1631 S Michigan Avenue #506, Chicago IL 60616
- Bedrooms 2
- Bathrooms 2
- Taxes $8,313
- HOA $829
- Payment Estimate View Mortgage Calculator
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Property Description
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.
Features & Information
Key Details
- List Price $399,900
- Property Taxes $8,313
- Assessments/HOA $829
- Assessments/HOA frequency Monthly
- Assessments/HOA Fee Includes Heat, Water, Gas, Parking, Insurance, TV/Cable, Exterior Maintenance, Scavenger, Snow Removal, Internet
- Square Feet 0
- Year Built 1920
- Listing Market Time 45
- Status Active
Rooms
- Total Rooms 6
- Number of Bedrooms 2
- Number of Bathrooms 2
-
Primary Bedroom
- Room Size 16X13
- Floor Level Main
- Flooring Carpet
- Primary Bathroom Full
-
Bedroom 2
- Room Size 12X10
- Floor Level Main
- Flooring Wood Laminate
-
Living Room
- Room Size 17X13
- Floor Level Main
- Flooring Wood Laminate
-
Dining Room
- Room Size 10X6
- Floor Level Main
- Flooring Wood Laminate
-
Kitchen
- Room Size 13X7
- Floor Level Main
- Flooring Wood Laminate
Additional Rooms
-
Balcony/Porch/Lanai
- Room Size 08X04
- Floor Level Main
-
Foyer
- Room Size 10X5
- Floor Level Main
- Flooring Wood Laminate
-
Bonus Room
- Room Size 5X8
- Floor Level Main
- Flooring Wood Laminate
-
Laundry
- Room Size 4X4
- Floor Level Main
- Flooring Wood Laminate
Interior Features
-
Appliances
- Appliances Included Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
-
Heating & Cooling
- Heating Type Natural Gas, Forced Air, Radiant, Indv Controls
- Air Conditioning Central Air
-
Fireplace
- # of Fireplaces 1
- Type of Fireplace Living Room
Exterior Features
-
Parking
- # of Cars 1
Building Information
- Number of Units 58
- Age of Building 100+ Years
- Exposure South,East,City,Lake/Water,Park
-
Pets
- Pets Allowed? Cats OK, Dogs OK
Location
- County Cook
- Township South Chicago
- Corporate Limits Chicago
- Directions to Property South On Michigan To 1631
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District 299
-
Property Taxes
- Tax 8312.57
- Tax Year 2024
- Tax Exemptions Homeowner
- Parcel Identification Number 17223020511047
Listed by David New for Berkshire Hathaway HomeServices Chicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/9/2026 2:32 AM. 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.
Explore South Loop
A dynamic mix of history and innovation, Chicago’s South Loop neighborhood has flourished from a once booming commercial sector into one of the city’s hottest residential areas. Much of the area’s eastern edge encompassed by the Museum Campus, home to an impressive collection of cultural institutions including the Field Museum, Shedd Aquarium, and Adler Planetarium. Sitting along the scenic lakefront, the parkland area located around the Campus is an extension of another one of the South Loop’s amazing spaces—Grant Park. Known as “Chicago’s front yard” locally, Grant Park boasts 319 acres of green space and is host to many of the city’s festivals such as the Taste of Chicago, Chicago Blues Fest, and Lollapalooza. Perfect for nature lovers and avid sports fans alike, the South Loop is also home to Northerly Island and Soldier Field. The South Loop offers a variety of dining and entertainment options, and is the location of notable Chicago restaurants including Acadia, Niu B Sushi, Eleven City Diner, and so much more.
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