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$289,500 Just Listed
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Property Description
Discover the epitome of urban sophistication in this vibrant east facing 2-bedroom, 2-bathroom downtown loft at 8 W Monroe #507. The Metropolis is nestled just steps away from cultural landmarks like The Art Institute, Millennium Park, Maggie Daley Park, and the bustling theaters of Michigan Avenue, this home offers a dynamic lifestyle that combines convenience with style. As you enter through the elongated hallway, you'll be greeted by a generous foyer adorned with built-in bookshelves, offering a private and serene introduction to your urban sanctuary. This home is complemented by soaring ceiling heights, creating an airy and expansive atmosphere. The kitchen showcases sleek granite counters and breakfast bar, perfect for entertaining or unwinding after a day in the city. Both Bedrooms generously sized and lots of closets throughout to accomodate all of your needs. Primary Bathroom recently updated. Lightly lived in and well maintained. The building enhances your living experience with amenities like a fully equipped gym and a stunning rooftop party room and deck, ideal for leisurely afternoons or sunset views. On-site management and a doorman ensure every need is met, while the included deeded valet parking spot offers added convenience-even though you'll rarely need a car in this prime location. Please note, as a true loft, the bedrooms maintain privacy without windows and both bedrooms are lofted. This is urban living redefined-schedule your private showing today!
Full Property Details
Full Property Details for 8 W Monroe St #507
General
- Price: $289,500
- HOA FEE: $1,147/month
- Taxes: $6,074 (2024)
- Status: Active
- Type: Condo
- Source: MRED
- MLS ID: 12571450
- Updated: 2/26/2026
- Added to Site: 1 day(s) ago
Interior
- Basement: None
- Appliances: Range, Microwave, Dishwasher, Refrigerator
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Shared Amenities: Bike Room/Bike Trails, Door Person, Elevator(s), Exercise Room, Storage, On-Site Manager/Engineer, Party Room, Sundeck
- Other Features: Commuter Bus, Commuter Train, Interstate Access
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Yes, Garage Owned, Attached, Garage
Location
- Area: CHI - Loop
- County: Cook
- Township: South Chicago
- Subdivision: Metropolis Condominiums
- Driving Directions: Corner of State and Monroe. Building entrance is just West of State on Monroe.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
- Elementary School: South Loop Elementary School
- Middle School: South Loop Elementary School
- High School: Phillips Academy High School
- Private School: Phillips Academy High School
Community
- Assoc. Fees Include: Heat, Water, Gas, Parking, Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal, Internet
- Pets Allowed: Yes
- Pets: Cats OK, Dogs OK, Number Limit, Size Limit
- Pet Restrictions: Cats OK, Dogs OK, Number Limit, Size Limit, / 50lbs.
- 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
- Construction: Stone
- Exterior Const.: Stone
- Basement Desc.: None
- Common Walls: End Unit
- Sub-Flooring: Hardwood
- Entry Floor Number: 5
- Stories/Levels: 21
- Square Feet: 1,080
- Sq. Ft. Source: Estimated
- Year Built: 1913
- Built Before 1978: Yes
- Remodeled/Updated: 2008
Unit Information
- Units in Building: 170
Lot Features
- Lot Dimensions: CONDO
Animals
- Animals Allowed: Cats OK, Dogs OK, Number Limit, Size Limit
Financial Considerations
- Association Fee: $1,147
- Assoc Fee Freq.: Monthly
- Parking Included: Yes
- Assessment Year: 1913
- Tax Amount: $6,074.61
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Condo
- Property ID: 17162060331017
Listed by Compass
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Schools
Schools serving 8 W Monroe St #507
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 1 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 8 W Monroe St #507
Date
Details
Price
Change
Source
2/26/2026
Listed
$289,500
5.27%
MLS
10/31/2016
Sold
$275,000
—
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 8 W Monroe St #507
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,975
3%
$27,067
—
2022
$5,801
2%
$27,067
—
2021
$5,665
-2%
$27,067
9%
2020
$5,762
1%
$24,927
-8%
2019
$5,680
2%
$27,148
—
2018
$5,582
20%
$27,148
31%
2017
$4,636
7%
$20,659
—
2016
$4,336
9%
$20,659
—
2015
$3,976
13%
$20,659
15%
2014
$3,518
2%
$17,905
—
2013
$3,450
1%
$17,905
—
2012
$3,416
—
$17,905
—
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 8 W Monroe St #507
8 W Monroe Street #507, Chicago, IL 60603 (MLS# 12571450) is a Condo property with 2 bedrooms and 2 full bathrooms. 8 W Monroe Street #507 is currently listed for $289,500 and was received on February 26, 2026. Want to learn more about 8 W Monroe Street #507? Do you have questions about finding other Condo real estate for sale in The Loop? You can browse all The Loop real estate or contact a Coldwell Banker agent to request more information.

