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  5. 1338 S Federal St
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1338 S Federal St

1338 S Federal, Chicago, IL, 60605
The Prairie Terrace Homes

YEAR BUILT

1991

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,200-2,200 sqft

Description

The building at 1338 S Federal St is located in the lively South Loop neighborhood of Chicago. This low-rise structure, built in 1991, has 3 stories and contains 7 units. Each unit offers a spacious feel with sizes ranging from 1,200 to 2,200 sq ft. There are both 2-bedroom and 3-bedroom units available. Recent listings show prices between $600,000 and $685,000. On average, the closed prices are around $565,000, which breaks down to roughly $343 per square foot. The average time on the market has been about 98 days, allowing buyers some time to explore their options. Residents can enjoy access to a nearby park. The lovely outdoor space adds to the appeal of this building. Some units have large bay windows that let in a lot of natural light. Others feature balcony access from the bedrooms, perfect for morning coffee. Parking options include attached garages, which provide convenience for residents. There is ample storage space within the units as well. This helps in keeping living areas tidy and organized, which many families find beneficial. Nearby, people can visit Cheesecake for grocery shopping and Harbor Restaurant for dining. The area has a mix of shops, cafes, and parks. Living here means there's always something to do or see, and it is just a short walk from the lake. The South Loop is an engaging neighborhood with a lot of community spirit. This building combines comfort and accessibility with a welcoming atmosphere, making it attractive for families and individuals alike.

Building ImageMLS ID #07977611
Building ImageMLS ID #07977611
Building ImageView Listing

1338 S Federal St

1338 S Federal, Chicago, IL, 60605


The Prairie Terrace Homes

YEAR BUILT

1991

# STORIES

3

# TOTAL UNITS

7

UNIT SIZE RANGE

1,200-2,200 sqft

Description

The building at 1338 S Federal St is located in the lively South Loop neighborhood of Chicago. This low-rise structure, built in 1991, has 3 stories and contains 7 units. Each unit offers a spacious feel with sizes ranging from 1,200 to 2,200 sq ft. There are both 2-bedroom and 3-bedroom units available. Recent listings show prices between $600,000 and $685,000. On average, the closed prices are around $565,000, which breaks down to roughly $343 per square foot. The average time on the market has been about 98 days, allowing buyers some time to explore their options. Residents can enjoy access to a nearby park. The lovely outdoor space adds to the appeal of this building. Some units have large bay windows that let in a lot of natural light. Others feature balcony access from the bedrooms, perfect for morning coffee. Parking options include attached garages, which provide convenience for residents. There is ample storage space within the units as well. This helps in keeping living areas tidy and organized, which many families find beneficial. Nearby, people can visit Cheesecake for grocery shopping and Harbor Restaurant for dining. The area has a mix of shops, cafes, and parks. Living here means there's always something to do or see, and it is just a short walk from the lake. The South Loop is an engaging neighborhood with a lot of community spirit. This building combines comfort and accessibility with a welcoming atmosphere, making it attractive for families and individuals alike.

Next

Description

The building at 1338 S Federal St is located in the lively South Loop neighborhood of Chicago. This low-rise structure, built in 1991, has 3 stories and contains 7 units. Each unit offers a spacious feel with sizes ranging from 1,200 to 2,200 sq ft. There are both 2-bedroom and 3-bedroom units available. Recent listings show prices between $600,000 and $685,000. On average, the closed prices are around $565,000, which breaks down to roughly $343 per square foot. The average time on the market has been about 98 days, allowing buyers some time to explore their options. Residents can enjoy access to a nearby park. The lovely outdoor space adds to the appeal of this building. Some units have large bay windows that let in a lot of natural light. Others feature balcony access from the bedrooms, perfect for morning coffee. Parking options include attached garages, which provide convenience for residents. There is ample storage space within the units as well. This helps in keeping living areas tidy and organized, which many families find beneficial. Nearby, people can visit Cheesecake for grocery shopping and Harbor Restaurant for dining. The area has a mix of shops, cafes, and parks. Living here means there's always something to do or see, and it is just a short walk from the lake. The South Loop is an engaging neighborhood with a lot of community spirit. This building combines comfort and accessibility with a welcoming atmosphere, making it attractive for families and individuals alike.

1338 S Federal St Key Stats Last 12 months

Avg. Listed Price$695,000($320/Sqft.)

Avg. Sale Price$565,000($343/Sqft.)
Year over year list priceUp Arrow52.08%

Year over year sale priceUp Arrow 21.51%
Total Listings1 Listed

Total sold2 Sold
Average Days on Market98 days

Average HOA fees per sqft$4 /monthly
Next

Key Stats

Year over year list priceUp Arrow52.08%

Year over year sale priceUp Arrow21.51%
Total Listings1 Listed

Total sold2 Sold
Average Days on Market98 days

Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
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

-
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

1338 S Federal St Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit MM217533212024-10-16
MLS#: 12173105
Closed$685,000
Unit PP-331482009-06-23
MLS#: 07118690
Closed$600,000
Unit II2200333122007-04-13
MLS#: 06164511
Closed$549,800
Unit I
I

3 Beds

3 Baths

2200 sqft


DateStatusPrice
2007-04-13Closed$549,800
MLS#: 06164511
Days On Market312
Unit M
M

3 Beds

3 Baths

2175 sqft


DateStatusPrice
2024-10-16Closed$685,000
MLS#: 12173105
Days On Market21
Unit P
P

3 Beds

3 Baths

0 sqft


DateStatusPrice
2009-06-23Closed$600,000
MLS#: 07118690
Days On Market148
View Complete Unit Listing HistorySource By: MRED

Amenities

One of the standout features of 1338 S Federal St is the lovely nearby park, perfect for afternoon strolls, picnics, or just soaking up the sun. Imagine having your morning coffee while enjoying the fresh air or taking your furry friend for a walk—pets are welcome! Yes, both cats and dogs are allowed here, meaning you won’t have to leave your beloved companions behind when moving to your new condo. The park also presents an opportunity for socializing with neighbors or meeting fellow pet owners, promoting that welcoming neighborhood vibe.

Next

Amenities Description

One of the standout features of 1338 S Federal St is the lovely nearby park, perfect for afternoon strolls, picnics, or just soaking up the sun. Imagine having your morning coffee while enjoying the fresh air or taking your furry friend for a walk—pets are welcome! Yes, both cats and dogs are allowed here, meaning you won’t have to leave your beloved companions behind when moving to your new condo. The park also presents an opportunity for socializing with neighbors or meeting fellow pet owners, promoting that welcoming neighborhood vibe.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Storage

Storage

Balcony

Balcony

Policies

Living here comes with the joy of pet-friendly policies, allowing you to bring along your furry friends. Whether you're a dog lover or a cat person, the options of having pets make this condo even more appealing. Additionally, you can feel comfortable knowing that the community encourages a friendly atmosphere, where everyone can enjoy their living space to the fullest.

Next

Amenities Description

Living here comes with the joy of pet-friendly policies, allowing you to bring along your furry friends. Whether you're a dog lover or a cat person, the options of having pets make this condo even more appealing. Additionally, you can feel comfortable knowing that the community encourages a friendly atmosphere, where everyone can enjoy their living space to the fullest.

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)
1338 S Federal St$343/sqft.$4 /sqft.
The Prairie Terrace Homes$343/sqft.$4 /sqft.
1328 S Federal St$346/sqft.$4 /sqft.
The Prairie Terrace Homes$346/sqft.$4 /sqft.
1315 S Plymouth Ct$384/sqft.$12 /sqft.
Newgate Square$384/sqft.$12 /sqft.

Nearby Schools

1338 S Federal St is situated close to local schools in South Loop / Near South Side, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.15 miles away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|0.31 miles away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|0.49 miles away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|0.58 miles away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|0.61 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|0.84 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
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Description

1338 S Federal St is situated close to local schools in South Loop / Near South Side, Chicago. Nearby educational institutions within 2 miles support daily convenience. Families enjoy improved accessibility and reduced commute stress. This location promotes a family-oriented environment.

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|Less than 1 Mile Away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|Less than 1 Mile Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|Less than 1 Mile Away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|Less than 1 Mile Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|Less than 1 Mile Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|Less than 1 Mile Away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|Less than 1 Mile Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|Less than 1 Mile Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|Less than 1 Mile Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|Less than 1 Mile Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.05 Miles Away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.08 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.10 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.13 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.16 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|1.22 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.23 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|1.24 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.25 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|1.26 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.30 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|1.31 Miles Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|1.46 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|1.48 Miles Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|1.49 Miles Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|1.53 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|1.54 Miles Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|1.55 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|1.56 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|1.59 Miles Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|1.61 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.62 Miles Away

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|1.62 Miles Away

Pilsen Elementary Community Academy

D
Public|Grades PK–8
1420 W 17th St|1.73 Miles Away

Jackson a Elementary Language Academy

A+
Public|Grades KG–8
1340 W Harrison St|1.75 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–8
114 S Racine Ave|1.75 Miles Away

STEM Magnet Academy Elementary School

A-
Public|Grades KG–8
1522 W Fillmore St|1.82 Miles Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|1.82 Miles Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|1.84 Miles Away

Urban Prairie Waldorf School

--
Private|Grades PK–8
1310 S Ashland Ave|1.91 Miles Away

Urban Prairie

--
Private|Grades PK–8
1310 S Ashland Ave|1.91 Miles Away

St Therese School West

--
Private|Grades PK–8
2859 S Throop St|1.92 Miles Away

Crane Technical Preparatory High School

--
Public|Grades 12–12
|1.93 Miles Away

St Pius V School

--
Private|Grades PK–8
1919 S Ashland Ave|1.96 Miles Away

Juarez Community Academy High School

D+
Public|Grades 9–12
1450 W Cermak Rd|1.97 Miles Away

Young Magnet High School

A+
Public|Grades 7–12
211 S Laflin St|1.98 Miles Away

Simpson Academy High School for Young Women

--
Public|Grades 6–12
1321 S Paulina St|1.99 Miles Away

Acero Charter School Network - Bartolome de las Casas

D
Public|Grades KG–8
1641 W 16th St|1.99 Miles Away

Transit

1338 S Federal St is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1100 S Columbus (Pedestrian Underpass)

0.57 miles away|11 min walk

1440 S Indiana

0.4 miles away|8 min walk

18th St.

0.75 miles away|15 min walk

18th Street & Ashland

1.92 miles away|37 min walk

18th Street & Blue Island

1.67 miles away|32 min walk

18th Street & Carpenter

1.28 miles away|25 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

1338 S Federal St is surrounded by public transit options designed for efficient city travel. Transportation access within a 2-mile radius ensures reliable connections across Chicago. Residents benefit from flexible commuting options and reduced travel stress. This well-connected setting supports modern urban lifestyles.

1100 S Columbus (Pedestrian Underpass)

0.57 miles away|11 min walk

1440 S Indiana

0.4 miles away|8 min walk

18th St.

0.75 miles away|15 min walk

18th Street & Ashland

1.92 miles away|37 min walk

18th Street & Blue Island

1.67 miles away|32 min walk

18th Street & Carpenter

1.28 miles away|25 min walk

18th Street & Halsted

0.98 miles away|19 min walk

18th Street & Laflin

1.8 miles away|35 min walk

18th Street & Peoria

1.06 miles away|21 min walk

18th Street & Racine

1.44 miles away|28 min walk

18th Street & Sangamon

1.12 miles away|22 min walk

18th Street & Throop

1.55 miles away|30 min walk

2300 S Halsted

1.28 miles away|25 min walk

25th Street & Michigan

1.26 miles away|25 min walk

26th Street & Indiana

1.37 miles away|27 min walk

26th Street & King Drive

1.44 miles away|28 min walk

26th Street & Normal

1.42 miles away|28 min walk

26th Street & Prairie

1.39 miles away|27 min walk

27th St.

1.65 miles away|32 min walk

2800 S King Drive

1.6 miles away|31 min walk

3000 S King Drive

1.8 miles away|35 min walk

3000 S Michigan

1.7 miles away|33 min walk

3000 S Wentworth

1.71 miles away|33 min walk

31st Street & Canal

1.87 miles away|36 min walk

31st Street & Giles

1.88 miles away|37 min walk

31st Street & King Drive

1.91 miles away|37 min walk

31st Street & Michigan

1.84 miles away|36 min walk

31st Street & Rhodes

2 miles away|39 min walk

31st Street & Union

1.97 miles away|38 min walk

31st Street & Wallace

1.93 miles away|37 min walk

31st Street & Wells

1.83 miles away|36 min walk

3200 S Wentworth

1.95 miles away|38 min walk

320 N LaSalle

1.65 miles away|32 min walk

321 N LaSalle

1.65 miles away|32 min walk

327 W Roosevelt

0.35 miles away|7 min walk

333 S Franklin Street (Chicago)

0.9 miles away|18 min walk

350 S. Clark Street (Chicago)

0.88 miles away|17 min walk

530 W Grand

1.96 miles away|38 min walk

900 W Harrison

1.2 miles away|23 min walk

900 W Roosevelt

1.02 miles away|20 min walk

900 W Taylor

1.03 miles away|20 min walk

Adams & Canal

1.13 miles away|22 min walk

Adams & Clark

1.02 miles away|20 min walk

Adams & State

1.03 miles away|20 min walk

Adams & S. Wacker

1.07 miles away|21 min walk

Adams & Wabash

1.05 miles away|21 min walk

Adams/Wabash

1.04 miles away|20 min walk

Adams & Wells

1.04 miles away|20 min walk

AM Michigan & Randolph (Chicago)

1.4 miles away|27 min walk

Archer & 23rd Place

1.12 miles away|22 min walk

The Neighbourhood: South Loop / Near South Side

South Loop / Near South Side sits along Chicago's lakefront near major parks and museums. This district contains outdoor places like Grant Park, Millennium Park, and the Museum Campus. Museums include the Field Museum, Shedd Aquarium, and Adler Planetarium. Navy Pier provides rides and family attractions on the water. Restaurants such as Lou Malnati's, Giordano's, Portillo's, and The Gage serve a range of food. Buddy Guy's Legends and many bars host live music and late night gatherings. Soldier Field hosts sports and large events for the city. McCormick Place handles big conventions and trade shows. Parks and the lakefront trail invite walking, running, and biking. Trains and buses provide quick links to the Loop through Roosevelt station and CTA lines. Metra and regional buses connect visitors to suburbs and nearby towns. Small shops and office towers mix with apartments in many blocks. This district shows a dense urban form with a blend of jobs and homes. Data shows that the most common age group falls between 25 to 29 years old. Households with 1 person make up the largest part of the local population.

Next

Neighbourhood Description

South Loop / Near South Side sits along Chicago's lakefront near major parks and museums. This district contains outdoor places like Grant Park, Millennium Park, and the Museum Campus. Museums include the Field Museum, Shedd Aquarium, and Adler Planetarium. Navy Pier provides rides and family attractions on the water. Restaurants such as Lou Malnati's, Giordano's, Portillo's, and The Gage serve a range of food. Buddy Guy's Legends and many bars host live music and late night gatherings. Soldier Field hosts sports and large events for the city. McCormick Place handles big conventions and trade shows. Parks and the lakefront trail invite walking, running, and biking. Trains and buses provide quick links to the Loop through Roosevelt station and CTA lines. Metra and regional buses connect visitors to suburbs and nearby towns. Small shops and office towers mix with apartments in many blocks. This district shows a dense urban form with a blend of jobs and homes. Data shows that the most common age group falls between 25 to 29 years old. Households with 1 person make up the largest part of the local population.

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1338 S Federal St Demographics

Age Demographics

0–14 Years

9.27%

15–29 Years

25.97%

30–44 Years

33.41%

45–59 Years

16.7%

60+ Years

14.66%

Commute

25.14%

Transit

15.43%

Walk

36.73%

Drive

2.33%

Bike

Housing Ownership

44.01%

Owner Occupied

55.99%

Rental Units

Household Types

Single Family
11.56%
Multi Family
1%
Single Person
52.47%
Multi Person
47.53%

Average Income

Household:$9,097,218.05 /yr

Individual:$7,683,038.93 /yr

Education

Bachelors Degree33.39%
High School College4.93%
Diploma3.88%
Post Graduate41.68%
Others16.12%
Next

Education

Diploma3.88%
Post Graduate41.68%
Others16.12%
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  2. /Chicago, IL
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    1338 S Federal St
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Paul Ambrogio

Serving Chicago and all of Northern IL

13300 IL RT 47

Huntley, Illinois 60142

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