1631 S MICHIGAN AVE #506, Chicago, IL 60616
1631 S MICHIGAN AVE #506, Chicago, IL 60616
1631 S MICHIGAN AVE #506, Chicago, IL 60616
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William Folger

William Folger

+1(847) 909-2531
$389,900
Est. payment /mo
2 Beds
2 Baths
1,350 SqFt
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UPDATED:

Key Details

Property Type Condo

Sub Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 1,350 sqft

Price per Sqft $288

MLS Listing ID 12739490

Bedrooms 2

Full Baths 2

HOA Fees $829/mo

Rental Info Yes

Year Built 1920

Annual Tax Amount $8,312

Tax Year 2024

Lot Dimensions PER SURVEY

Property Sub-Type Condo

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.

Location

State IL

County Cook

Area Chi - Near South Side

Rooms

Basement None

Interior

Interior Features Elevator, Storage, Walk-In Closet(s)

Heating Natural Gas, Forced Air, Radiant, Indv Controls

Cooling Central Air

Flooring Laminate

Fireplaces Number 1

Fireplaces Type Gas Log, Gas Starter

Equipment TV-Cable, Intercom, CO Detectors

Fireplace Y

Appliance Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal

Laundry Washer Hookup, In Unit

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Utilities Available Cable Available

Amenities Available Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting

Roof Type Rubber

Building

Dwelling Type Attached Single

Building Description Brick,Stone, No

Story 6

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick,Stone

New Construction false

Schools

School District 299 , 299, 299

Others

HOA Fee Include Heat,Water,Gas,Parking,Insurance,TV/Cable,Exterior Maintenance,Scavenger,Snow Removal,Internet

Ownership Condo

Special Listing Condition List Broker Must Accompany

Pets Allowed Cats OK, Dogs OK

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Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by David New of  Berkshire Hathaway HomeServices Chicago 

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William Folger

William Folger

+1(847) 909-2531

Vice President, Real Estate Broker, REALTOR®

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