1601 S MICHIGAN Avenue # 502 Chicago, IL $ 475,000
1601 S MICHIGAN Avenue # 502
$ 475,000
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1601 S MICHIGAN Avenue # 502

Chicago, IL, 60616
$ 475,000
Bedrooms2 Baths2.0 Sq 1,400

Monthly Estimate*

$ 2,925

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Condo for sale in Chicago, IL

for $475,000 with 2 bedrooms and 2 full baths. This 1,400 square foot condo was built in 1925.

Not your cookie cutter loft. This stunning combined 2 units to one offers 2-bedroom, 2-bathroom condo nestled in a prime Chicago South Loop. Enjoy North facing views from one of your 2 balconies in this 1,400 square feet of thoughtfully designed space, this modern midrise unit that offers a blend of contemporary updates and urban charm. Step inside to be greeted by tall ceilings that enhance the open and airy atmosphere. The fully updated kitchen is the organized chef's dream, featuring sleek stainless steel appliances, gas range, fully integrated dishwasher, and pull out pantry, all beautifully complemented by modern lighting and fixtures and oversized island. The expansive living area showcases exposed brick and a cozy fireplace, seamlessly flowing onto one of two private balconies-ideal for unwinding or entertaining guests. The massive primary bedroom is a true retreat, offering ample space and access to a private balcony, walk in closest and ensuite. Both bathrooms are elegantly appointed with modern fixtures and finishes. Hardwood floors run throughout, adding warmth and modernization to every room. Rare offering of both garage parking, and guest parking. Storage area ensures ample room for all your belongings. Deeded garage parking sold separately for $30,000. Don't miss the opportunity to make this exceptional space your own.

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Condo Contingent

Price

$ 475,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 9,954

Style

Condo,Mid Rise (4-6 Stories)

Year Built

1925

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12581530

Features
General
Living Area 1400
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Appliances Range Microwave Dishwasher Refrigerator Washer Dryer Disposal Stainless Steel Appliance(s)
HOA Fee 719
Garage Spaces 1
Association Fee Includes Water Insurance TV/Cable Internet
Construction Materials Brick
Pets Allowed Cats OK Dogs OK
Year Built 1925
Electric Circuit Breakers
Township South Chicago
Unit Number 502
Tax Year 2023
Ownership Condo
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Elevator(s) Storage Security Door Lock(s)
Contingency Attorney/Inspection
Total Rooms 5
Full Baths 2
Status Contingent
Directions Michigan Ave to 16th Street. Building is on the SE Corner of 16th St & Michigan Ave
City Chicago
High School District 299
MLS Area CHI - Near South Side
Elementary School South Loop Elementary School
Tax Annual Amount 9954.79
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo Mid Rise (4-6 Stories)
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Interior
Interior Amenities Cathedral Ceiling(s)
Basement None
Flooring Hardwood
Total Fireplaces 1
Fireplace Features Gas Log Gas Starter
Total Stories 6
Half Baths 0
Total Bedrooms 2
Room Type Balcony/Porch/Lanai
Total Baths 2
Bedrooms Possible 2
Bathroom Whirlpool Separate Shower Double Shower Soaking Tub
Total Number of Units 47
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Exterior
Exterior Amenities Balcony Outdoor Grill
Parking Features Garage Door Opener Off Site Deeded Detached Garage
Water Source Lake Michigan Public
Total Parking 1
Foundation Details Concrete Perimeter
Lot Dimensions COMMON
Waterfront Y/N N
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* Excluded Features
List By
Compass

Broker

annie.schweitzer@compass.com

Email

Affordability Calculator

$3,754
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,925
Monthly Property Taxes
$830
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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.
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Nearby
567169 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/11/2026$475,000 Listed Price

Map


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1601 S MICHIGAN Avenue # 502, Chicago, IL, 60616 is a Condo for sale at $475,000 with 1,400 sqft. 1601 S MICHIGAN Avenue # 502 has 2 bedrooms, 2.0 baths, and was built in 1925. The property's zip code is 60616 which is in Chicago, IL