLS GRID #12413221 Report a problem | ||
| 7/8/2025 | Listed for sale | $349,000$332/sqft |
Source: MRED as distributed by MLS GRID #12413221 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $33,812 +40.9% |
| 2023 | $4,378 +3.1% | $23,999 |
| 2022 | $4,246 +1.9% | $23,999 |
| 2021 | $4,169 -18.2% | $23,999 -7.6% |
| 2020 | $5,097 +2% | $25,981 -8.2% |
| 2019 | $4,997 +1.7% | $28,299 |
| 2018 | $4,911 +16.9% | $28,299 +23.6% |
| 2017 | $4,202 +2.9% | $22,895 |
| 2016 | $4,085 +10% | $22,895 |
| 2015 | $3,715 +11.4% | $22,895 +11.5% |
| 2014 | $3,335 +2.4% | $20,542 |
| 2013 | $3,258 +0.6% | $20,542 |
| 2012 | $3,238 +11.8% | $20,542 +3.2% |
| 2011 | $2,897 -11.5% | $19,897 -9.3% |
| 2010 | $3,273 -13.4% | $21,935 -15.7% |
| 2009 | $3,778 +39.3% | $26,011 +25.3% |
| 2008 | $2,712 -4.4% | $20,754 -4.5% |
| 2007 | $2,836 -23.7% | $21,726 -21.7% |
| 2006 | $3,718 -9.5% | $27,749 +2.8% |
| 2005 | $4,110 -9% | $26,982 -3.4% |
| 2004 | $4,517 | $27,926 |
Find assessor info on the county website
Neighborhood: South Loop
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Nearby schools
GreatSchools rating
- 6/10National Teachers Elementary AcademyGrades: PK-8Distance: 0.4 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.2 mi
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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Estimated market value
$381,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$381,400
- Illinois
- Cook County
- Chicago
- 60616
- South Loop
- 1845 S Michigan Ave Unit 701
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