LKV Realty
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$399,900
$1,900Reward *
1631 S MICHIGAN Avenue Unit 506, Chicago, IL 60616Listing ID 12682879

1631 S MICHIGAN Avenue Unit 506, Chicago, IL 60616

Active
CHI - Near South Side
Time on site: 59 daysLast updated: Aug 2, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
-
Bedrooms
Bedrooms
2
Bathrooms
Bathrooms
2
Square Feet
Square Feet
1,350
Days on Site
Days on Site
59
Cooling
Cooling
Central Air
Heating
Heating
Natural Gas, Forced Air, Radiant, Indv Controls
Year Built
Year Built
1920
Garages
Garages
1
Parking
Parking
Asphalt, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached

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 available. 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. Currently the largest two-bedroom condo on the market in the South Loop priced under $400,000, this is a rare opportunity to enjoy true loft living with exceptional space, warmth, convenience, and vibrant city energy all in one exceptional home. Seller will provide a $5,000 closing cost credit if the transaction closes before September 1.

Property Information

Property Details

Location

Address
1631 S MICHIGAN Avenue
County
Cook
City
Chicago
Zip Code
60616
Subdivision
CHI - Near South Side
School District
299
MLS Area
CHI - Near South Side

Interior Features

Beds and Baths

Bedrooms
2
Full Bathrooms
2

Building

Building Information

Square Feet
1,350
Year Built
1920
Construction
Brick, Stone
Foundation
Concrete Perimeter, Pillar/Post/Pier
Roof
Rubber

Financial

Special Conditions
List Broker Must Accompany

Property Taxes

Tax Annual Amount
$8,313
Tax Year
2024

Homeowner Association

HOA Fee
$829
HOA Fee Frequency
Monthly
Berkshire Hathaway HomeServices Chicago, (312) 642-1400

Market Report for 60616

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MRED
MRED logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 09:27 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

For corrections to this data please contact Brytecore MLS Support.

MRD860324