1631 S Michigan Ave #506
Chicago, IL 60616
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
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
(773) 998-2401Property Details
Community Information
Address
1631 S Michigan Ave #506, Chicago, IL 60616
Area
Near South Side
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 Room | Main |
| Foyer | Main |
| Balcony/Porch/Lanai | Main |
| Master Bedroom | Main |
| Living Room | Main |
| Laundry | Main |
| Kitchen | Main |
| Dining Room | Main |
| Bedroom 2 | Main |
| N/A | |
| N/A | |
| N/A | |
| N/A | |
| N/A | |
| Family Room | N/A |
| Bedroom 4 | N/A |
| Bedroom 3 | N/A |
| N/A | |
| N/A |
Mortgage Calculator
Your monthly payment will be
$0,000
Loan and interest only.
Purchase price
Down payment
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