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$387,658*
●
House -
Off Market
1631 S MICHIGAN Avenue #510
Chicago, IL 60616
2 Beds
2 Baths
1425 Sqft
$329,000 - $401,000
Reference Base Price*
6.21%
Since Oct 1, 2022
IL-Chicago
Primary Model
About This Property
Here is your opportunity to live in a Tandem Lofts Condo in the
South Loop. This elevator building is located in a bustling
neighborhood rich with history. Upon entry to the Unit, you're
greeted by a Foyer large enough to benefit as a home office,
hobby/play/gaming room, or welcomed space when entertaining. The
living area is the epitome of the open concept! If you love
cooking, this Kitchen provides the space you'll need to create
great meals and memories. Cabinets and appliances are in excellent
condition and the Island/Breakfast Bar is a well-centered
separation from the DR & LR. With Eastern exposure and nearly
floor-to-ceiling windows, revel in the sunlight during the day. On
colder nights, stay warm and get cozy with the gas fireplace. Need
a little outdoor space? Then you'll appreciate the City views on
the Balcony, just outside the LR. Continue down the hall that homes
entrances to the large 2nd BR and BTH. At 10x14, you can fit any
size bed. The BTH has a tub/shower and ample space for both
day-to-day use and making a guest's stay even more pleasurable.
Beyond these rooms awaits your Master Suite consisting of a 12x20
BR, 7x8 Walk-In Closet, and full BTH. The building offers Bicycle
Storage and a Dog Run as well as a Storage Locker for each Unit.
Enjoy all the City has to offer and return Home with peace of mind
knowing you have your own separately deeded and heated garage
parking spot (for an additional $25K). What's nearby? Museum
Campus, Printers Row, the historic Prairie District (home to
19th-century mansions), Pilsen, Chinatown, easy access to buses and
about 1/2 mile to Red, Green & Metra lines, shopping, dining, and
so much more. Assessments include everything but electric. [Now for
the boring, but very helpful info:] Monthly Assessment is currently
$823.74 = $653.50 (Unit) + $38.92 (Parking) + $131.32 (Special
Assessment, with a balance, for this Unit, of $525.28 due thru
12/31/2022 (NOTE: balance to be paid by Seller at Closing)). TAXES:
Unit = $7,737.42; Parking = $460.69 (2020). OPERATING ACCOUNT =
$33,006.05 (Aug 2022). Special Assessment: $70K for 2022 only, to
bulk up Reserves (Building had completed some projects over the
last couple/few years). NOTE: No other Specials being discussed at
this time. Owner Occupancy is at 73%, with 27% of the Units
currently being rented. Reserves = $218,949.19 (Aug 2022).
Projected Reserves EOY (2022) = $231,432.23. If you're
thinking as an Investor, please know that this Building has a
Rental Cap of 15 Units and they are at capacity now, with "quite a
few units on the waitlist". Call today to schedule a private
viewing and discover why this 1400+ SQFT space is a perfect place
to call Home.
The manager has listed the unit size as 1425 square feet.
The manager has listed the unit size as 1425 square feet.
Unit Size
1,425Ft²
Days on Market
-
Land Size
-
Price per sqft
$256
Property Type
House
Property Taxes
$683
HOA Dues
$692
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 28, 2022 | No longer available | - | |
No longer available | |||
Aug 18, 2022 | Listed | $365,000 | |
Listed | |||
Jun 7, 2013 | Sold to Zexvab Diakite | $319,000 | |
Sold to Zexvab Diakite |
Property Highlights
Air Conditioning
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
2
Beds
2
Baths
1,336 ft²
$273/ft²
$365,000
Mar 14, 2024
-
$1,455/mo
House
2
Beds
1.5
Baths
1,400 ft²
$289/ft²
$405,000
Mar 22, 2024
-
$1,169/mo
In Contract
House
2
Beds
1
Bath
1,250 ft²
$263/ft²
$329,000
Feb 29, 2024
-
$939/mo
In Contract
House
2
Beds
2
Baths
1,241 ft²
$322/ft²
$399,900
Feb 15, 2024
-
$1,080/mo
Active
House
2
Beds
2
Baths
1,250 ft²
$288/ft²
$359,900
Mar 29, 2024
-
$1,263/mo
In Contract
House
2
Beds
2
Baths
1,228 ft²
$326/ft²
$399,999
Feb 13, 2024
-
$1,219/mo
House
2
Beds
2
Baths
1,254 ft²
$318/ft²
$399,000
Feb 12, 2024
-
$1,488/mo
In Contract
House
2
Beds
2
Baths
1,250 ft²
$300/ft²
$375,000
Oct 23, 2023
-
$1,205/mo
House
2
Beds
1
Bath
1,010 ft²
$297/ft²
$300,000
Mar 6, 2024
-
$754/mo
House
2
Beds
2
Baths
1,000 ft²
$380/ft²
$380,000
Feb 4, 2024
-
$1,143/mo
House
2
Beds
1
Bath
920 ft²
$370/ft²
$339,999
Mar 12, 2024
-
$702/mo
In Contract
House
2
Beds
2
Baths
1,020 ft²
$358/ft²
$365,000
Mar 14, 2024
-
$898/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/29/2024
|
2 Bed
|
1 Bath
|
1250 ft²
|
$329,000
2 Bed
1 Bath
1250 ft²
|
-
-
|
-
|
Wanda Austin-Wingood
Redfin Corporation
|
|
03/15/2023
|
2 Bed
|
1 Bath
|
985 ft²
|
$330,000
2 Bed
1 Bath
985 ft²
|
-
-
|
-
|
Janice Parks
Baird & Warner
|
|
08/18/2022
|
2 Bed
|
2 Bath
|
1425 ft²
|
$365,000
2 Bed
2 Bath
1425 ft²
|
-
-
|
-
|
Richard Batista
J J Nate Real Estate & Mgmt
|
|
01/07/2022
|
2 Bed
|
2 Bath
|
1400 ft²
|
$365,000
2 Bed
2 Bath
1400 ft²
|
$385,000
+5.48%
02/23/2022
|
Brittani Walker
Redfin Corporation
|
||
10/13/2020
|
2 Bed
|
2 Bath
|
1500 ft²
|
$450,000
2 Bed
2 Bath
1500 ft²
|
-
-
|
-
|
-
|
|
11/19/2020
|
2 Bed
|
2 Bath
|
1350 ft²
|
$339,900
2 Bed
2 Bath
1350 ft²
|
$332,000
-2.32%
04/28/2021
|
Janice Parks
|
||
02/26/2020
|
2 Bed
|
2 Bath
|
1180 ft²
|
$325,000
2 Bed
2 Bath
1180 ft²
|
$350,000
+7.69%
04/27/2020
|
Beverly Bahm
|
||
11/26/2018
|
1 Bed
|
1 Bath
|
-
|
$280,000
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
12/04/2018
|
1 Bed
|
1 Bath
|
-
|
$289,900
1 Bed
1 Bath
|
-
-
|
-
|
-
|
|
01/10/2019
|
2 Bed
|
2 Bath
|
1250 ft²
|
$349,900
2 Bed
2 Bath
1250 ft²
|
-
-
|
-
|
-
|
Building Info
About Central Chicago
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