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1601 S Michigan Ave Apt 304
Condo
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$259,000

1601 S Michigan Ave Apt 304, Chicago

78% below median
1 bd·1 ba·0 sqft
Near South Side

1601 S Michigan Ave Apt 304, Chicago, IL

1 bd · 1 ba · 0 sqft Condo listed at $259,000 in the Near South Side neighborhood.

About this home

Welcome to this beautifully light-filled one-bedroom, one-bath residence located in the vibrant heart of the South Loop. Oversized windows frame city street views and bathe the open-concept living space in abundant natural light. The spacious living area is anchored by a cozy fireplace, creating a warm and inviting ambiance.The thoughtfully designed kitchen features an open concept overlooking your living area and balcony, ideal for entertaining. An in-unit washer and dryer add everyday convenience. Step onto your private balcony, perfect for relaxing or hosting guests during the warmer months. A basement storage locker (24) and a deeded outdoor parking space are included in the price-an exceptional and rare offering in this neighborhood. The building also provides guest parking for added ease. Situated in an exceptional location, this condo offers convenient access to Mariano's, Trader Joe's, Jewel-Osco, Soldier Field, and the lakefront-all within walking distance. The neighborhood continues to thrive, with an exciting selection of new restaurants and dining options emerging along Cermak Road and Michigan Avenue." a truly walkable lifestyle with close proximity to the lakefront, museums, Grant Park, campus areas, acclaimed dining, grocery stores, Dunkin is across the street, walking distance to Huge dog park and steps away from public transportation.

Property details

Price
$259,000
Bedrooms
1
Bathrooms
1
Type
Condo
Days on market
59
Est. property tax
$5,387/yr · $449/mo · 2.08% IL avg
HOA
$326/mo
Last sold
$223,500 · Sep 2008

Estimated monthly payment

Down payment20% ($51,800)
Interest rate6.75%
Principal & Interest$1,344
Property Tax$237
Insurance$150
Total$1,731/mo

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Price history

$273K$225K$176K$184K on Dec 01 (Sold)$184K on Apr 03 (Sold)$224K on Sep 08 (Sold)$265K on Jan 26 (Initial list)$259K on Feb 26 (Initial list)
$184K · Dec 01$259K · Feb 26
  1. Feb 26, 2026$259,000Initial list price
  2. Jan 26, 2026$265,000Initial list price
  3. Sep 4, 2008$223,500Sold
  4. Apr 2, 2003$184,000Sold
  5. Dec 24, 2001$184,000Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Home Intelligence

Neighborhood (zip 60616)

This neighborhood is primarily renter-occupied (38% owner-occupied). Median age is 37.6; 26% hold a bachelor's degree; median household income is $72,326.

Median income
$72,326
Median age
37.6
Owner-occupied
37.9%
Bachelor's degree
25.7%
Census median home value
$391,100

Source: US Census Bureau American Community Survey 5-year estimates.

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