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1631 S Michigan Ave Unit 506 , Chicago, IL 60616
$369,900
Est. Payment: $2,018.70/mo
2 Bed
2 Bath
1350 Sqft
Status: active | Days on site: 54
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10900 - 860324
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House 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.

Highlights

Listed by David New , 773-562-2856 Berkshire Hathaway HomeServices Chicago , 312-642-1400. Midwest Real Estate Data mls logo

Property Type

Condo/Townhome

HOA Fee

829 Monthly

Year Built

1920

County

Cook

Area

CHI - Near South Side

School District

299

Listing ID

12739490

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal, TV-Cable,Intercom,CO Detectors
Air Cond:Central Air
Fireplaces:Gas Log,Gas Starter
Floor:Laminate
Other:
  • ▪ Additional:Elevator, Storage, Walk-In Closet(s), Cats OK, Dogs OK
Water:Lake Michigan,Public

Exterior Features

Lot Dimensions:PER SURVEY
Garage Capacity:1
Roof:Rubber
Others:
  • ▪ Additional:Balcony
Sewer:Public Sewer
Parking Features:Asphalt,Garage Door Opener,Heated Garage,Garage,Yes,Garage Owned,Attached
Principal Interest
$2,019
Taxes
$693
HOA
$829

Home Price

$369,900

Loan Details

30 yrs
7.25%

Down Payment

20%
$73,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,018.70

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,018.70 $692.71 $829.00 $3,540.41
Yearly $24,224.35 $8,312.57 $9,948.00 $42,484.92
Total $726,730.58 $249,377.10 $298,440.00 $1,274,547.68
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Master Chief
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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