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$298,888 -$200 (-0.07%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 850 Sq. Ft.
  • Updated 3 days ago
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Beautiful, sun-filled loft in the highly sought-after Tandem Lofts! This rarely available 1-bedroom, 1-bath residence features an extra-wide floor plan, soaring 13-foot ceilings, and authentic loft character throughout. The spacious layout offers a generous bedroom suite, a walk-in closet, and the convenience of an in-unit washer and dryer. The inviting living area is anchored by a cozy fireplace, while engineered hardwood floors add warmth and sophistication. The chef's kitchen is designed for both everyday living and entertaining, featuring a large island, abundant pantry storage, and granite countertops. Step outside to the expansive private terrace-an ideal space for relaxing, dining al fresco, or hosting guests. Additional highlights include a beautifully renovated bathroom, ample storage, and a thoughtfully designed floor plan that maximizes both comfort and functionality. Ideally situated in the heart of the South Loop, this home is just steps from Lake Michigan, Mariano's, public transportation, museums, Soldier Field, restaurants, and one of the city's premier dog parks. Enjoy the best of urban living in a well-managed building with an unbeatable location and exceptional convenience.

Full Property Details for 1631 S Michigan Ave #402

General

  • Price: $298,888
  • HOA FEE: $500/month
  • Taxes: $4,690 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12674966
  • Updated: 8/22/2026
  • Added to Site: 76 day(s) ago

Interior

  • Basement: None
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Elevator in Residence
  • Other Features: Commuter Bus, Commuter Train

Location

  • Area: CHI - Near South Side
  • County: Cook
  • Township: South Chicago
  • Driving Directions: Michigan Ave South from Roosevelt to 1631

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Community

  • Assoc. Fees Include: Heat, Water, Gas, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
  • Pets Allowed: Yes
  • Pets: Cats OK, Deposit Required
  • Pet Restrictions: Cats OK, Deposit Required, / 999lbs.
  • Mgmt. Company: Forth Group

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Lake Michigan

Structural Information

  • Structure Type: Condo
  • Construction: Brick
  • Exterior Const.: Brick
  • Basement Desc.: None
  • Entry Floor Number: 4
  • Stories/Levels: 6
  • Square Feet: 850
  • Sq. Ft. Source: Estimated
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 99

Lot Features

  • Lot Dimensions: COMMON

Animals

  • Animals Allowed: Cats OK, Deposit Required

Financial Considerations

  • Association Fee: $500
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $4,690.67
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17223020511033

Listed by North Shore Prestige Realty

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— 1631 S Michigan Ave #402 —

  • North Shore Prestige Realty

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Price & Sales History for 1631 S Michigan Ave #402 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/22/2026
Price Reduced
$298,888
-0.07%
MLS
8/14/2026
Price Reduced
$299,088
-0.27%
MLS
6/28/2026
Price Reduced
$299,888
-0.04%
MLS
6/11/2026
Listed
$300,000
19.05%
MLS
3/12/2021
Sold
$252,000
—
Public Record
Get Price Alerts and Save Property
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 for 1631 S Michigan Ave #402

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,445
—
$23,262
11%
2023
$4,445
3%
$20,999
—
2022
$4,333
22%
$20,999
—
2021
$3,564
1%
$20,999
10%
2020
$3,544
4%
$19,013
-8%
2018
$3,411
-2%
$20,703
—
2019
$3,470
13%
$20,703
17%
2017
$3,083
1%
$17,696
—
2016
$3,044
10%
$17,696
—
2015
$2,762
10%
$17,696
10%
2014
$2,518
2%
$16,139
—
2013
$2,457
—
$16,139
—
2012
$2,448
—
$16,139
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1631 S Michigan Avenue #402, Chicago, IL 60616 (MLS# 12674966) is a Condo property with 1 bedroom and 1 full bathroom. 1631 S Michigan Avenue #402 is currently listed for $298,888 and was received on June 11, 2026. Want to learn more about 1631 S Michigan Avenue #402? 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.

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