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$279,900

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 900 Sq. Ft.
  • Updated 4 days ago
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Hardly EVER available true loft living in the heart of the South Loop! This spacious and extra-wide 1-bedroom, 1-bath residence in sought-after Tandem Lofts combines authentic loft character with thoughtful modern updates. Featuring soaring ceilings, an open-concept floor plan, exposed ductwork loft styling, and abundant natural light, this home offers a unique blend of urban sophistication and comfort. Unlike many loft bedrooms, the generously sized bedroom is fully enclosed and includes a window, providing privacy without sacrificing light. The inviting living area showcases genuine hardwood floors and a cozy gas fireplace, while the beautifully renovated kitchen features crisp quartz countertops, soft-close cabinetry, under-cabinet lighting, an undermount sink with built-in water filtration, and ample workspace for cooking and entertaining. The updated bathroom includes upgraded plumbing with replacement shower/tub piping and individual shutoff valves added in 2022 for added peace of mind. Additional improvements include a stackable front-loading washer and dryer installed in 2022, new bedroom carpeting, an organized walk-in closet, and custom window treatments throughout. Step outside to your private balcony, the perfect spot for morning coffee or relaxing with an afternoon breeze. Building amenities include secure entry, a dog run, bike storage, and private caged storage. Ideally located in the vibrant South Loop, this home is just moments from Lake Michigan, Mariano's, museums, Soldier Field, public transportation, restaurants, shopping, and one of Chicago's premier dog parks. Enjoy the best of city living in a well-managed building with exceptional convenience and an unbeatable location. Deeded parking space #11 is included in the purchase price.

Full Property Details for 1631 S Michigan Ave #502

General

  • Price: $279,900
  • HOA FEE: $468/month
  • Taxes: $3,822 (2024)
  • Status: Active
  • Type: Condo
  • Source: MRED
  • MLS ID: 12684246
  • Updated: 7/2/2026
  • Added to Site: 16 day(s) ago

Interior

  • Basement: None
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath, Storage, Built-in Features, Walk-In Closet(s), Dining Combo
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Living Room, Gas Starter
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, High-End Refrigerator, Washer, Dryer, Stainless Steel Appliance(s)
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bathroom Features: Soaking Tub

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Shared Amenities: Bike Room/Bike Trails, Elevator in Residence, Storage
  • Other Features: Commuter Bus, Commuter Train

Exterior

  • Exterior Features: Balcony

Parking

  • Total Spaces: 1
  • Parking Features: Assigned, Yes, Owned

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, Insurance, Security, TV/Cable, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal, Internet
  • Pets Allowed: Yes
  • Pets: Cats OK, Dogs OK
  • Pet Restrictions: Cats OK, Dogs OK, / 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
  • Sub-Flooring: Hardwood
  • Entry Floor Number: 5
  • Stories/Levels: 6
  • Square Feet: 900
  • Sq. Ft. Source: Estimated
  • Built Before 1978: Yes

Unit Information

  • Units in Building: 58

Lot Features

  • Lot Dimensions: COMMON

Animals

  • Animals Allowed: Cats OK, Dogs OK

Financial Considerations

  • Association Fee: $468
  • Assoc Fee Freq.: Monthly
  • Parking Included: Yes
  • Tax Amount: $3,822.11
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Condo
  • Special Conditions: List Broker Must Accompany
  • Property ID: 17223020511043

Listed by @properties Christie's International Real Estate

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— 1631 S Michigan Ave #502 —

  • @properties Christie's International Real Estate

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Price & Sales History for 1631 S Michigan Ave #502 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/22/2026
Listed
$279,900
43.54%
MLS
6/10/2021
Sold
$195,000
—
Public Record
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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 #502

Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,532
—
$22,249
11%
2023
$3,532
3%
$19,999
—
2022
$3,421
-15%
$19,999
—
2021
$4,034
—
$19,999
10%
2020
$4,051
2%
$18,185
-8%
2019
$3,978
2%
$19,800
—
2018
$3,911
7%
$19,800
17%
2017
$3,644
7%
$16,926
—
2016
$3,390
9%
$16,926
—
2015
$3,102
8%
$16,926
10%
2014
$2,864
2%
$15,437
—
2013
$2,808
1%
$15,437
—
2012
$2,770
—
$15,437
—
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 #502, Chicago, IL 60616 (MLS# 12684246) is a Condo property with 1 bedroom and 1 full bathroom. 1631 S Michigan Avenue #502 is currently listed for $279,900 and was received on June 22, 2026. Want to learn more about 1631 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.

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