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1801 S Michigan Ave Unit 402
Condo
Just listed
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$259,900

1801 S Michigan Ave Unit 402, Chicago

78% below median
1 bd·1 ba·0 sqft
Prairie District

1801 S Michigan Ave Unit 402, Chicago, IL

1 bd · 1 ba · 0 sqft Condo listed at $259,900 in the Prairie District neighborhood.

About this home

Located in the heart of the South Loop, this stylish, investor friendly 1 bed, 1 bath timber loft has a cool urban vibe with exposed brick and original tongue in groove ceiling. This unit is thoughtfully laid out, and gets a ton of sunlight from the large windows. The kitchen features maple cabinets, and it connects to the large living room with gas fireplace. The bedroom is spacious enough to fit a king size bed, and has a large closet. In-unit laundry and a great balcony complete this unit. Heated garage parking and large storage unit included in price! Assessments include high speed internet, cable TV, and water. The building features Butterfly entry/intercom system, updated fitness center, and secure bike room. All just steps away from public transportation, the lakefront, museum campus, Soldier Field, Grant Park, dining, shopping, and so much more!

Property details

Price
$259,900
Bedrooms
1
Bathrooms
1
Type
Condo
Days on market
2
Est. property tax
$5,406/yr · $451/mo · 2.08% IL avg
HOA
$420/mo
Last sold
$239,000 · Dec 2007

Estimated monthly payment

Down payment20% ($51,980)
Interest rate6.75%
Principal & Interest$1,349
Property Tax$238
Insurance$150
Total$1,737/mo

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Price history

$286K$131K$-24K$239K on Dec 07 (Sold)$2K on Jan 22 (Price change)$2K on Feb 22 (Price change)$2K on Mar 22 (Price change)$2K on Mar 22 (Price change)$250K on May 24 (Initial list)$2K on May 24 (Price change)$2K on May 24 (Relisted)$2K on Jun 24 (Price change)$260K on Mar 26 (Initial list)$260K on Apr 26 (Initial list)
$239K · Dec 07$260K · Apr 26
  1. Apr 24, 2026$259,900Initial list price
  2. Mar 25, 2026$259,900Initial list price
  3. Jun 1, 2024$1,850Price change
  4. May 29, 2024$1,850Relisted
  5. May 14, 2024$1,850Price change
  6. May 9, 2024$249,900Initial list price
  7. Mar 29, 2022$1,725Price change
  8. Mar 29, 2022$1,725Price change
  9. Feb 4, 2022$1,725Price change
  10. Jan 5, 2022$1,725Price change
  11. Dec 13, 2007$239,000Sold

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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