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Listing provided courtesy of Berkshire Hathaway HomeServices ChicagoMREDas Distributed by MLSGrid- MLS# 12682879MLS Provider

1631 S MICHIGAN Avenue #506Chicago, IL 60616

Condo/Townhouse · 2 Beds · 2 Full Baths · 1,350 Sq. ft.
$449,900 Active

1631 S MICHIGAN Avenue #506 Overview

Time on Site:
10 days
Visits:
0

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 included. 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. A rare opportunity to enjoy true loft living with space, warmth, convenience, and vibrant city energy all in one exceptional home.

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1631 S MICHIGAN Avenue #506 Facts & Features

  • Type Condo/Townhouse
  • Sq. ft. 1,350
  • Price/Sq.ft. $333

Details

General

Association/HOA

  • Association Amenities: Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting
  • Association Fee: $829.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1920

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near South Side
  • Township: South Chicago

Tax Information

  • Tax Annual Amount: $8,312.57
  • Tax Year: 2024

General Information

  • Ownership: Condo
  • Parcel Number: 17223020511047
  • Pets Allowed: Cats OK, Dogs OK
  • Property Type: Residential
  • Special Listing Conditions: List Broker Must Accompany

Interior

Building Information

  • Approx. Total Finished SqFt.: 0
  • Disability Access: Yes
  • Total SqFt.: 0

Parking Information

  • Garage Spaces: 1

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 2
  • Bedrooms Possible: 2

Building Interior

  • Fireplace Location: Living Room

General Information

  • 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
  • Appliances: Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
  • Basement: None
  • Cooling: Central Air
  • Electric: Circuit Breakers, 100 Amp Service
  • Fireplace Features: Gas Log,Gas Starter
  • Fireplaces Total: 1
  • Flooring: Laminate
  • Foundation Details: Concrete Perimeter, Pillar/Post/Pier
  • Heating: Natural Gas, Forced Air, Radiant, Indv Controls
  • Interior Features: Elevator, Storage, Walk-In Closet(s)
  • Laundry Features: Washer Hookup,In Unit
  • Living Area: 1350
  • Living Area Source: Estimated
  • Other Equipment: TV-Cable, Intercom, CO Detectors
  • Rooms Total: 6
  • Stories Total: 6

Unit Information

  • Unit Number: 506

Exterior

Parking Information

  • Parking Features: Asphalt, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached
  • Parking Total: 1

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: PER SURVEY
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick, Stone
  • Roof: Rubber

General Information

  • Exterior Features: Balcony
  • Sewer: Public Sewer
  • Utilities: Cable Available

Room Information

Room: Balcony/Porch/Lanai

  • Level: Main
  • Dimensions: 08X04

Room: Bedroom 2

  • Level: Main
  • Dimensions: 12X10

Room: Bonus Room

  • Level: Main
  • Dimensions: 5X8

Room: Dining Room

  • Level: Main
  • Dimensions: 10X6

Room: Foyer

  • Level: Main
  • Dimensions: 10X5

Room: Kitchen

  • Level: Main
  • Dimensions: 13X7

Room: Laundry

  • Level: Main
  • Dimensions: 4X4

Room: Living Room

  • Level: Main
  • Dimensions: 17X13

Room: Master Bedroom

  • Level: Main
  • Dimensions: 16X13

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

  • Level: N/A

Room: Bedroom 3

  • Level: N/A

Room: Bedroom 4

  • Level: N/A

Room: Family Room

  • Level: N/A

1631 S MICHIGAN Avenue #506 Neighborhood

Community

60616 (CHICAGO) Demographics

38
Median Age
11,385
Population Density (per sq. mile)
53%
College Educated
$61,843
Estimated Median Income
9,233
Estimated Total Home Owners
15,237
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1631 S MICHIGAN Avenue #506 Monthly Cost

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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1631 S MICHIGAN Avenue #506 Market Data

Based on the last 30 days in this zip code

$443,654
Average List Price
$324
Average Price per Square Foot
38
Properties Sold
64
Average Days on Market
143
Properties for Sale
Calculations provided by Reliance Network

1631 S MICHIGAN Avenue #506 History

Date Event Value Agent
6/25/2026Source: MRED Status Change
Active
David New
Listing Agent
6/19/2026Source: MRED Added to Database
June 19, 2026
David New
Listing Agent
6/20/2022Source: MRED Added to Database
January 27, 2022