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318 South Michigan Avenue

318 South Michigan Avenue, Chicago, IL 60604
Condo in The Loop
2 Units For Sale
Unit for sale at 318 S Michigan Avenue, Chicago, IL 60604

$1,199,995

  • 3 Beds
  • 3.5 Baths
  • 2,650 ft²
318 S Michigan Avenue #600, Chicago, IL 60604 Listing by Matt Laricy

Unit for sale at 318 S Michigan Avenue, Chicago, IL 60604

$1,249,995

  • 3 Beds
  • 3.5 Baths
  • 2,650 ft²
318 S Michigan Avenue #600, Chicago, IL 60604 Listing by Matt Laricy

318 South Michigan Avenue is a condo located in The Loop, Chicago. The building was first built in 1882 and is 142 years old.

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 1 closings on record. The most recent transaction sold for $515,000 on Aug 12, 2008. Fun fact, the oldest transaction we have on record took place on Aug 12, 2008. See the full transaction history for 318 South Michigan Avenue below.

The Loop, where 318 South Michigan Avenue is located, has a median asking price of $579,000 for condo buildings. For interested buyers, that means the building's median asking price is around 1.00% 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 $1,249,995. It is a 2,650 sqft 3 bedroom and 3.5 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,199,995. It is a 2,650 sqft 3 bedroom and 3.5 bathroom unit. A breakdown of active listings shows no studio, no one-bedroom, no two-bedroom, 2 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $1,224,995. Collectively, the median square footage of these active units for sale is 2,650 sqft. Active units for sale at 318 South Michigan Avenue are mostly 3-bedroom apartments Active units for sale at 318 South Michigan Avenue have a median count of 3 bedrooms and have a median count of 3.5 bathrooms.

Building Features

Exterior

Stone Exterior

Parking

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

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201002 Unit 400
10/02/2020
400
3 Bed
4 Bath
2700 ft²
$1,049,000
bedrooms
3 Bed
bathrooms
4 Bath
square feet
2700 ft²
-
-
-
-
20190715 Unit 400
07/15/2019
400
3 Bed
4 Bath
2650 ft²
$1,495,000
bedrooms
3 Bed
bathrooms
4 Bath
square feet
2650 ft²
-
-
-
-
20180924 Unit 400
09/24/2018
400
3 Bed
4 Bath
2650 ft²
-
bedrooms
3 Bed
bathrooms
4 Bath
square feet
2650 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1882
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 7
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 36,583
  • 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: Residential
  • Subdivision: RICHELIEU FLATS CONDO
  • Land Acres: 0.84
  • Standard Land Use Code: Condominium unit (residential)

Ownership

  • Current Owner : ARCHER WALLACE PROPERTIES LLC
  • Previous Owner : SZILAGYI GREGG
  • Owner Before Previous Owner: GPC 2021 LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Chicago Public School District 299
  • Census Tract: 320400

Zoning

  • Zoning: DX-16

Geography

  • District: 76
  • Parcel: 17-15-107-079-1002
  • Municipality: SOUTH CHICAGO
  • Latitude: 41.8777
  • Longitude: -87.6249

    Address

  • Full Address: 318 S Michigan Ave
  • Address - House Number: 318
  • Street Direction: S
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Chicago
  • Carrier Code: C010
  • 4-Digit Zip Code: 4235
  • Zip Code: 60604

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $24,373
  • Tax Rate Code Area: 76015

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 1,178,242
  • High Value: 1,398,154
  • Low Value: 958,330

    Market Valuation

  • Market Total Value: $1,185,000
  • Market Land Value: $995,060
  • Market Improvement Value: $189,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,500
  • Assessed Land Value: $99,506
  • Assessed Improvements Value: $18,994

    Sales

  • Current Sale Contract Date: Nov 20, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Transaction ID: 11918415409
  • Current Sale Price: $2,100,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 13251
  • Previous Sale Recording Date: Jul 27, 2023
  • Previous Sale Contract Date: Jul 17, 2023
  • Previous Sale Amount: $1,265,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GPC 2021 LLC
  • Previous Mortgage Transaction Date: Jul 27, 2023
  • Previous Mortgage Loan Amount: $1,107,938
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About Central Chicago



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Frequently Asked Questions

What neighborhood is 318 South Michigan Avenue located in?
The 318 South Michigan Avenue is a condo located in the neighborhood of The Loop in Central Chicago, Chicago.
How many listings are currently for sale in 318 South Michigan Avenue?
318 South Michigan Avenue has a total of zero units in the building. There are two units for sale right now.
What is the average sales price for listings in 318 South Michigan Avenue?
The average sales price for units in 318 South Michigan Avenue is $1,224,995 , or $462/sqft. currently.

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