1631 S MICHIGAN Avenue #506
Chicago, IL, 60616
$389,900
2 Beds
2 Baths
1,350 SqFt
0 Acres
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$389,900
1631 S MICHIGAN Avenue #506
Chicago, IL, 60616
MLS #MRD12739490 image #0MLS #MRD12739490 image #1MLS #MRD12739490 image #2MLS #MRD12739490 image #3MLS #MRD12739490 image #4MLS #MRD12739490 image #5MLS #MRD12739490 image #6MLS #MRD12739490 image #7MLS #MRD12739490 image #8MLS #MRD12739490 image #9MLS #MRD12739490 image #10MLS #MRD12739490 image #11MLS #MRD12739490 image #12MLS #MRD12739490 image #13MLS #MRD12739490 image #14MLS #MRD12739490 image #15MLS #MRD12739490 image #16MLS #MRD12739490 image #17MLS #MRD12739490 image #18MLS #MRD12739490 image #19MLS #MRD12739490 image #20MLS #MRD12739490 image #21MLS #MRD12739490 image #22MLS #MRD12739490 image #23MLS #MRD12739490 image #24MLS #MRD12739490 image #25MLS #MRD12739490 image #26MLS #MRD12739490 image #27MLS #MRD12739490 image #28MLS #MRD12739490 image #29
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.

Property Details

Price:
$389,900
MLS #:
MRD12739490
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Neighborhood:
chinearsouthside
Listed Date:
Aug 21, 2026
Finished Sq Ft:
1,350
Year Built:
1920
Parking TotalChi – Near South SideChinearsouthside

Schools

School District:
299

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Fireplaces Total
1
Flooring
Laminate
Heating
Natural Gas, Forced Air, Radiant, Indv Controls
Interior Features
Elevator, Storage, Walk-In Closet(s)
Laundry Features
Washer Hookup, In Unit

Exterior

Accessibility Features
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 Mailbox
Association Amenities
Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting
Common Walls
End Unit
Construction Materials
Brick, Stone
Exterior Features
Balcony
Garage Spaces
1
Parking Features
Asphalt, Garage Door Opener, Heated Garage, Garage, Yes, Garage Owned, Attached
Parking Spots
1
Parking Total
1
Roof
Rubber

Financial

HOA Fee
$829
HOA Fee Frequency
Monthly
HOA Includes
Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
Tax Year
2024
Taxes
$8,313
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Condo in Chicago as of Sep 09, 2026
3,160
Condo Listed
63
Avg DOM
376
Avg $ / SqFt
$634,262
Avg List Price

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Property Summary

    1631 S MICHIGAN Avenue #506 Chicago IL is a Condo for sale in Chicago, IL, 60616. It is listed for $389,900 and features 2 beds, 2 baths, and has approximately 1,350 square feet of living space, and was originally constructed in 1920. The current price per square foot is $289. The average price per square foot for Condo listings in Chicago is $376. The average listing price for Condo in Chicago is $634,262. To schedule a showing of MLS#mrd12739490 at 1631 S MICHIGAN Avenue #506 in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
1631 S MICHIGAN Avenue #506
Chicago, IL