For Sale at Tandem Lofts: 1631 S MICHIGAN Avenue #506, Chicago, IL 60616. 2-bedroom 2-bath, 1350 sf, 1920 NEAR SOUTH SIDE $389,900 begin new search
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Overview

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.

Address 1631 S MICHIGAN Avenue

Unit# 506


Chicago, IL 60616
Listing Status ACTIVE
Asking Price $389,900
On Market Date $399,900 @ Aug 21, 2026
Original Entry Aug 21, 2026
Rooms
Balcony/Porch/Lanai, Foyer, Bonus Room
Square Footage 1350 sf
Flooring Laminate
Bedrooms 2
Full Bathrooms 2
Location
Directions SOUTH ON MICHIGAN TO 1631
Neighborhood NEAR SOUTH SIDE
Complex Tandem Lofts
School District Not Listed
Ownership
Property Type Condo
Assessment $829
HOA Amenities Bike Room/Bike Trails, Elevator in Residence, Storage, Security Door Lock(s), High Speed Conn., Intercom, Public Bus, Security Lighting
Listing History
Timeline Notes
Sep 8, 2026Price reduced to $389,900 #MRD12739490
Aug 21, 2026Listed for $399,900 #MRD12739490
Public Records
County Cook
Tax PIN 17223020511047
Property Tax $8,313 for the year 2024
Lake Michigan Distance 0.8 miles
Exterior
Style Attached Single
Material Balcony
Lot Size PER SURVEY
Fencing Not Listed
Topography Not Listed
Roof Rubber
Entry Steps 5
Swimming Pool Not Listed
Accessibility 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
Parking
Asphalt
Garage Door Opener
Heated Garage
Garage
Yes
Garage Owned
Attached
Total Spaces: 1
Garage Spaces: 1
Non-Garage Spaces: 0 -
View Not Listed
Features
Year Built 1920
Laundry Location Washer Hookup,In Unit
Elevator Not Listed
Cooling Central Air
Heating Natural Gas, Forced Air, Radiant, Indv Controls
Sewer/Septic Public Sewer
Fireplaces Gas Log,Gas Starter (1)
Interior Features Elevator, Storage, Walk-In Closet(s)
Additional Parcels Yes
Additional Parcels Description 17223020511092
Appliances Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Disposal
Appliances No
Assessments No
Association No
Association Fee 2 0
Association Fee Frequency Monthly
Attached Garage No
Basement None
Below Grade Finished Area 0
Carport Spaces 0
Common Walls End Unit
Cooling No
Electric Circuit Breakers, 100 Amp Service
Foundation Details Concrete Perimeter, Pillar/Post/Pier
Heating No
High School District 299
Land Lease No
Laundry No
Living Area Source Estimated
Main Level Bathrooms 0
Main Level Bedrooms 0
New Construction No
Number Of Units Total 0
Number Remotes 0
Parking No
Patio No
Pool Private No
Property Attached No
Sprinklers No
View No
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Listing Source
Platform MRED
AOR
MLS Number MRD12739490
Courtesy of Berkshire Hathaway HomeServices Chicago