1617 S Michigan Avenue # 312 Chicago, IL $ 1,000,000
1617 S Michigan Avenue # 312
$ 1,000,000
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1617 S Michigan Avenue # 312

Chicago, IL, 60616
$ 1,000,000
Bedrooms2 Baths2.0

Monthly Estimate*

$ 6,157

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Condo for sale in Chicago, IL

for $1,000,000 with 2 bedrooms and 2 full baths.

Step into a South Loop penthouse loft that feels more SoHo than Chicago. Set within a classic industrial building, this expansive residence blends authentic loft architecture with a warm, design-forward aesthetic rarely found in today's construction. Exposed brick walls, soaring ceilings, oversized windows, skylights, and warm maple flooring create a space that feels both dramatic and effortlessly livable. The heart of the home is an expansive open-concept living space anchored by an oversized butcher block island, reclaimed wood shelving, and a professional-grade Thermador kitchen that feels curated rather than manufactured. Natural light pours across the home throughout the day, while the scale of the living and dining areas offers the kind of volume buyers crave. Thoughtful renovations introduced custom steel-and-glass doors, updated baths, and a lofted office above the 2nd bedroom overlooking the main living space. The primary suite feels quietly luxurious with thoughtful details, and a spa-inspired bath finished with subway tile and Restoration Hardware vanity. Above it all, a private rooftop deck offers an outdoor escape rarely found - even including an outdoor shower. 3 parking spaces including a private garage included. This is a rare opportunity to own a true character-filled penthouse loft in the South Loop - the kind of space that becomes harder to find every year.

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Condo Active

Price

$ 1,000,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 10,529

Style

Condo-Loft,Penthouse

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12652529

Features
General
Living Area 0
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Roof Other
Appliances Range Dishwasher Washer Dryer Disposal Stainless Steel Appliance(s) Range Hood Gas Cooktop
HOA Fee 635
Garage Spaces 1
Association Fee Includes Water Parking Insurance Scavenger
Construction Materials Brick
Pets Allowed Cats OK Dogs OK
Township South Chicago
Unit Number 312
Tax Year 2024
Ownership Condo
Additional Parcels Description 17223020501059 17223020501041 17223020501050
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Service Elevator(s)
Subdivision Name Studebaker Lofts
Total Rooms 6
Full Baths 2
Status New
Directions 16th Street and Michigan Avenue
City Chicago
High School District 299
MLS Area CHI - Near South Side
Elementary School South Loop Elementary School
Tax Annual Amount 10529.03
Middle/Junior High School South Loop Elementary School
Additional Parcels Y/N Y
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo-Loft Penthouse
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Interior
Interior Amenities Cathedral Ceiling(s) Elevator Built-in Features
Basement None
Flooring Hardwood
Total Stories 3
Half Baths 0
Laundry Features Washer Hookup In Unit
Total Bedrooms 2
Room Type Office Deck
Total Baths 2
Bedrooms Possible 2
Total Number of Units 16
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Exterior
Exterior Amenities Roof Deck
Parking Features Garage Door Opener Off Site Garage Owned Detached Garage
Lot Features Common Grounds
Water Source Lake Michigan Public
Total Parking 1
Foundation Details Brick/Mortar Concrete Perimeter
Lot Dimensions COMMON
Waterfront Y/N N
Other Equipment Intercom
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* Excluded Features
List By
Urban Living Properties, Llc

Broker

vik@urbanlivingchicago.com

Email

Affordability Calculator

$7,035
Per Month
88%
12%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$877
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
567169 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2026$1,000,000 Listed Price

Map


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1617 S Michigan Avenue # 312, Chicago, IL, 60616 is a Condo for sale at $1,000,000. 1617 S Michigan Avenue # 312 has 2 bedrooms and 2.0 baths. The property's zip code is 60616 which is in Chicago, IL