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$599,900 Just Listed
Property Description
Bathed in natural light, this sophisticated corner residence at Tower Lofts offers a seamless blend of industrial loft character and refined modern luxury. The expansive open-concept floor plan is anchored by a stunning wall of east-facing windows and 16ft ceilings inviting the morning sun to illuminate the rich textures of the home. At the heart of the living space, a fully renovated chef's kitchen features sleek granite countertops, premium stainless steel appliances, and custom 42" cabinetry. The layout flows effortlessly into a dedicated dining area and a gracious living room, which extends out to a private balcony-perfect for morning coffee or an evening breeze. The primary suite serves as a serene retreat, complete with an organized walk-in closet that leads to a spa-inspired bathroom. This sanctuary has been meticulously updated with heated porcelain flooring, quartz vanities, and high-end Grohe fixtures. A thoughtful split-bedroom configuration ensures privacy, with the second bedroom being fully enclosed. Modern essentials abound, including in-unit laundry, a Nest thermostat, and dimmable LED lighting throughout. Residents also enjoy access to a common roof deck with panoramic views, and completing the amazing unit is one attached included garage parking space. Situated in a premier location, the property provides immediate access to the boutiques and dining of the Southport Corridor and Roscoe Village, along with nearby staples like Whole Foods, Target, and the Paulina Brown Line station.
Full Property Details
Full Property Details for 1601 W School St #502
General
- Price: $599,900
- HOA FEE: $785/month
- Taxes: $9,514 (2024)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12675805
- Updated: 6/14/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: None
- Interior Features: Vaulted Ceiling(s), Storage, Walk-In Closet(s), Open Floorplan
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Living Room, Gas Log, Gas Starter
- Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Elevator in Residence, Storage, Sundeck
- Equipment: Cable TV, Ceiling Fan(s)
Exterior
- Exterior Features: Balcony, Roof Deck
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Garage Door Opener, Heated Garage, Yes, Garage Owned, Attached, Garage
Location
- Area: CHI - Lake View
- County: Cook
- Township: Lake View
- Subdivision: Tower Lofts
- Driving Directions: ASHLAND (1600 WEST), NORTH OF BELMONT (3200 NORTH) OR SOUTH OF ADDISON (3600 NORTH) TO BUILDING - ON SW CORNER OF SCHOOL (3300 NORTH) AND ASHLAND.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: Burley Elementary School
- Middle School: Burley Elementary School
- High School: Lake View High School
- Private School: Lake View High School
Community
- Assoc. Fees Include: Water, Parking, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK
- Pet Restrictions: Cats OK, Dogs OK, / 999lbs.
- Mgmt. Company: The Building Group
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Structural Information
- Structure Type: Condo, Condo/Loft
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: None
- Common Walls: End Unit
- Windows: Screens
- Sub-Flooring: Hardwood
- Entry Floor Number: 5
- Stories/Levels: 7
- Sq. Ft. Source: Not Reported
- Year Built: 1912
- Built Before 1978: Yes
- Remodeled/Updated: 1995
Unit Information
- Units in Building: 79
Lot Features
- Lot Dimensions: COMMON
- Lot Features: Corner Lot
Animals
- Animals Allowed: Cats OK, Dogs OK
Financial Considerations
- Association Fee: $785
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1912
- Tax Amount: $9,514.6
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 14194260421040
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Schools
Schools serving 1601 W School St #502
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burley Elementary School 1630 West Barry Avenue, Chicago, IL 60657 | K-8 | 0.2 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1601 W School St #502
Date
Details
Price
Change
Source
6/14/2026
Listed
$599,900
26.29%
MLS
8/05/2019
Sold
$475,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1601 W School St #502
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,123
—
$46,129
10%
2023
$9,123
3%
$42,039
—
2022
$8,889
2%
$42,039
—
2021
$8,685
—
$42,039
11%
2020
$8,660
11%
$37,852
-8%
2019
$7,816
2%
$41,251
—
2018
$7,683
14%
$41,251
22%
2017
$6,733
4%
$33,756
—
2016
$6,455
10%
$33,756
—
2015
$5,894
5%
$33,756
6%
2014
$5,608
-6%
$31,749
—
2013
$5,986
-2%
$31,749
-3%
2012
$6,110
—
$32,771
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1601 W School St #502
1601 W School Street #502, Chicago, IL 60657 (MLS# 12675805) is a Condo property with 2 bedrooms and 2 full bathrooms. 1601 W School Street #502 is currently listed for $599,900 and was received on June 14, 2026. Want to learn more about 1601 W School Street #502? Do you have questions about finding other Condo real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.
