1631 S Michigan Avenue #506, Chicago, IL 60616
Local realty services provided by:CENTURY 21 New Beginnings
Upcoming open houses
- Sun, Aug 2301:00 pm - 03:00 pm
Listed by: david new
Office: berkshire hathaway homeservices chicago
MLS#:12682879
Source:MLSNI
Price summary
- Price:$399,900
- Price per sq. ft.:$296.22
- Monthly HOA dues:$829
About this home
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....
Contact an agent
Home facts
- Year built:1920
- Listing ID #:12682879
- Updated:August 21, 2026 at 11:39 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:6
- Dining Description:Combined With Living Room
- Bathrooms Description:Double Sinks, Whirlpool
- Kitchen Description:Dishwasher, Disposal, Microwave, Range, Refrigerator
- Living area:1,350 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Individual Room Controls, Natural Gas, Radiant
- Central air:Yes
Structure and exterior
- Roof:Rubber
- Year built:1920
- Building area:1,350 sq. ft.
- Exterior Features:Balcony
- Foundation Description:Concrete Perimeter, Pillar/Post/Pier
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$399,900
- Price per sq. ft.:$296.22
- Tax amount:$8,313 (2024)
Features and amenities
- Laundry features:Dryer, Washer
- Amenities:CO Detectors, Intercom, TV-Cable
Parking
- Total parking spaces:1
- Parking description:Asphalt, Attached Garage, Garage
- Garage:Yes
- Garage spaces:1
New listings near 1631 S Michigan Avenue #506
- Open Sat, 1 to 3pmNew
$799,900Active4 beds 4 baths3,555 sq. ft.4906 N Kruger Avenue, Chicago, IL 60630
MLS# 12734561Listed by: HOMESMART CONNECT LLC - New
$750,000Active2 beds 2 baths1,858 sq. ft.3810 N Fremont Street #2B, Chicago, IL 60613
MLS# 12737182Listed by: @PROPERTIES COMMERCIAL - Open Sat, 11am to 1pmNew
$1,419,000Active4 beds 3 baths2,322 sq. ft.2042 N Racine Avenue #101, Chicago, IL 60614
MLS# 12738892Listed by: COLDWELL BANKER REALTY - New
$109,900Active3 beds 1 baths1,258 sq. ft.9302 S Rhodes Avenue, Chicago, IL 60619
MLS# 12739099Listed by: CIRCLE ONE REALTY - New
$475,000Active2 beds 2 baths1,400 sq. ft.8 E Randolph Street #2105, Chicago, IL 60601
MLS# 12739109Listed by: COMPASS - New
$485,000Active2 beds 2 baths1,700 sq. ft.940 W Carmen Avenue #3W, Chicago, IL 60640
MLS# 12734941Listed by: BAIRD & WARNER - New
$205,000Active2 beds 1 baths1,150 sq. ft.6328 N Bell Avenue #G, Chicago, IL 60659
MLS# 12737213Listed by: COMPASS - New
$925,000Active4 beds 4 baths2,239 sq. ft.515 N Peoria Street, Chicago, IL 60642
MLS# 12737928Listed by: KELLER WILLIAMS INSPIRE - GENEVA - New
$405,000Active5 beds 4 baths3,000 sq. ft.8357 S Hermitage Avenue, Chicago, IL 60620
MLS# 12738997Listed by: ELLISON PARKER REALTY - Open Sat, 9am to 12pmNew
$725,000Active4 beds 3 baths2,000 sq. ft.7137 N Francisco Avenue, Chicago, IL 60645
MLS# 12739014Listed by: FULTON GRACE REALTY