502/1601 S Michigan Ave

Chicago IL 60616

1400 sq. ft.

Condo

Last sold for $505,000

Annie Schweitzer, last sold this property on 10 April 2026 after 398 days on market.

Overview

Not your cookie cutter loft. This stunning combined 2 units to one offers 2-bedroom, 2-bathroom condo nestled in a prime Chicago South Loop. Enjoy North facing views from one of your 2 balconies in this 1,400 square feet of thoughtfully designed space, this modern midrise unit that offers a blend of contemporary updates and urban charm. Step inside to be greeted by tall ceilings that enhance the open and airy atmosphere. The fully updated kitchen is the organized chef's dream, featuring sleek stainless steel appliances, gas range, fully integrated dishwasher, and pull out pantry, all beautifully complemented by modern lighting and fixtures and oversized island. The expansive living area showcases exposed brick and a cozy fireplace, seamlessly flowing onto one of two private balconies-ideal for unwinding or entertaining guests. The massive primary bedroom is a true retreat, offering ample space and access to a private balcony, walk in closest and ensuite. Both bathrooms are elegantly appointed with modern fixtures and finishes. Hardwood floors run throughout, adding warmth and modernization to every room. Rare offering of both garage parking, and guest parking. Storage area ensures ample room for all your belongings. Deeded garage parking sold separately for $30,000. Don't miss the opportunity to make this exceptional space your own.

Features

2 bedrooms

2 bathrooms

1 carspace

1 garage space

1400 sq. ft. floor area

Condo

Estimated Value

Based on this property and similar 2 bedroom condos sold in Chicago over the last 12 months, the estimated median property value of 502/1601 S Michigan Ave is $390k.

Median value

$390k

Estimated value range

$120k - $830k

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 502/1601 S Michigan Ave

2026

Sold

$505,000

10 Apr 2026 by Annie Schweitzer, of Compass

2017

Sold

$420,000

03 Mar 2017 by Brian Bleers, 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.