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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 |
| Square Footage | 1350 sf |
| Flooring | Laminate |
| Bedrooms | 2 |
| Full Bathrooms | 2 |
| Directions | SOUTH ON MICHIGAN TO 1631 |
| Neighborhood | NEAR SOUTH SIDE |
| Complex | Tandem Lofts |
| School District | Not Listed |
| 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 |
| Timeline | Notes |
|---|---|
| Sep 8, 2026 | Price reduced to $389,900 #MRD12739490 |
| Aug 21, 2026 | Listed for $399,900 #MRD12739490 |
| County | Cook |
| Tax PIN | 17223020511047 |
| Property Tax | $8,313 for the year 2024 |
| Lake Michigan Distance | 0.8 miles |
| 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 |
| 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 |
| Platform | MRED |
| AOR | |
| MLS Number | MRD12739490 |
| Courtesy of | Berkshire Hathaway HomeServices Chicago |
https://www.chicagotopcondos.com/MRD12739490
| Address | Unit | List Price | Status |
|---|---|---|---|
| 1631 S Michigan Avenue | 402 | $285,000 | New |
| 1620 S Michigan Avenue | 918 | $250,000 | Re-Activated |
| 1601 S Michigan Avenue | 505 | $240,000 | New |