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$505,000
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Property Description
Not your cookie cutter loft. This stunning combined 2 units to one offers 2-bedroom, 2-bathroom condo nestled in a prime Chicago South Loop. Enjoy North facing views from one of your 2 balconies in this 1,400 square feet of thoughtfully designed space, this modern midrise unit that offers a blend of contemporary updates and urban charm. Step inside to be greeted by tall ceilings that enhance the open and airy atmosphere. The fully updated kitchen is the organized chef's dream, featuring sleek stainless steel appliances, gas range, fully integrated dishwasher, and pull out pantry, all beautifully complemented by modern lighting and fixtures and oversized island. The expansive living area showcases exposed brick and a cozy fireplace, seamlessly flowing onto one of two private balconies-ideal for unwinding or entertaining guests. The massive primary bedroom is a true retreat, offering ample space and access to a private balcony, walk in closest and ensuite. Both bathrooms are elegantly appointed with modern fixtures and finishes. Hardwood floors run throughout, adding warmth and modernization to every room. Rare offering of both garage parking, and guest parking. Storage area ensures ample room for all your belongings. Deeded garage parking sold separately for $30,000. Don't miss the opportunity to make this exceptional space your own.
Full Property Details
Full Property Details for 1601 S Michigan Ave #502
General
- Sold For: $505,000
- HOA FEE: $719/month
- Taxes: $6,879 (2023)
- Status: Closed
- Type: Condo
- Source: MRED
- MLS ID: 12581530
Interior
- Interior Features: Cathedral Ceiling(s)
- Fireplace: Yes
- Fireplace(s): Family Room, Gas Log, Gas Starter
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, Stainless Steel Appliance(s)
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Bathroom Features: Whirlpool, Separate Shower, Double Shower, Soaking Tub
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Elevator(s), Storage, Security Door Lock(s)
Exterior
- Exterior Features: Balcony, Outdoor Grill
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Garage Door Opener, Off Site, Deeded, Detached, Garage
Location
- Area: CHI - Near South Side
- County: Cook
- Driving Directions: Michigan Ave to 16th Street. Building is on the SE Corner of 16th St & Michigan Ave
School Information
- School District: 299
- Midd School District: 299
- Elementary School: South Loop Elementary School
Community
- Assoc. Fees Include: Water, Insurance, TV/Cable, Internet
- Pets Allowed: Yes
- Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
- Mgmt. Company: The Forth Group
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Water: Lake Michigan, Public
Structural Information
- Structure Type: Condo, Mid-Rise (4 to 6 Stories)
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Foundation: Concrete Perimeter
- Sub-Flooring: Hardwood
- Entry Floor Number: 5
- Stories/Levels: 6
- Square Feet: 1,400
- Sq. Ft. Source: Plans
- Year Built: 1925
- Built Before 1978: Yes
Unit Information
- Units in Building: 47
Lot Features
- Lot Dimensions: COMMON
Financial Considerations
- Association Fee: $719
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1925
- Tax Amount: $6,879.25
- Tax Year: 2023
Disclosures and Reports
- Ownership: Condo
- Property ID: 17223020521036
Listed by Compass
Sold by Real Broker LLC
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Schools
Schools serving 1601 S Michigan Ave #502
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.5 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
1601 S Michigan Avenue #502, Chicago, IL 60616 (MLS# 12581530) is a Condo property that was sold at $505,000 on April 10, 2026. Want to learn more about 1601 S Michigan Avenue #502? Do you have questions about finding other Condo real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.

