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  5. Michaels Terrace Condominiums / 1309 N. Wells Street
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Michaels Terrace Condominiums / 1309 N. Wells Street

1309 N Wells Street, Chicago, IL, 60610

YEAR BUILT

1989

# STORIES

10

# TOTAL UNITS

114

UNIT SIZE RANGE

4,150-4,250 sqft

Description

Michaels Terrace Condominiums sits at 1309 N. Wells Street in Chicago. This high-rise building stands 10 stories tall and contains 114 units. Constructed in 1989, the structure reflects modern urban living proudly. Nearby, North Clark Street and West North Avenue mark significant intersections for city navigation. Unit sizes range from 415 to 425 square feet. Owners can choose from 2 to 6 bedrooms depending on their needs. Prices vary significantly, between $375,000 and $1,000,000. The average price for sold units stands at $426,000. This translates to an average of $398 per square foot over the last year. Units typically remain on the market for around 78 days. Michaels Terrace offers a variety of amenities to residents. Elevators provide easy access to all floors. A sundeck invites relaxation outside, while a party room offers space for gatherings. For biking enthusiasts, a bike room and nearby bike trails enhance outdoor activities. A service elevator ensures convenience for moving items throughout the building. Nearby dining options include Chicago the Optima and Cafe Sushi, perfect for quick meals or special outings. Families appreciate the proximity to Chicago Public Schools. These nearby establishments contribute to the lively neighborhood surrounding the building. The connection to Lake Michigan supports outdoor recreation and scenic views. Residents can enjoy various parks and trails along the waterfront. This building balances urban living with open spaces. Overall, Michaels Terrace offers a blend of comfort and city life, making it a noteworthy choice for potential buyers.

Building ImageMLS ID #08181448
Building ImageMLS ID #06887358
Building Image
Building ImageView Listing

Michaels Terrace Condominiums / 1309 N. Wells Street

1309 N Wells Street, Chicago, IL, 60610

YEAR BUILT

1989

# STORIES

10

# TOTAL UNITS

114

UNIT SIZE RANGE

4,150-4,250 sqft

Description

Michaels Terrace Condominiums sits at 1309 N. Wells Street in Chicago. This high-rise building stands 10 stories tall and contains 114 units. Constructed in 1989, the structure reflects modern urban living proudly. Nearby, North Clark Street and West North Avenue mark significant intersections for city navigation. Unit sizes range from 415 to 425 square feet. Owners can choose from 2 to 6 bedrooms depending on their needs. Prices vary significantly, between $375,000 and $1,000,000. The average price for sold units stands at $426,000. This translates to an average of $398 per square foot over the last year. Units typically remain on the market for around 78 days. Michaels Terrace offers a variety of amenities to residents. Elevators provide easy access to all floors. A sundeck invites relaxation outside, while a party room offers space for gatherings. For biking enthusiasts, a bike room and nearby bike trails enhance outdoor activities. A service elevator ensures convenience for moving items throughout the building. Nearby dining options include Chicago the Optima and Cafe Sushi, perfect for quick meals or special outings. Families appreciate the proximity to Chicago Public Schools. These nearby establishments contribute to the lively neighborhood surrounding the building. The connection to Lake Michigan supports outdoor recreation and scenic views. Residents can enjoy various parks and trails along the waterfront. This building balances urban living with open spaces. Overall, Michaels Terrace offers a blend of comfort and city life, making it a noteworthy choice for potential buyers.

Next

Description

Michaels Terrace Condominiums sits at 1309 N. Wells Street in Chicago. This high-rise building stands 10 stories tall and contains 114 units. Constructed in 1989, the structure reflects modern urban living proudly. Nearby, North Clark Street and West North Avenue mark significant intersections for city navigation. Unit sizes range from 415 to 425 square feet. Owners can choose from 2 to 6 bedrooms depending on their needs. Prices vary significantly, between $375,000 and $1,000,000. The average price for sold units stands at $426,000. This translates to an average of $398 per square foot over the last year. Units typically remain on the market for around 78 days. Michaels Terrace offers a variety of amenities to residents. Elevators provide easy access to all floors. A sundeck invites relaxation outside, while a party room offers space for gatherings. For biking enthusiasts, a bike room and nearby bike trails enhance outdoor activities. A service elevator ensures convenience for moving items throughout the building. Nearby dining options include Chicago the Optima and Cafe Sushi, perfect for quick meals or special outings. Families appreciate the proximity to Chicago Public Schools. These nearby establishments contribute to the lively neighborhood surrounding the building. The connection to Lake Michigan supports outdoor recreation and scenic views. Residents can enjoy various parks and trails along the waterfront. This building balances urban living with open spaces. Overall, Michaels Terrace offers a blend of comfort and city life, making it a noteworthy choice for potential buyers.

Michaels Terrace Condominiums / 1309 N. Wells Street Market Stats Last 12 months

Avg. Listed Price$439,975($396/Sqft.)
Avg. Sale Price$426,000($398/Sqft.)
Year over year list priceUp Arrow5.59%
Year over year sale priceUp Arrow 4.92%
Total Listings4 Listed
Total sold4 Sold
Average Days on Market78 days
Average HOA fees per sqft$2 /monthly
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Market Stats

Year over year list priceUp Arrow5.59%
Year over year sale priceUp Arrow4.92%
Total Listings4 Listed
Total sold4 Sold
Average Days on Market78 days
Average HOA fees per sqft$2 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

Michaels Terrace Condominiums / 1309 N. Wells Street Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 13061306110022282025-07-18
MLS#: 12396777 		Closed$500,000
Unit 14021402110022632024-10-15
MLS#: 12136831 		Closed$460,000
Unit 13011301420066952017-02-06
MLS#: 09381249 		Closed$1,000,000
Unit 1301
1301

6 Beds

6 Baths

4200 sqft

DateStatusPrice
2017-02-06Closed$1,000,000
MLS#: 09381249
Days On Market95
Unit 1306
1306

2 Beds

2 Baths

1100 sqft

DateStatusPrice
2025-07-18Closed$500,000
MLS#: 12396777
Days On Market28
Unit 1402
1402

2 Beds

2 Baths

1100 sqft

DateStatusPrice
2024-10-15Closed$460,000
MLS#: 12136831
Days On Market63
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the highlights of Michaels Terrace is its host of appealing amenities. Picture spending weekends on a spacious sundeck, catching some rays or unwinding after a long week. Perhaps you’re someone who loves biking? The bike room and nearby bike trails make cycling a breeze! Additionally, the convenience of service elevators adds to the easy living here. And when you’re in the mood to celebrate with friends, the party room is the perfect spot for gatherings, ensuring you can create wonderful memories right at home.

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Amenities Description

One of the highlights of Michaels Terrace is its host of appealing amenities. Picture spending weekends on a spacious sundeck, catching some rays or unwinding after a long week. Perhaps you’re someone who loves biking? The bike room and nearby bike trails make cycling a breeze! Additionally, the convenience of service elevators adds to the easy living here. And when you’re in the mood to celebrate with friends, the party room is the perfect spot for gatherings, ensuring you can create wonderful memories right at home.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Sundeck

Sundeck

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

For pet lovers, Michaels Terrace welcomes your furry companions! Both cats and dogs are allowed, making it a pet-friendly haven for you and your best friend. Do keep in mind that a deposit is required—a standard practice to help maintain the quality and charm of this vibrant community.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
Michaels Terrace Condominiums / 1309 N. Wells Street$398/sqft.$2 /sqft.
1309 N Wells St$398/sqft.$2 /sqft.
1330 N La Salle Dr$288/sqft.$4 /sqft.
210 W Scott Street$480/sqft.$12 /sqft.
210 W Scott St$480/sqft.$12 /sqft.
Neapolitan$334/sqft.$2 /sqft.

Nearby Schools

In Old Town, Michaels Terrace Condominiums / 1309 N. Wells Street benefits from nearby schools within easy reach. Educational institutions within 2 miles reduce travel time for families. This convenient access supports balanced daily routines. The location promotes comfortable urban living.

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|0.11 miles away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|0.15 miles away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|0.23 miles away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|0.3 miles away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|0.3 miles away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|0.34 miles away
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Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

In Old Town, Michaels Terrace Condominiums / 1309 N. Wells Street benefits from nearby schools within easy reach. Educational institutions within 2 miles reduce travel time for families. This convenient access supports balanced daily routines. The location promotes comfortable urban living.

Franklin Elementary Fine Arts Center

C
Public|Grades KG–8
225 W Evergreen Av...|Less than 1 Mile Away

Catherine Cook School

--
Private|Grades PK–8
226 W Schiller St|Less than 1 Mile Away

Cornerstone Academy

--
Private|Grades 9–12
1111 N Wells St St...|Less than 1 Mile Away

Payton College Preparatory High School

A+
Public|Grades 9–12
1034 N Wells St|Less than 1 Mile Away

Salazar Elementary Bilingual Center

C-
Public|Grades PK–8
160 W Wendell St|Less than 1 Mile Away

Lincoln Park Preschool and Kindergarten

--
Private|Grades PK–KG
108 W Germania Pl|Less than 1 Mile Away

Manierre Elementary School

F
Public|Grades PK–8
1420 N Hudson Ave|Less than 1 Mile Away

Immaculate Conception School

--
Private|Grades PK–8
363 W Hill St|Less than 1 Mile Away

Latin School of Chicago Lower

--
Private|Grades PK–12
1531 N Dearborn Pk...|Less than 1 Mile Away

Ogden Elementary School

D+
Public|Grades KG–8
24 W Walton St|Less than 1 Mile Away

Skinner North Elementary School

A
Public|Grades KG–8
640 W Scott St|Less than 1 Mile Away

Lasalle Elementary Language Academy

B+
Public|Grades KG–8
1734 N Orleans St|Less than 1 Mile Away

Skinner Elementary School

A
Public|Grades PK–5
111 S Throop St|Less than 1 Mile Away

Cics - Quest North Campus

F
Public|Grades 9–12
1443 N Ogden Ave|Less than 1 Mile Away

Noble St Charter-the Noble Academy

A
Public|Grades 9–12
1443 N Ogden Ave|Less than 1 Mile Away

Jenner Elementary Academy of the Arts

--
Public|Grades PK–8
|Less than 1 Mile Away

Gce Lab School

--
Private|Grades 9–12
1535 N Dayton St|Less than 1 Mile Away

Fusion Academy Lp: Chicago- Lincoln Park

--
Private|Grades 6–12
1440 N Dayton St S...|Less than 1 Mile Away

Newberry Elementary Math & Science Academy

B-
Public|Grades PK–8
700 W Willow St|Less than 1 Mile Away

Lincoln Park High School

B+
Public|Grades 9–12
2001 N Orchard St|1.09 Miles Away

St James Lutheran School

--
Private|Grades PK–8
2101 N Fremont St|1.30 Miles Away

Lincoln Elementary School

A+
Public|Grades KG–8
615 W Kemper Pl|1.38 Miles Away

St Stanislaus Kostka School

--
Private|Grades PK–8
1255 N Noble St|1.44 Miles Away

Ogden Intermediate High School

A
Public|Grades 9–12
1250 W Erie St|1.51 Miles Away

Noble St Charter-Noble Campus

A+
Public|Grades 9–12
1010 N Noble St|1.54 Miles Away

Rowe Elementary School

C-
Public|Grades KG–8
1424 N Cleaver St|1.58 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.57 Miles Away

Holy Trinity High School

--
Private|Grades 9–12
1443 W Division St|1.58 Miles Away

Near North Montessori

--
Private|Grades PK–8
1434 W Division St|1.58 Miles Away

Lozano Elementary School

D+
Public|Grades PK–8
1501 N Greenview A...|1.60 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.64 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.67 Miles Away

Mayer Elementary School

A
Public|Grades PK–8
2250 N Clifton Ave|1.67 Miles Away

St Clement School

--
Private|Grades PK–8
2524 N Orchard St|1.68 Miles Away

Noble St Charter Rauner College Preparatory

A
Public|Grades 9–12
1337 W Ohio St|1.69 Miles Away

Noble St Charter-Golder College Preparatory

A
Public|Grades 9–12
1454 W Superior St|1.72 Miles Away

Alcott Elementary School

A
Public|Grades KG–8
2625 N Orchard St|1.74 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.76 Miles Away

Wells Community Academy High School

F
Public|Grades 9–12
936 N Ashland Ave|1.82 Miles Away

Burr Elementary School

B
Public|Grades PK–8
1621 W Wabansia Av...|1.83 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.87 Miles Away

Otis Elementary School

D+
Public|Grades KG–8
525 N Armour St|1.89 Miles Away

St Josaphat School

--
Private|Grades PK–8
2245 N Southport A...|1.90 Miles Away

Transit

Michaels Terrace Condominiums / 1309 N. Wells Street enjoys proximity to 50+ public transit options throughout Chicago. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

1700 N Halsted

0.84 miles away|17 min walk

1900 N Halsted

1.01 miles away|20 min walk

300 W Division

0.19 miles away|4 min walk

311 W Division

0.18 miles away|4 min walk

320 N LaSalle

1.21 miles away|24 min walk

321 N LaSalle

1.21 miles away|24 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Michaels Terrace Condominiums / 1309 N. Wells Street enjoys proximity to 50+ public transit options throughout Chicago. Located within a 2-mile radius, these connections enable easy commuting and dependable travel. Residents benefit from reduced reliance on private vehicles. A well-served transit location supports sustainable urban living.

1700 N Halsted

0.84 miles away|17 min walk

1900 N Halsted

1.01 miles away|20 min walk

300 W Division

0.19 miles away|4 min walk

311 W Division

0.18 miles away|4 min walk

320 N LaSalle

1.21 miles away|24 min walk

321 N LaSalle

1.21 miles away|24 min walk

333 S Franklin Street (Chicago)

1.99 miles away|39 min walk

350 S. Clark Street (Chicago)

1.98 miles away|38 min walk

530 W Grand

1.11 miles away|22 min walk

700 W Chicago

0.9 miles away|18 min walk

Adams & Canal

1.86 miles away|36 min walk

Adams & Clark

1.84 miles away|36 min walk

Adams & State

1.85 miles away|36 min walk

Adams & S. Wacker

1.84 miles away|36 min walk

Adams & Wabash

1.87 miles away|36 min walk

Adams/Wabash

1.88 miles away|36 min walk

Adams & Wells

1.83 miles away|36 min walk

AM Michigan & Randolph (Chicago)

1.56 miles away|30 min walk

Armitage

1.27 miles away|25 min walk

Armitage (Brown/Purple)

1.27 miles away|25 min walk

Armitage & Clark

0.86 miles away|17 min walk

Armitage & Cleveland

0.92 miles away|18 min walk

Armitage & Fremont

1.2 miles away|24 min walk

Armitage & Halsted

1.12 miles away|22 min walk

Armitage & Larrabee

0.98 miles away|19 min walk

Armitage & Lincoln/Sedgwick

0.88 miles away|17 min walk

Armitage & Orchard

1.05 miles away|21 min walk

Armitage & Seminary

1.38 miles away|27 min walk

Armitage Station (Brown Line)

1.26 miles away|25 min walk

Ashland & Armitage

1.92 miles away|37 min walk

Ashland & Augusta

1.76 miles away|34 min walk

Ashland & Blackhawk

1.72 miles away|34 min walk

Ashland & Chicago

1.83 miles away|36 min walk

Ashland & Cortland

1.87 miles away|36 min walk

Ashland & Division (Blue Line)

1.74 miles away|34 min walk

Ashland & Elston

1.98 miles away|39 min walk

Ashland & Erie

1.91 miles away|37 min walk

Ashland & Grand

1.98 miles away|38 min walk

Ashland & Milwaukee (Blue Line)

1.72 miles away|33 min walk

Ashland & North Ave

1.76 miles away|34 min walk

Broadway & Diversey

1.95 miles away|38 min walk

Canal & Madison

1.67 miles away|33 min walk

Canal & Randolph

1.52 miles away|30 min walk

Canal & Randolph/Washington

1.58 miles away|31 min walk

Cannon & Nature Museum/Fullerton

1.46 miles away|28 min walk

Chestnut & Lake Shore Drive

0.96 miles away|19 min walk

Chestnut & Mies Van Der Rohe

0.79 miles away|16 min walk

Chicago & Ashland

1.83 miles away|36 min walk

Chicago & Bishop

1.69 miles away|33 min walk

Chicago (Blue)

1.29 miles away|25 min walk

The Neighbourhood: Old Town

Old Town, nestled in Cook County, IL, is a charming neighborhood with a rich historic backdrop and a vibrant community feel. Known for its tree-lined streets and beautifully preserved Victorian-era architecture, it attracts both locals and tourists. Residents and visitors enjoy a diverse selection of restaurants, unique boutiques, and lively entertainment venues. The area boasts convenient transportation options, with several public transit lines offering easy access to downtown Chicago and other parts of the city. Its inviting atmosphere and community events make Old Town a cherished locale for all ages.

Next

Neighbourhood Description

Old Town, nestled in Cook County, IL, is a charming neighborhood with a rich historic backdrop and a vibrant community feel. Known for its tree-lined streets and beautifully preserved Victorian-era architecture, it attracts both locals and tourists. Residents and visitors enjoy a diverse selection of restaurants, unique boutiques, and lively entertainment venues. The area boasts convenient transportation options, with several public transit lines offering easy access to downtown Chicago and other parts of the city. Its inviting atmosphere and community events make Old Town a cherished locale for all ages.

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Michaels Terrace Condominiums / 1309 N. Wells Street Demographics

Age Demographics

0–14 Years

6.5%

15–29 Years

32.42%

30–44 Years

24.7%

45–59 Years

14.72%

60+ Years

21.64%

Commute

26.1%

Transit

24.24%

Walk

22.67%

Drive

2.13%

Bike

Housing Ownership

40.42%

Owner Occupied

59.58%

Rental Units

Household Types

Single Family
7.98%
Multi Family
0.58%
Single Person
58.53%
Multi Person
41.47%

Average Income

Household:$11,857,495.19 /yr

Individual:$10,685,269.26 /yr

Education

Bachelors Degree43.57%
High School College4.74%
Diploma2.27%
Post Graduate39.88%
Others9.54%
Next

Education

Diploma2.27%
Post Graduate39.88%
Others9.54%
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    Michaels Terrace Condominiums / 1309 N. Wells Street
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