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  5. 1601 S Michigan Ave
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1601 S Michigan Ave

1601 S Michigan Avenue, Chicago, IL, 60616

YEAR BUILT

1925

# STORIES

6

# TOTAL UNITS

41

UNIT SIZE RANGE

720-1,970 sqft

Description

The building sits at the corner of 1601 S Michigan Ave in Chicago. It is a six-story high-rise built in 1925. This structure includes 40 units, which provide a variety of living options. The unit sizes range from 720 to 1,970 square feet. Prices for recent sales in this building have been between $525,000 and $535,000. The average price of units closed in the last 12 months is around $229,000. This pricing offers buyers options for different budgets and preferences. The average days on market are about 66, giving potential buyers time to explore their choices. Units in the building offer some reliable features, such as exposed brick and hardwood floors. High ceilings create an open feel in each space. In-unit washer/dryers add to the comfort. Additional amenities include a laundry room, receiving room, and elevators. Living here provides easy access to nearby businesses. Guest parking ensures convenient visits. The location near Soldier Field offers plenty of entertainment options. Dining near the area includes various restaurants, and public transportation is very accessible. Being close to Lake Michigan enhances the appeal of this building. A resident can enjoy outdoor activities in nearby parks. Overall, this area has a vibrant community feel. It’s a great option for those seeking a lively urban life in Chicago.

Building ImageMLS ID #12286439
Building ImageMLS ID #12254259
Building Image
Building ImageView Listing

1601 S Michigan Ave

1601 S Michigan Avenue, Chicago, IL, 60616

YEAR BUILT

1925

# STORIES

6

# TOTAL UNITS

41

UNIT SIZE RANGE

720-1,970 sqft

Description

The building sits at the corner of 1601 S Michigan Ave in Chicago. It is a six-story high-rise built in 1925. This structure includes 40 units, which provide a variety of living options. The unit sizes range from 720 to 1,970 square feet. Prices for recent sales in this building have been between $525,000 and $535,000. The average price of units closed in the last 12 months is around $229,000. This pricing offers buyers options for different budgets and preferences. The average days on market are about 66, giving potential buyers time to explore their choices. Units in the building offer some reliable features, such as exposed brick and hardwood floors. High ceilings create an open feel in each space. In-unit washer/dryers add to the comfort. Additional amenities include a laundry room, receiving room, and elevators. Living here provides easy access to nearby businesses. Guest parking ensures convenient visits. The location near Soldier Field offers plenty of entertainment options. Dining near the area includes various restaurants, and public transportation is very accessible. Being close to Lake Michigan enhances the appeal of this building. A resident can enjoy outdoor activities in nearby parks. Overall, this area has a vibrant community feel. It’s a great option for those seeking a lively urban life in Chicago.

Next

Description

The building sits at the corner of 1601 S Michigan Ave in Chicago. It is a six-story high-rise built in 1925. This structure includes 40 units, which provide a variety of living options. The unit sizes range from 720 to 1,970 square feet. Prices for recent sales in this building have been between $525,000 and $535,000. The average price of units closed in the last 12 months is around $229,000. This pricing offers buyers options for different budgets and preferences. The average days on market are about 66, giving potential buyers time to explore their choices. Units in the building offer some reliable features, such as exposed brick and hardwood floors. High ceilings create an open feel in each space. In-unit washer/dryers add to the comfort. Additional amenities include a laundry room, receiving room, and elevators. Living here provides easy access to nearby businesses. Guest parking ensures convenient visits. The location near Soldier Field offers plenty of entertainment options. Dining near the area includes various restaurants, and public transportation is very accessible. Being close to Lake Michigan enhances the appeal of this building. A resident can enjoy outdoor activities in nearby parks. Overall, this area has a vibrant community feel. It’s a great option for those seeking a lively urban life in Chicago.

1601 S Michigan Ave Key Stats Last 12 months

Avg. Listed Price$308,267($262/Sqft.)
Avg. Sale Price$252,000
Year over year list priceUp Arrow1.25%
Year over year sale priceDown Arrow 22.21%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market58 days
Average HOA fees per sqft-
Next

Key Stats

Year over year list priceUp Arrow1.25%
Year over year sale priceDown Arrow22.21%
Total Listings3 Listed
Total sold2 Sold
Average Days on Market58 days
Average HOA fees per sqft-

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 Ave Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 602602197033982023-11-08
MLS#: 11847117 		Closed$535,000
Unit 605605170022612022-07-25
MLS#: 11414500 		Closed$525,000
Unit 6026021970331642015-03-27
MLS#: 08752981 		Closed$460,000
Unit 602
602

3 Beds

3 Baths

1970 sqft

DateStatusPrice
2023-11-08Closed$535,000
MLS#: 11847117
Days On Market98
Unit 602
602

3 Beds

3 Baths

1970 sqft

DateStatusPrice
2015-03-27Closed$460,000
MLS#: 08752981
Days On Market164
Unit 605
605

2 Beds

2 Baths

1700 sqft

DateStatusPrice
2022-07-25Closed$525,000
MLS#: 11414500
Days On Market61
View Complete Unit Listing HistorySource By: MRED

Amenities

A keen advantage of living in this building is the array of amenities that enhance your lifestyle. Need to transport your groceries or luggage? The service elevators get the job done. There’s a regular elevator available for swift access throughout the six stories, and laundry facilities are on-site, making weekend chores a breeze. If you love biking, you’ll appreciate the convenient bike room and nearby trails. For those who frequently receive packages, the receiving room is a thoughtful touch. These features blend convenience with a community feel, perfect for anyone starting their home journey.

Next

Amenities Description

A keen advantage of living in this building is the array of amenities that enhance your lifestyle. Need to transport your groceries or luggage? The service elevators get the job done. There’s a regular elevator available for swift access throughout the six stories, and laundry facilities are on-site, making weekend chores a breeze. If you love biking, you’ll appreciate the convenient bike room and nearby trails. For those who frequently receive packages, the receiving room is a thoughtful touch. These features blend convenience with a community feel, perfect for anyone starting their home journey.

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)

Laundry

Laundry

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Balcony

Balcony

Policies

You’ll be pleased to know that 1601 S Michigan Ave welcomes furry friends! Cats and dogs are allowed here, but there are some limits on the number of pets. It’s an inviting policy that makes this place even more appealing for pet owners looking to bring their companions along on this exciting new adventure.

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 Ave--
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.

Nearby Schools

1601 S Michigan Ave is located in a school-accessible area of South Loop / Near South Side, Chicago. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and family-friendly lifestyle.

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|0.24 miles away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|0.36 miles away

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.53 miles away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|0.63 miles away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|0.74 miles away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|0.77 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

1601 S Michigan Ave is located in a school-accessible area of South Loop / Near South Side, Chicago. Nearby schools within a 2-mile radius simplify daily schedules. Families benefit from convenient education access. This location promotes a balanced and family-friendly lifestyle.

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...|Less than 1 Mile Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd 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

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|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|1.12 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.14 Miles Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|1.18 Miles Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|1.29 Miles Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|1.30 Miles Away

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|1.30 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.31 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.34 Miles Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|1.34 Miles Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|1.42 Miles Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|1.44 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.46 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|1.50 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.55 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.57 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|1.59 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|1.65 Miles Away

Pershing Elementary Magnet School

D+
Public|Grades PK–8
3200 S Calumet Ave|1.69 Miles Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|1.69 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|1.73 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.75 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|1.75 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|1.82 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|1.84 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|1.87 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|1.89 Miles Away

St Therese School West

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

Yccs-Youth Connection Leadership Academy

--
Public|Grades 9–12
3424 S State St|1.93 Miles Away

De la Salle Institute - Institute Campus

--
Private|Grades 9–12
3434 S Michigan Av...|1.97 Miles Away

Transit

Set in South Loop / Near South Side, 1601 S Michigan Ave provides residents with convenient access to public transit across Chicago. Multiple Bus, Rail, Metro are available within 2 miles, offering seamless daily travel options. Efficient transit connections support work, education, and lifestyle needs. This transit-rich area contributes to a balanced and connected living experience.

1100 S Columbus (Pedestrian Underpass)

0.65 miles away|13 min walk

1440 S Indiana

0.18 miles away|4 min walk

18th St.

0.31 miles away|6 min walk

18th Street & Blue Island

1.93 miles away|38 min walk

18th Street & Carpenter

1.52 miles away|30 min walk

18th Street & Halsted

1.21 miles away|24 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Set in South Loop / Near South Side, 1601 S Michigan Ave provides residents with convenient access to public transit across Chicago. Multiple Bus, Rail, Metro are available within 2 miles, offering seamless daily travel options. Efficient transit connections support work, education, and lifestyle needs. This transit-rich area contributes to a balanced and connected living experience.

1100 S Columbus (Pedestrian Underpass)

0.65 miles away|13 min walk

1440 S Indiana

0.18 miles away|4 min walk

18th St.

0.31 miles away|6 min walk

18th Street & Blue Island

1.93 miles away|38 min walk

18th Street & Carpenter

1.52 miles away|30 min walk

18th Street & Halsted

1.21 miles away|24 min walk

18th Street & Peoria

1.29 miles away|25 min walk

18th Street & Racine

1.69 miles away|33 min walk

18th Street & Sangamon

1.36 miles away|27 min walk

18th Street & Throop

1.82 miles away|35 min walk

2300 S Halsted

1.34 miles away|26 min walk

25th Street & Michigan

0.88 miles away|17 min walk

26th Street & Indiana

1 miles away|20 min walk

26th Street & King Drive

1.03 miles away|20 min walk

26th Street & Normal

1.32 miles away|26 min walk

26th Street & Prairie

1.01 miles away|20 min walk

27th St.

1.22 miles away|24 min walk

2800 S King Drive

1.2 miles away|23 min walk

3000 S King Drive

1.41 miles away|27 min walk

3000 S Michigan

1.35 miles away|26 min walk

3000 S Wentworth

1.46 miles away|29 min walk

31st Street Beach

1.67 miles away|33 min walk

31st Street & Canal

1.68 miles away|33 min walk

31st Street & Giles

1.51 miles away|29 min walk

31st Street & Halsted

1.92 miles away|37 min walk

31st Street & King Drive

1.53 miles away|30 min walk

31st Street & Michigan

1.5 miles away|29 min walk

31st Street & Rhodes

1.59 miles away|31 min walk

31st Street & Throop

2 miles away|39 min walk

31st Street & Union

1.85 miles away|36 min walk

31st Street & Wallace

1.78 miles away|35 min walk

31st Street & Wells

1.58 miles away|31 min walk

3200 S Wentworth

1.69 miles away|33 min walk

327 W Roosevelt

0.8 miles away|16 min walk

333 S Franklin Street (Chicago)

1.31 miles away|26 min walk

33rd Place & Cottage Grove

1.93 miles away|37 min walk

33rd Place & Rhodes

1.88 miles away|36 min walk

3400 S State

1.89 miles away|37 min walk

350 S. Clark Street (Chicago)

1.25 miles away|24 min walk

35-Bronzeville-IIT

1.97 miles away|38 min walk

35th-Bronzeville-IIT

1.97 miles away|38 min walk

900 W Harrison

1.64 miles away|32 min walk

900 W Roosevelt

1.42 miles away|28 min walk

900 W Taylor

1.45 miles away|28 min walk

Adams & Canal

1.56 miles away|30 min walk

Adams & Clark

1.39 miles away|27 min walk

Adams & State

1.36 miles away|26 min walk

Adams & S. Wacker

1.49 miles away|29 min walk

Adams & Wabash

1.35 miles away|26 min walk

Adams/Wabash

1.34 miles away|26 min walk

The Neighbourhood: South Loop / Near South Side

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 Ave Demographics

Age Demographics

0–14 Years

9.97%

15–29 Years

23.38%

30–44 Years

32.8%

45–59 Years

17.8%

60+ Years

16.05%

Commute

26.31%

Transit

12.43%

Walk

39.18%

Drive

2.5%

Bike

Housing Ownership

44.79%

Owner Occupied

55.21%

Rental Units

Household Types

Single Family
12.03%
Multi Family
1.07%
Single Person
53.02%
Multi Person
46.98%

Average Income

Household:$8,515,806.15 /yr

Individual:$7,782,932.5 /yr

Education

Bachelors Degree32.56%
High School College4.94%
Diploma3.77%
Post Graduate41.85%
Others16.88%
Next

Education

Diploma3.77%
Post Graduate41.85%
Others16.88%
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    1601 S Michigan Ave
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