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  5. Penthouse Lofts
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Penthouse Lofts

1550 S Indiana Avenue, Chicago, IL, 60605

YEAR BUILT

# STORIES

6

# TOTAL UNITS

39

UNIT SIZE RANGE

1,496-1,596 sqft

Description

Penthouse Lofts is situated at 1550 S Indiana Avenue in Chicago. This high-rise building has 6 stories and includes 39 units in total, giving plenty of options for potential residents. The units range in size from 1,496 to 1,596 square feet. The prices for units here fall between $395,000 and $405,000. The average price per square foot stands at around $322. In the past year, the lowest sold price was approximately $265,000. These figures suggest a solid demand for living space in this area. On average, units stay on the market for about 70 days. This timeframe allows buyers a good chance to explore their options without rushing. Inside, residents can enjoy a variety of amenities, including a sundeck, exercise room, and party room. The building also benefits from valet services and an elevator, adding to the overall comfort. Nearby, residents can access local parks and bike trails for outdoor activities. Convenience is enhanced with several markets close by. Greenleaf Food Market, A-1 Achievement Tutors, and A I M E Inc are within easy reach. Living here offers a blend of comfort and community while providing access to local attractions. The location is also just a short drive from nearby water bodies. This makes it appealing for those who enjoy the outdoors.

Building ImageMLS ID #12292539
Building ImageMLS ID #12161081
Building Image
Building ImageView Listing

Penthouse Lofts

1550 S Indiana Avenue, Chicago, IL, 60605

YEAR BUILT

# STORIES

6

# TOTAL UNITS

39

UNIT SIZE RANGE

1,496-1,596 sqft

Description

Penthouse Lofts is situated at 1550 S Indiana Avenue in Chicago. This high-rise building has 6 stories and includes 39 units in total, giving plenty of options for potential residents. The units range in size from 1,496 to 1,596 square feet. The prices for units here fall between $395,000 and $405,000. The average price per square foot stands at around $322. In the past year, the lowest sold price was approximately $265,000. These figures suggest a solid demand for living space in this area. On average, units stay on the market for about 70 days. This timeframe allows buyers a good chance to explore their options without rushing. Inside, residents can enjoy a variety of amenities, including a sundeck, exercise room, and party room. The building also benefits from valet services and an elevator, adding to the overall comfort. Nearby, residents can access local parks and bike trails for outdoor activities. Convenience is enhanced with several markets close by. Greenleaf Food Market, A-1 Achievement Tutors, and A I M E Inc are within easy reach. Living here offers a blend of comfort and community while providing access to local attractions. The location is also just a short drive from nearby water bodies. This makes it appealing for those who enjoy the outdoors.

Next

Description

Penthouse Lofts is situated at 1550 S Indiana Avenue in Chicago. This high-rise building has 6 stories and includes 39 units in total, giving plenty of options for potential residents. The units range in size from 1,496 to 1,596 square feet. The prices for units here fall between $395,000 and $405,000. The average price per square foot stands at around $322. In the past year, the lowest sold price was approximately $265,000. These figures suggest a solid demand for living space in this area. On average, units stay on the market for about 70 days. This timeframe allows buyers a good chance to explore their options without rushing. Inside, residents can enjoy a variety of amenities, including a sundeck, exercise room, and party room. The building also benefits from valet services and an elevator, adding to the overall comfort. Nearby, residents can access local parks and bike trails for outdoor activities. Convenience is enhanced with several markets close by. Greenleaf Food Market, A-1 Achievement Tutors, and A I M E Inc are within easy reach. Living here offers a blend of comfort and community while providing access to local attractions. The location is also just a short drive from nearby water bodies. This makes it appealing for those who enjoy the outdoors.

Penthouse Lofts Market Stats Last 12 months

Avg. Listed Price-
Avg. Sale Price$265,000($322/Sqft.)
Year over year list price0.00%
Year over year sale priceDown Arrow 18.25%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market70 days
Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list price0.00%
Year over year sale priceDown Arrow18.25%
Total Listings0 Listed
Total sold1 Sold
Average Days on Market70 days
Average HOA fees per sqft$3 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Medium
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

Penthouse Lofts Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 403403130022362024-05-17
MLS#: 12002465 		Closed$395,000
Unit 608608130022422022-04-28
MLS#: 11349480 		Closed$395,000
Unit 604604-22372020-02-27
MLS#: 10603995 		Closed$405,000
Unit 403
403

2 Beds

2 Baths

1300 sqft

DateStatusPrice
2024-05-17Closed$395,000
MLS#: 12002465
Days On Market36
Unit 604
604

2 Beds

2 Baths

0 sqft

DateStatusPrice
2020-02-27Closed$405,000
MLS#: 10603995
Days On Market37
Unit 608
608

2 Beds

2 Baths

1300 sqft

DateStatusPrice
2022-04-28Closed$395,000
MLS#: 11349480
Days On Market42
View Complete Unit Listing HistorySource By: MRED

Amenities

What truly enhances life at Penthouse Lofts are the amazing amenities tailored just for you. Imagine starting your day in the state-of-the-art exercise room before heading to work or meeting friends at the nearby park. You’ll also appreciate the convenience of a service elevator and valet cleaning services. On those sunny afternoons, take advantage of the sundeck or host your friends in the party room for memorable get-togethers. There's even a bike room for those who prefer two wheels over four. Convenience and fun blend seamlessly here!

Next

Amenities Description

What truly enhances life at Penthouse Lofts are the amazing amenities tailored just for you. Imagine starting your day in the state-of-the-art exercise room before heading to work or meeting friends at the nearby park. You’ll also appreciate the convenience of a service elevator and valet cleaning services. On those sunny afternoons, take advantage of the sundeck or host your friends in the party room for memorable get-togethers. There's even a bike room for those who prefer two wheels over four. Convenience and fun blend seamlessly here!

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

Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Security Door Lock(s)

Security Door Lock(s)

Sundeck

Sundeck

Patio

Patio

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

Relax knowing that Penthouse Lofts offers a pet-friendly atmosphere, perfect for dog and cat lovers alike. However, there are a few guidelines in place, including limits on household size and type. It's always wise to know these during your search to ensure your living situation aligns with your lifestyle.

Pet Allowed
Check
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)
Penthouse Lofts$322/sqft.$3 /sqft.
1550 S Indiana St$322/sqft.$3 /sqft.
1601 S Michigan Avenue$298/sqft.$3 /sqft.
Lakeside Tower Condominiums$360/sqft.$3 /sqft.
1600 S Indiana Ave$375/sqft.$3 /sqft.
1525 S Michigan Ave$287/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to Penthouse Lofts.

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|0.36 miles away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|0.54 miles away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.7 miles away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|0.91 miles away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.04 miles away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.09 miles away
Next

Schools

Daystar Academy

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

Perspectives Charter - Joslin Campus

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

South Loop Elementary School

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

National Teachers Elementary Academy

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

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.04 Miles Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.09 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|1.12 Miles Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|1.19 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|1.24 Miles Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.25 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.48 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.57 Miles Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|1.64 Miles Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|1.77 Miles Away

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|1.79 Miles Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|1.80 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.81 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.84 Miles Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|1.85 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.93 Miles Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|1.97 Miles Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|1.97 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|2.05 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|2.06 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|2.08 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|2.16 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|2.25 Miles Away

Pershing Elementary Magnet School

D+
Public|Grades PK–8
3200 S Calumet Ave|2.30 Miles Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|2.33 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|2.34 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|2.35 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|2.39 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|2.43 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|2.48 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|2.55 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|2.58 Miles Away

St Therese School West

--
Private|Grades PK–8
2859 S Throop St|2.64 Miles Away

Yccs-Youth Connection Leadership Academy

--
Public|Grades 9–12
3424 S State St|2.64 Miles Away

De la Salle Institute - Institute Campus

--
Private|Grades 9–12
3434 S Michigan Av...|2.69 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

1440 S Indiana

0.19 miles away|4 min walk

18th St.

0.4 miles away|8 min walk

1100 S Columbus (Pedestrian Underpass)

0.83 miles away|16 min walk

327 W Roosevelt

1.08 miles away|21 min walk

25th Street & Michigan

1.22 miles away|24 min walk

26th Street & Indiana

1.38 miles away|27 min walk
Next

Transit

1440 S Indiana

0.19 miles away|4 min walk

18th St.

0.4 miles away|8 min walk

1100 S Columbus (Pedestrian Underpass)

0.83 miles away|16 min walk

327 W Roosevelt

1.08 miles away|21 min walk

25th Street & Michigan

1.22 miles away|24 min walk

26th Street & Indiana

1.38 miles away|27 min walk

26th Street & Prairie

1.39 miles away|27 min walk

26th Street & King Drive

1.42 miles away|28 min walk

2800 S King Drive

1.64 miles away|32 min walk

350 S. Clark Street (Chicago)

1.66 miles away|32 min walk

27th St.

1.66 miles away|32 min walk

18th Street & Halsted

1.67 miles away|32 min walk

333 S Franklin Street (Chicago)

1.75 miles away|34 min walk

Adams/Wabash

1.77 miles away|34 min walk

Adams & Wabash

1.78 miles away|35 min walk

18th Street & Peoria

1.78 miles away|35 min walk

Adams & State

1.79 miles away|35 min walk

26th Street & Normal

1.83 miles away|36 min walk

Adams & Clark

1.84 miles away|36 min walk

3000 S Michigan

1.86 miles away|36 min walk

2300 S Halsted

1.86 miles away|36 min walk

18th Street & Sangamon

1.87 miles away|36 min walk

Adams & Wells

1.91 miles away|37 min walk

3000 S King Drive

1.93 miles away|37 min walk

900 W Roosevelt

1.93 miles away|37 min walk

900 W Taylor

1.97 miles away|38 min walk

Adams & S. Wacker

1.99 miles away|39 min walk

3000 S Wentworth

2.02 miles away|39 min walk

31st Street & Michigan

2.06 miles away|40 min walk

31st Street & Giles

2.06 miles away|40 min walk

Adams & Canal

2.08 miles away|40 min walk

31st Street & King Drive

2.08 miles away|40 min walk

18th Street & Carpenter

2.09 miles away|41 min walk

31st Street & Rhodes

2.16 miles away|42 min walk

31st Street & Wells

2.18 miles away|42 min walk

900 W Harrison

2.22 miles away|43 min walk

31st Street Beach

2.26 miles away|44 min walk

31st Street & Canal

2.31 miles away|45 min walk

18th Street & Racine

2.31 miles away|45 min walk

3200 S Wentworth

2.32 miles away|45 min walk

31st Street & Wallace

2.45 miles away|48 min walk

18th Street & Throop

2.48 miles away|48 min walk

31st Street & Union

2.54 miles away|49 min walk

33rd Place & Rhodes

2.55 miles away|49 min walk

3400 S State

2.58 miles away|50 min walk

33rd Place & Cottage Grove

2.62 miles away|51 min walk

31st Street & Halsted

2.64 miles away|51 min walk

18th Street & Blue Island

2.64 miles away|51 min walk

321 N LaSalle

2.68 miles away|52 min walk

320 N LaSalle

2.68 miles away|52 min walk

The Neighbourhood: Penthouse Lofts

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

Next

Neighbourhood Description

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

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Penthouse Lofts Demographics

Age Demographics

0–14 Years

9.92%

15–29 Years

23.53%

30–44 Years

32.93%

45–59 Years

17.69%

60+ Years

15.93%

Commute

26.29%

Transit

12.61%

Walk

38.98%

Drive

2.49%

Bike

Housing Ownership

44.72%

Owner Occupied

55.28%

Rental Units

Household Types

Single Family
11.95%
Multi Family
1.04%
Single Person
53.07%
Multi Person
46.93%

Average Income

Household:$8,598,963.09 /yr

Individual:$7,873,301.69 /yr

Education

Bachelors Degree32.68%
High School College4.83%
Diploma3.79%
Post Graduate42.06%
Others16.64%
Next

Education

Diploma3.79%
Post Graduate42.06%
Others16.64%
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