1631 S Michigan Ave #506 Chicago, IL 60616
1631 S Michigan Ave #506 Chicago, IL 60616 | MLS 12739490 Photo 1
1631 S Michigan Ave #506 Chicago, IL 60616 | MLS 12739490 Photo 2
1631 S Michigan Ave #506 Chicago, IL 60616 | MLS 12739490 Photo 3
1631 S Michigan Ave #506 Chicago, IL 60616 | MLS 12739490 Photo 4
1631 S Michigan Ave #506 Chicago, IL 60616 | MLS 12739490 Photo 5
For more information on this listing, contact us at: (773) 998-2401
Active
$389,900
-2.5%

1631 S Michigan Ave #506 Chicago, IL 60616

Attached Single Property Type
2 Beds
2 Baths
1,350 Sq. Ft.
1920 Year Built
Cook County
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Set within the historic Tandem Lofts, a distinctive warehouse conversion completed in 2000, this 2-bedroom, 2-bath unit enjoys the best of both worlds: authentic loft character in a building thoughtfully redeveloped with the addition of three upper floors, creating a unique blend of vintage industrial architecture and contemporary living. Soaring 10-foot ceilings and dramatic floor-to-ceiling windows fill the home with natural light while framing partial lake and city views throughout the day. The open-concept living and dining space is ideal for both everyday living and entertaining, anchored by a gas fireplace and direct access to a private balcony perfect for morning coffee or evening sunsets. The spacious kitchen features warm wood cabinetry, granite countertops, stainless steel appliances, and abundant prep and storage space. The generous primary suite offers excellent natural light, a large walk-in closet, and an en suite bath designed for comfort and convenience, while the second bedroom functions beautifully as a guest room, home office, or creative space with oversized windows of its own. Additional highlights include in-unit laundry, a large coat closet/storage room ideal for bikes and seasonal items, plus an additional dedicated storage space in the building. Heated garage parking is available. Set within a boutique brick-and-timber elevator building with classic loft details and an elegant, modern lobby, this home places you moments from some of the South Loop's most beloved destinations including Museum Campus, Burnham Harbor, Soldier Field, the lakefront trail, neighborhood coffee shops, restaurants, parks, grocery stores, and public transportation. Currently the largest two-bedroom condo on the market in the South Loop priced under $400,000, this is a rare opportunity to enjoy true loft living with exceptional space, warmth, convenience, and vibrant city energy all in one exceptional home.
MLS # 12739490
Monthly HOA $829
On Site 29 Days
Last Updated 9/14/2026

Contact Agent

Property Rocks

Property Rocks

(773) 998-2401

Property Details

Community Information

Address 1631 S Michigan Ave #506, Chicago, IL 60616
County Cook
City Chicago
School District 299
Township South Chicago
Zip Code 60616

Architecture

Unit Number #506
Bedrooms 2
Bathrooms 2
Year Built 1920
Stories 6
Construction Materials Brick, Stone
Total # Units in Building 58
Age Range 100+ Years
Roof Rubber
Foundation Concrete Perimeter, Pillar/Post/Pier
Parking Features Asphalt, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached

Features / Amenities

Interior Features Elevator, Storage, Walk-In Closet(s)
Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Equipment TV-Cable, Intercom, CO Detectors
Fireplace Features Gas Log, Gas Starter
Fireplaces Total 1
Flooring Laminate
Laundry Washer Hookup, In Unit
Rooms Balcony/Porch/Lanai, Foyer, Bonus Room
Exterior Features Balcony
Accessibility Features Door Width 32 Inches or More, Bath Grab Bars, Low Bathroom Mirrors, Low Closet Rods, Lowered Light Switches, Main Level Entry, No Interior Steps, Disabled Parking, Wheelchair Accessible, Wheelchair Height Mailbox
Entry Level 5
Parking Total 1
Garage Spaces 1
Air Conditioning Central Air
Heat Source / Type Natural Gas, Forced Air, Radiant, Indv Controls
Fireplace(s) Living Room
Total Rooms 6

Property Features

Lot Dimensions PER SURVEY
Utilities Cable Available
Sewer Public Sewer
Water Lake Michigan, Public
Electric Circuit Breakers, 100 Amp Service
Additional Parcels Description 17223020511092
Open House Count 1
Open House Update 2026-09-10T20:02:51
Directions SOUTH ON MICHIGAN TO 1631

Tax and Financial Info

Tax Year 2024
Tax Annual Amount $8,312.57
Ownership Condo
Association Fee $829 (paid Monthly)
Association Fee Includes Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
Association Amenities Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting
Pets Allowed Cats OK, Dogs OK

Rooms

Level
Bonus RoomMain
FoyerMain
Balcony/Porch/LanaiMain
Master BedroomMain
Living RoomMain
LaundryMain
KitchenMain
Dining RoomMain
Bedroom 2Main
N/A
N/A
N/A
N/A
N/A
Family RoomN/A
Bedroom 4N/A
Bedroom 3N/A
N/A
N/A

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Price Change History

Date Old Price New Price Percent Change
9/8/2026 $399,900 $389,900
-2.5%

Schools

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Listing provided courtesy of Berkshire Hathaway Homeservices Chicago.

Listings courtesy of MRED MLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of September 18, 2026 12:30 PM CST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Properties displayed may be listed or sold by various participants in the MLS

(773) 998-2401
1631 S Michigan Ave #506 Chicago, IL 60616
  • $389,900
  • 2 beds
  • 2 baths
  • 1,350 Sq. Ft.