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1550 South Indiana Avenue

1550 South Indiana Avenue, Chicago, IL 60605
Condo in South Loop
1 Units For Sale
Unit for sale at 1550 S Indiana Avenue, Chicago, IL 60605

$275,000 In Contract

  • 1 Bed
  • 1 Bath
  • 950 ft²
1550 S Indiana Avenue #402, Chicago, IL 60605 Listing by George Cain

1550 South Indiana Avenue is a condo located in South Loop, Chicago. The building was first built in 1905 and is 119 years old. 1550 South Indiana 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. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! There are 28 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 104 days and tend to sell below the original asking price of $272,450 by 4.01%. Meaning, listings tend to sell at a median of $304 price per square foot. The transaction that took the longest to complete was unit 501, listed on Jul 09, 2020 for $279,900. This particular unit ultimately sold 106 days later for $276,000. The most recent transaction was for unit 404, sold for $0 on Jul 15, 2021. Fun fact, the oldest transaction we have on record took place on Sep 16, 1998. See the full transaction history for 1550 South Indiana Avenue below.

South Loop, where 1550 South Indiana Avenue is located, has a median asking price of $579,000 for condo buildings. Meanwhile, the building itself has a median asking price of $272,450. For interested buyers, that means the building's median asking price is around 0.53% 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 is currently one active listing for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. The asking price for the only active sales listing is $275,000. It is a 950 sqft 1-bedroom and 1-bathroom unit.

Building Features

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

10 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230831 Unit 402
08/31/2023
402
1 Bed
1 Bath
950 ft²
$300,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
950 ft²
-
-
-
George Cain
Compass
20220720 Unit 412
07/20/2022
412
2 Bed
2 Bath
1100 ft²
$339,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1100 ft²
-
-
-
Matthew Tiegler
Keller Williams ONEChicago
20220603 Unit 402
06/03/2022
402
1 Bed
1 Bath
950 ft²
$300,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
950 ft²
-
-
-
George Cain
Compass
20220317 Unit 608
03/17/2022
608
2 Bed
2 Bath
1300 ft²
$390,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1300 ft²
-
-
-
Matthew Tiegler
Keller Williams ONEChicago
20220113 Unit 404
01/13/2022
404
1 Bed
1 Bath
741 ft²
$240,000
bedrooms
1 Bed
bathrooms
1 Bath
square feet
741 ft²
-
-
-
Elizabeth Cascio
Main Street Real Estate Group
20210927 Unit 400
09/27/2021
400
2 Bed
2 Bath
1400 ft²
$390,000
bedrooms
2 Bed
bathrooms
2 Bath
square feet
1400 ft²
-
-
-
Matthew Tiegler
Keller Williams ONEChicago
20200709 Unit 501
07/09/2020
501
1 Bed
1 Bath
920 ft²
$279,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
920 ft²
$276,000 -1.39%
10/23/2020
Alysa Peterson
20200121 Unit 604
01/21/2020
604
2 Bed
2 Bath
-
$399,900
bedrooms
2 Bed
bathrooms
2 Bath
-
-
-
-
20190826 Unit 609
08/26/2019
609
1 Bed
2 Bath
-
$299,888
bedrooms
1 Bed
bathrooms
2 Bath
$280,000 -6.63%
12/05/2019
Matt Laricy
20180904 Unit 201
09/04/2018
201
Studio
-
-
-
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Living Units: 36
  • Business/Commerical Units Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,577
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: PENTHOUSE LOFTS CONDO
  • Land Acres: 0.312
  • Standard Land Use Code: Commercial building

Ownership

  • Current Owner : UNITED MAINTENANCE COMPANY INC
  • Previous Owner : CHICAGO TITLE LAND TRUST COMPANY
  • Owner Before Previous Owner: CHICAGO TITLE LAND TRUST COMPANY

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 330102

Zoning

  • Zoning: DX-7

Geography

  • Assessors Map Reference: Jan 01, 1970
  • District: 76
  • Parcel: 17-22-108-080-0000
  • Lot: 1,2
  • Meridian: SEC 22 TWN 39N RNG 14E
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8606
  • Longitude: -87.6229

    Address

  • Full Address: 1550 S Indiana Ave
  • Address - House Number: 1550
  • Street Direction: S
  • Address - Street Name: Indiana
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C011
  • 4-Digit Zip Code: 2857
  • Zip Code: 60605

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $144,145
  • Tax Rate Code Area: 76084

    Market Valuation

  • Market Total Value: $2,794,512
  • Market Land Value: $94,224
  • Market Improvement Value: $2,700,288

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $698,628
  • Assessed Land Value: $23,556
  • Assessed Improvements Value: $675,072

    Sales

  • Current Sale Contract Date: Feb 24, 1999
  • Current Sale Recording Date: Mar 24, 1999
  • Current Sale Transaction ID: 1177816447
  • Current Sale Price: $10,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 99282710
  • Previous Sale Recording Date: Oct 26, 1998
  • Previous Sale Contract Date: Oct 08, 1998
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Joint Tenancy Deed

    Previous Mortgages

  • Previous Mortgage Lender: THE NORTHERN TRUST COMPANY
  • Previous Mortgage Transaction Date: Oct 26, 1998
  • Previous Mortgage Loan Amount: $180,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Nov 01, 2028

About Central Chicago



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Frequently Asked Questions

What neighborhood is 1550 South Indiana Avenue located in?
The 1550 South Indiana Avenue is a condo located in the neighborhood of South Loop in Central Chicago, Chicago.
How many listings are currently for sale in 1550 South Indiana Avenue?
There is one unit for sale right now.
What is the average sales price for listings in 1550 South Indiana Avenue?
The average sales price for units in 1550 South Indiana Avenue is $272,450 , or $304/sqft. currently.

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