1250 South Michigan Avenue

1250 South Michigan Avenue is a condo located in South Loop, Chicago. The building was first built in 1938 and is 86 years old. 1250 South Michigan Avenue has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. Separately, the building has a pool! Which is great those who want low-impact workout or those with children! If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! On weekends, residents can enjoy the building's deck. There are 187 closings on record, of which we have matching data for 25 listings. In the past 3 years, a listing in this building will typically remain on the market for about 120 days and tend to sell above the original asking price of $400,000 by 3.17%. Meaning, listings tend to sell at a median of $327 price per square foot. The transaction that took the longest to complete was unit 1810, listed on Aug 26, 2020 for $400,000. This particular unit ultimately sold 324 days later for $405,000. The most recent transaction was for unit P298, sold for $450,000 on Jun 20, 2023. Fun fact, the oldest transaction we have on record took place on Mar 10, 2005. See the full transaction history for 1250 South Michigan Avenue below.

South Loop, where 1250 South Michigan Avenue is located, has a median asking price of $629,000 for condo buildings. Meanwhile, the building itself has a median asking price of $400,000. For interested buyers, that means the building's median asking price is around 0.36% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

There are currently 2 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $674,900. It is a 2,200 sqft 3 bedroom and 2.5 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $425,000. It is a 1,300 sqft 2 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, 1 two-bedroom, 1 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $549,950. Collectively, the median square footage of these active units for sale is 1,750 sqft. Active units for sale at 1250 South Michigan Avenue are mostly 2.5-bedroom apartments Active units for sale at 1250 South Michigan Avenue have a median count of 2.5 bedrooms and have a median count of 2.25 bathrooms.