1631 S MICHIGAN Avenue # 506 Chicago, IL $ 449,900
1631 S MICHIGAN Avenue # 506
$ 449,900
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1631 S MICHIGAN Avenue # 506

Chicago, IL, 60616
$ 449,900
Bedrooms2 Baths2.0 Sq 1,350

Monthly Estimate*

$ 2,770

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Condo for sale in Chicago, IL

for $449,900 with 2 bedrooms and 2 full baths. This 1,350 square foot condo was built in 1920.

Bright, sophisticated, and beautifully positioned on a sunny southeast corner, this expansive 2-bedroom, 2-bath unit at Tandem Lofts offers the perfect blend of vintage character and modern comfort in the South Loop. 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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Condo Active

Price

$ 449,900

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 7,802

Style

Condo,Condo-Loft,Mid Rise (4-6 Stories)

Year Built

1920

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12649473

Features
General
Living Area 1350
Sewer Public Sewer
Heating Natural Gas Forced Air Radiant Indv Controls
Cooling Central Air
Utilities Cable Available
Possession Closing
Roof Rubber
Appliances Range Microwave Dishwasher Refrigerator Washer Dryer Disposal
HOA Fee 829
Garage Spaces 1
Association Fee Includes Heat Water Gas Parking Insurance TV/Cable Exterior Maintenance Scavenger Snow Removal Internet
Construction Materials Brick Stone
Pets Allowed Cats OK Dogs OK
Year Built 1920
Electric Circuit Breakers 100 Amp Service
Township South Chicago
Unit Number 506
Tax Year 2024
Ownership Condo
Accessibility 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 Mai
Additional Parcels Description 17223020511092
Assoc Fee Paid Per Monthly
County Cook
New Construction N
Property Type Residential Attached Single
Association Amenities Bike Room/Bike Trails Elevator in Residence Storage Security Door Lock(s) High Speed Conn. Intercom Public Bus Security Lighting
Total Rooms 6
Full Baths 2
Status Active
Directions SOUTH ON MICHIGAN TO 1631
City Chicago
High School District 299
MLS Area CHI - Near South Side
Tax Annual Amount 7802.39
Additional Parcels Y/N Y
Virtual Tour https://real.vision/1631-south-michigan-avenue-506/tour?o=u
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
Sub Type Condo Condo-Loft Mid Rise (4-6 Stories)
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Interior
Interior Amenities Elevator Storage Walk-In Closet(s)
Basement None
Flooring Laminate
Total Fireplaces 1
Fireplace Features Gas Log Gas Starter
Total Stories 6
Half Baths 0
Laundry Features Washer Hookup In Unit
Total Bedrooms 2
Room Type Balcony/Porch/Lanai Foyer Bonus Room
Total Baths 2
Bedrooms Possible 2
Bathroom Whirlpool Double Sink
Total Number of Units 58
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Exterior
Exterior Amenities Balcony
Parking Features Asphalt Garage Door Opener Heated Garage Garage Yes Garage Owned Attached
Water Source Lake Michigan Public
Total Parking 1
Foundation Details Concrete Perimeter Pillar/Post/Pier
Lot Dimensions PER SURVEY
Waterfront Y/N N
Other Equipment TV-Cable Intercom CO Detectors
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

dnew@bhhschicago.com

Email

Affordability Calculator

$3,420
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,770
Monthly Property Taxes
$650
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
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2026$449,900 Listed Price

Map


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1631 S MICHIGAN Avenue # 506, Chicago, IL, 60616 is a Condo for sale at $449,900 with 1,350 sqft. 1631 S MICHIGAN Avenue # 506 has 2 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 60616 which is in Chicago, IL