Michigan Avenue Tower 1 1250 S Michigan Ave Unit 2802 Chicago, IL 60605
South Loop NeighborhoodEstimated payment $12,494/month
Total Views
820
4
Beds
3.5
Baths
3,035
Sq Ft
$354
Price per Sq Ft
Highlights
- Doorman
- 3-minute walk to Roosevelt Station (Green, Orange Lines)
- Lock-and-Leave Community
- Water Views
- Fitness Center
- 4-minute walk to Daniel Webster Park
About This Home
Positioned on the coveted southeast corner of an exclusive high-rise, this extraordinary penthouse offers over 3,000 square feet of luxurious living-all on a single level-and is a true rarity in the city. A standout for its exceptional indoor-outdoor flow, this home boasts three private outdoor spaces, including a stunning 720 sq ft wrap-around terrace that extends from the kitchen, living, and dining areas with sweeping east and south exposures, plus north and west views that capture both iconic lake and skyline vistas. Inside, the residence has been thoughtfully reimagined by the current owners with a designer-renovated kitchen featuring custom cabinetry, a high-end appliance suite including a SubZero refrigerator and Wolf range, a spacious peninsula for entertaining, and an intimate in-kitchen dining area-perfect for everyday luxury. The open-concept layout flows seamlessly into the expansive living and dining rooms, enhanced by floor-to-ceiling windows, elegant crown molding, hardwood floors all flooded with beautiful natural light. Offering four generously sized bedrooms-each with access to an outdoor space-this home is ideal for both privacy and connection. The primary suite rivals those found in single-family homes, with ample room for a seating area and home gym, two custom walk-in closets, plush new carpeting, and a spa-caliber ensuite with dual vanities, a soaking tub, and a separate walk-in shower. Additional highlights include a fully built-out mudroom area near the second entry with abundant storage, black out roller shades in all bedrooms, and upgraded designer lighting throughout. Every detail has been curated for both function and elegance. Located just steps from Chicago's most beloved landmarks-Millennium Park, Grant Park, the Art Institute, Museum Campus, Soldier Field, the lakefront, and world-class dining-the home also offers effortless access to public transportation including train and bus lines, Lake Shore Drive, and major expressways. Two side-by-side heated garage parking spaces are available for $30k each, completing this rare offering of space, light, location, and unmatched outdoor living in the heart of the city.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $37,506
Year Built
- Built in 2005 | Remodeled in 2014
Lot Details
- Additional Parcels
HOA Fees
- $3,414 Monthly HOA Fees
Parking
- 2 Car Garage
Home Design
- Brick Exterior Construction
Interior Spaces
- 3,035 Sq Ft Home
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Breakfast Room
- Storage
- Water Views
Kitchen
- Range Hood
- <<microwave>>
- Dishwasher
- Wine Refrigerator
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- Walk-In Closet
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
Outdoor Features
- Balcony
- Deck
- Patio
- Terrace
Schools
- South Loop Elementary School
- Phillips Academy High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include water, parking, insurance, security, tv/cable, pool, exterior maintenance, lawn care, scavenger, snow removal, internet
- 228 Units
- High-Rise Condominium
- Property managed by FS Residential
- Lock-and-Leave Community
- 29-Story Property
Amenities
- Doorman
- Sundeck
- Common Area
- Party Room
- Elevator
- Service Elevator
- Package Room
- Community Storage Space
Recreation
- Fitness Center
- Community Pool
- Bike Trail
Pet Policy
- Pets up to 100 lbs
- Limit on the number of pets
- Pet Size Limit
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
- Fire Sprinkler System
Map
About Michigan Avenue Tower 1
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,708 | $169,123 | $10,975 | $158,148 |
| 2023 | $34,782 | $172,001 | $8,831 | $163,170 |
| 2022 | $34,782 | $172,001 | $8,831 | $163,170 |
| 2021 | $34,019 | $171,999 | $8,830 | $163,169 |
| 2020 | $28,415 | $130,656 | $7,253 | $123,403 |
| 2019 | $31,796 | $161,689 | $7,253 | $154,436 |
| 2018 | $31,260 | $161,689 | $7,253 | $154,436 |
| 2017 | $25,707 | $122,792 | $5,992 | $116,800 |
| 2016 | $24,094 | $122,792 | $5,992 | $116,800 |
| 2015 | $26,000 | $144,511 | $5,992 | $138,519 |
| 2014 | $19,068 | $105,339 | $5,361 | $99,978 |
| 2013 | $19,159 | $105,339 | $5,361 | $99,978 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | For Sale | $1,075,000 | +24.1% | $354 / Sq Ft |
| 04/30/2012 04/30/12 | Sold | $866,000 | +0.1% | $286 / Sq Ft |
| 03/21/2012 03/21/12 | Pending | -- | -- | -- |
| 02/07/2012 02/07/12 | For Sale | $864,900 | -- | $285 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $866,000 | Cti | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $1,590,000 | Git |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $690,000 | Credit Line Revolving | |
| Closed | $414,000 | Credit Line Revolving | |
| Closed | $413,000 | New Conventional | |
| Closed | $250,000 | Credit Line Revolving | |
| Closed | $200,000 | Credit Line Revolving | |
| Closed | $417,000 | New Conventional | |
| Previous Owner | $230,000 | Stand Alone Second | |
| Previous Owner | $960,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12413883
APN: 17-22-101-043-1223
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