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  5. 1601 S Michigan Avenue
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1601 S Michigan Avenue

1601 S Michigan Avenue, Chicago, IL, 60605

YEAR BUILT

# STORIES

6

# TOTAL UNITS

76

UNIT SIZE RANGE

1,920-2,020 sqft

Description

The building located at 1601 S Michigan Avenue in Chicago is a high-rise property with 6 stories. It consists of 76 units, providing a mix of living options. Each unit offers a size range between 1,920 and 2,020 square feet. The layout accommodates 1, 2, and 3-bedroom options. Prices for the units range from $297,000 to $300,000. The average closed price over the last year reached $394,300, which translates to about $298 per square foot. The average days on the market is 100, giving buyers a reasonable period to evaluate their choices. This building includes several amenities to enhance daily living. An elevator provides easy access to different floors. This feature is especially helpful in a high-rise setting like this one. Nearby, there are various options for groceries and dining. Shoppers can visit Greenleaf Food Market for their daily needs. Orbit offers a dining spot just a short walk away. Families may also appreciate the proximity to A I M E Inc for educational needs. The location grants good access to local roads for traveling around the city. The area is active with shops and eateries, fostering a vibrant community atmosphere. The building provides an appealing lifestyle, with many conveniences and options in the neighborhood.

Building ImageMLS ID #09325086
Building ImageMLS ID #09266452
Building Image
Building ImageView Listing

1601 S Michigan Avenue

1601 S Michigan Avenue, Chicago, IL, 60605

YEAR BUILT

# STORIES

6

# TOTAL UNITS

76

UNIT SIZE RANGE

1,920-2,020 sqft

Description

The building located at 1601 S Michigan Avenue in Chicago is a high-rise property with 6 stories. It consists of 76 units, providing a mix of living options. Each unit offers a size range between 1,920 and 2,020 square feet. The layout accommodates 1, 2, and 3-bedroom options. Prices for the units range from $297,000 to $300,000. The average closed price over the last year reached $394,300, which translates to about $298 per square foot. The average days on the market is 100, giving buyers a reasonable period to evaluate their choices. This building includes several amenities to enhance daily living. An elevator provides easy access to different floors. This feature is especially helpful in a high-rise setting like this one. Nearby, there are various options for groceries and dining. Shoppers can visit Greenleaf Food Market for their daily needs. Orbit offers a dining spot just a short walk away. Families may also appreciate the proximity to A I M E Inc for educational needs. The location grants good access to local roads for traveling around the city. The area is active with shops and eateries, fostering a vibrant community atmosphere. The building provides an appealing lifestyle, with many conveniences and options in the neighborhood.

Next

Description

The building located at 1601 S Michigan Avenue in Chicago is a high-rise property with 6 stories. It consists of 76 units, providing a mix of living options. Each unit offers a size range between 1,920 and 2,020 square feet. The layout accommodates 1, 2, and 3-bedroom options. Prices for the units range from $297,000 to $300,000. The average closed price over the last year reached $394,300, which translates to about $298 per square foot. The average days on the market is 100, giving buyers a reasonable period to evaluate their choices. This building includes several amenities to enhance daily living. An elevator provides easy access to different floors. This feature is especially helpful in a high-rise setting like this one. Nearby, there are various options for groceries and dining. Shoppers can visit Greenleaf Food Market for their daily needs. Orbit offers a dining spot just a short walk away. Families may also appreciate the proximity to A I M E Inc for educational needs. The location grants good access to local roads for traveling around the city. The area is active with shops and eateries, fostering a vibrant community atmosphere. The building provides an appealing lifestyle, with many conveniences and options in the neighborhood.

1601 S Michigan Avenue Market Stats Last 12 months

Avg. Listed Price$319,950($323/Sqft.)
Avg. Sale Price$394,300($298/Sqft.)
Year over year list priceUp Arrow0.02%
Year over year sale priceUp Arrow 0.30%
Total Listings2 Listed
Total sold3 Sold
Average Days on Market100 days
Average HOA fees per sqft$3 /monthly
Next

Market Stats

Year over year list priceUp Arrow0.02%
Year over year sale priceUp Arrow0.30%
Total Listings2 Listed
Total sold3 Sold
Average Days on Market100 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

1601 S Michigan Avenue Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 601601108011502016-10-14
MLS#: 09325086 		Closed$300,000
Unit 201201-11692016-08-31
MLS#: 09266452 		Closed$225,110
Unit 107107141022712015-05-01
MLS#: 08841964 		Closed$297,000
Unit 107
107

2 Beds

2 Baths

1410 sqft

DateStatusPrice
2015-05-01Closed$297,000
MLS#: 08841964
Days On Market71
Unit 201
201

1 Beds

1 Baths

0 sqft

DateStatusPrice
2016-08-31Closed$225,110
MLS#: 09266452
Days On Market69
Unit 601
601

1 Beds

1 Baths

1080 sqft

DateStatusPrice
2016-10-14Closed$300,000
MLS#: 09325086
Days On Market50
View Complete Unit Listing HistorySource By: MRED

Amenities

One standout amenity is the building's elevator service, which adds a touch of convenience to everyday living, especially after those grocery trips or when hosting friends. Though additional amenities weren't detailed, the community vibe makes up for it with potential for personal connections and neighborhood gatherings.

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
Next

Amenities

Elevator(s)

Elevator(s)

Security Door Lock(s)

Security Door Lock(s)

Storage

Storage

Balcony

Balcony

Policies

If you're a pet owner, you're in luck! At 1601 S Michigan Avenue, both cats and dogs are welcome. This policy not only reflects a pet-friendly mindset but helps build a friendly community where everyone feels at home.

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)
1601 S Michigan Avenue$298/sqft.$3 /sqft.
1600 S Indiana Ave$375/sqft.$3 /sqft.
Lakeside Tower Condominiums$360/sqft.$3 /sqft.
Penthouse Lofts$322/sqft.$3 /sqft.
1550 S Indiana St$322/sqft.$3 /sqft.
1631 S Michigan Avenue$331/sqft.$3 /sqft.

Nearby Schools

Discover top-rated schools located close to 1601 S Michigan Avenue.

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|0.32 miles away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|0.49 miles away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.71 miles away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|0.85 miles away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1 miles away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.04 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|Less than 1 Mile Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.04 Miles Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|1.14 Miles Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|1.14 Miles Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.20 Miles Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|1.27 Miles Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.51 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.53 Miles Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|1.59 Miles Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|1.73 Miles Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|1.75 Miles Away

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|1.75 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.76 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.80 Miles Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|1.80 Miles Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|1.92 Miles Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|1.94 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.96 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|2.01 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|2.08 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|2.11 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|2.13 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|2.22 Miles Away

Pershing Elementary Magnet School

D+
Public|Grades PK–8
3200 S Calumet Ave|2.27 Miles Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|2.28 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|2.33 Miles Away

Frances Xavier Warde School

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

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|2.35 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|2.44 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|2.47 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|2.51 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|2.54 Miles Away

St Therese School West

--
Private|Grades PK–8
2859 S Throop St|2.58 Miles Away

Yccs-Youth Connection Leadership Academy

--
Public|Grades 9–12
3424 S State St|2.60 Miles Away

De la Salle Institute - Institute Campus

--
Private|Grades 9–12
3434 S Michigan Av...|2.65 Miles Away

Transit

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

1440 S Indiana

0.24 miles away|5 min walk

18th St.

0.41 miles away|8 min walk

1100 S Columbus (Pedestrian Underpass)

0.87 miles away|17 min walk

327 W Roosevelt

1.07 miles away|21 min walk

25th Street & Michigan

1.19 miles away|23 min walk

26th Street & Indiana

1.35 miles away|26 min walk
Next

Transit

1440 S Indiana

0.24 miles away|5 min walk

18th St.

0.41 miles away|8 min walk

1100 S Columbus (Pedestrian Underpass)

0.87 miles away|17 min walk

327 W Roosevelt

1.07 miles away|21 min walk

25th Street & Michigan

1.19 miles away|23 min walk

26th Street & Indiana

1.35 miles away|26 min walk

26th Street & Prairie

1.36 miles away|27 min walk

26th Street & King Drive

1.39 miles away|27 min walk

2800 S King Drive

1.61 miles away|31 min walk

18th Street & Halsted

1.62 miles away|32 min walk

27th St.

1.65 miles away|32 min walk

350 S. Clark Street (Chicago)

1.68 miles away|33 min walk

18th Street & Peoria

1.74 miles away|34 min walk

333 S Franklin Street (Chicago)

1.77 miles away|34 min walk

26th Street & Normal

1.77 miles away|34 min walk

Adams/Wabash

1.8 miles away|35 min walk

2300 S Halsted

1.81 miles away|35 min walk

Adams & Wabash

1.81 miles away|35 min walk

3000 S Michigan

1.82 miles away|35 min walk

Adams & State

1.82 miles away|35 min walk

18th Street & Sangamon

1.83 miles away|35 min walk

Adams & Clark

1.87 miles away|36 min walk

3000 S King Drive

1.9 miles away|37 min walk

900 W Roosevelt

1.9 miles away|37 min walk

Adams & Wells

1.93 miles away|37 min walk

900 W Taylor

1.95 miles away|38 min walk

3000 S Wentworth

1.97 miles away|38 min walk

Adams & S. Wacker

2 miles away|39 min walk

31st Street & Michigan

2.02 miles away|39 min walk

31st Street & Giles

2.03 miles away|39 min walk

18th Street & Carpenter

2.05 miles away|40 min walk

31st Street & King Drive

2.06 miles away|40 min walk

Adams & Canal

2.09 miles away|41 min walk

31st Street & Wells

2.13 miles away|41 min walk

31st Street & Rhodes

2.13 miles away|41 min walk

900 W Harrison

2.21 miles away|43 min walk

31st Street Beach

2.25 miles away|44 min walk

31st Street & Canal

2.26 miles away|44 min walk

18th Street & Racine

2.27 miles away|44 min walk

3200 S Wentworth

2.27 miles away|44 min walk

31st Street & Wallace

2.4 miles away|46 min walk

18th Street & Throop

2.44 miles away|47 min walk

31st Street & Union

2.49 miles away|48 min walk

33rd Place & Rhodes

2.53 miles away|49 min walk

3400 S State

2.54 miles away|49 min walk

31st Street & Halsted

2.58 miles away|50 min walk

18th Street & Blue Island

2.6 miles away|50 min walk

33rd Place & Cottage Grove

2.6 miles away|50 min walk

35-Bronzeville-IIT

2.65 miles away|51 min walk

35th-Bronzeville-IIT

2.65 miles away|51 min walk

The Neighbourhood: 1601 S Michigan Avenue

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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1601 S Michigan Avenue Demographics

Age Demographics

0–14 Years

9.97%

15–29 Years

23.4%

30–44 Years

32.82%

45–59 Years

17.78%

60+ Years

16.04%

Commute

26.31%

Transit

12.46%

Walk

39.16%

Drive

2.5%

Bike

Housing Ownership

44.78%

Owner Occupied

55.22%

Rental Units

Household Types

Single Family
12.03%
Multi Family
1.06%
Single Person
53.02%
Multi Person
46.98%

Average Income

Household:$8,523,599.42 /yr

Individual:$7,788,907.6 /yr

Education

Bachelors Degree32.57%
High School College4.93%
Diploma3.78%
Post Graduate41.86%
Others16.86%
Next

Education

Diploma3.78%
Post Graduate41.86%
Others16.86%
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    1601 S Michigan Avenue
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