1617 S Michigan Avenue # 202
Chicago, IL, 60616 $ 389,000
Bedrooms2 Baths1.0 Sq 1,800 Monthly Estimate*
$ 2,427
for $389,000 with 2 bedrooms and 1 full bath. This condo is 1,800 square feet.
Discover this rare timber and brick loft in the vibrant South Loop neighborhood of Chicago, offering a perfect blend of historic charm and modern living. Located at 1617 S Michigan Ave, this unique 1,800 sq ft condo in the Studebaker Corner Lofts combines original architectural features with contemporary updates, making it a standout in today's market. Originally a Studebaker showroom, this spacious, two-bedroom+den loft boasts stunning barrel ceilings, a massive light monitor that floods the space with natural light, and beautiful original hardwood floors. The adaptable layout provides limitless possibilities for customization, ideal for those seeking a creative, open-concept home. Key features include an updated bathroom with a stylish vanity, an in-unit stackable washer and dryer, and a well-appointed open kitchen with a large peninsula and gas range-perfect for entertaining. The generous living area offers plenty of room for both relaxing and hosting guests. Enjoy outdoor parking for one vehicle included in the sale and a welcoming community of homeowners who appreciate the loft's unique character. Located just steps from downtown Chicago, this home provides easy access to the best of the South Loop, including Millennium Park, Museum Campus, Grant Park, and numerous dining, shopping, and entertainment options-all in a lively, walkable neighborhood. Additional amenities include centralized air conditioning, a service elevator, and low monthly HOA dues of approximately $420, covering water, building maintenance, snow removal, and more. No rental restrictions make this an excellent opportunity whether you're looking to buy your dream home or an investment property. Don't miss this chance to own a piece of Chicago history in one of the city's most sought-after neighborhoods. Schedule your visit today and make this exceptional loft yours!
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Condo PendingCondo,Condo-Loft,Low Rise (1-3 Stories)
FeaturesGeneralLiving Area 1800
Sewer Public Sewer
Heating Natural Gas
Cooling Central Air
Possession Closing
Appliances Range Microwave Dishwasher Refrigerator
HOA Fee 421
Association Fee Includes Water Parking Insurance Exterior Maintenance Scavenger Snow Removal
Construction Materials Brick
Pets Allowed Cats OK Dogs OK
Township South Chicago
Unit Number 202
Tax Year 2023
Ownership Condo
Additional Parcels Description 17223020501057
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Service Elevator(s)
Total Rooms 6
Full Baths 1
Status Pending
Directions South on Michigan from 16th Street on the East Side of the Street.
City Chicago
High School District 299
MLS Area CHI - Near South Side
Tax Annual Amount 7947.85
Additional Parcels Y/N Y
Standard Status Pending
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo Condo-Loft Low Rise (1-3 Stories)
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InteriorBasement None
Total Stories 3
Half Baths 0
Laundry Features In Unit
Total Bedrooms 2
Room Type Bonus Room
Total Baths 1
Bedrooms Possible 2
Total Number of Units 15
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ExteriorParking Features Off Street Yes Owned
Water Source Lake Michigan
Total Parking 1
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded FeaturesList By@Properties Christie's International Real EstateBroker
william.sherman@huntchicago.com; william@atproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,427
- Monthly Property Taxes
- $662
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Chicago, IL
Average List Price $614,996
Percent of Sale Price 58%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/6/2025 | $389,000 | -2.51% | Price Down |
| 10/21/2025 | $399,000 | | Listed Price |