306/1601 S Michigan Ave

Chicago IL 60616

Condo

Last sold for $275,000

Josh Reighard, last sold this property on 04 December 2025 after 49 days on market.

Overview

Welcome to this light-filled 1 bed, 1 bath condo in the vibrant heart of the South Loop! Enjoy stunning skyline views through oversized windows that fill the open-concept layout with natural light. The spacious living area features a gas log fireplace for cozy evenings, and the adjoining dining area easily accommodates a large table-or can be used as a flexible office space to suit your lifestyle. The kitchen is outfitted with granite countertops, stainless steel appliances, a breakfast bar, and rich cabinetry. The oversized bedroom includes a generous walk-in closet, and beautiful hardwood floors flow throughout the unit. In-unit washer & dryer provide added convenience. Step out onto your private balcony-perfect for relaxing or entertaining during warmer months. Additional basement storage locker and a deeded outdoor parking space are both included in the price-a rare find in this neighborhood! The building also offers guest parking. Walk to everything the South Loop has to offer: the lakefront, Museum Campus, Grant Park, local restaurants, groceries, and public transportation. Move-in ready and perfectly located!

Features

1 bedroom

1 bathroom

1 carspace

Condo

Estimated Value

Based on this property and similar 1 bedroom condos sold in Chicago over the last 12 months, the estimated median property value of 306/1601 S Michigan Ave is $250k.

Median value

$250k

Estimated value range

$100k - $375k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Chicago. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 306/1601 S Michigan Ave

2025

Sold

$275,000

04 Dec 2025 by Josh Reighard, of Baird & Warner

2023

Sold

$257,500

08 Aug 2023 by Karen Stierwalt, of @properties Christie's International Real Estate

2019

Sold

$235,000

17 Dec 2019 by Brian Bishop, of Century 21 S.G.R., Inc.

Happy sellers in Chicago

We have insufficient information to provide an overview of customer satisfaction for Chicago. Viewing the agent profiles, reviews and sales for Chicago can provide insights for this location.