Michigan Avenue Tower 1 1250 S Michigan Ave Unit 1502 Chicago, IL 60605
South Loop NeighborhoodEstimated payment $3,809/month
2
Beds
2
Baths
1,298
Sq Ft
$308
Price per Sq Ft
Highlights
- Doorman
- 3-minute walk to Roosevelt Station (Green, Orange Lines)
- Wood Flooring
- Water Views
- Fitness Center
- 4-minute walk to Daniel Webster Park
About This Home
Michigan Avenue Tower - Stunning 2 Bed / 2 Bath Corner Unit Bright and beautifully updated southeast corner unit flooded with natural light! This spacious home features fresh paint, brand-new appliances, hardwood floors, 42" cabinets, granite countertops, and in-unit washer/dryer. Floor-to-ceiling windows showcase spectacular city and lake views. Enjoy luxury living with full-service amenities including a 24-hour doorman, fitness center, dog run, outdoor pool, and expansive sun deck. Unbeatable location-just a short stroll to the lakefront, parks, museums, shopping, and public transit. Indoor heated parking available for $30,000. Building Reserves:$2,380,480.80. No rental cap. Owners must reside in the unit for min. 2 yrs prior to leasing. No short-term or Airbnb rentals. Lease term minimum 6 months.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,467
Year Built
- Built in 2004 | Remodeled in 2025
HOA Fees
- $875 Monthly HOA Fees
Parking
- 1 Car Garage
- Circular Driveway
Home Design
- Stone Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 1,298 Sq Ft Home
- 1-Story Property
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Water Views
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 2 Full Bathrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Accessible Home Design
- Wheelchair Access
- Accessibility Features
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, doorman, tv/cable, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 228 Units
- Angela Page Association
- Property managed by First Service
Amenities
- Doorman
- Sundeck
- Elevator
Recreation
- Fitness Center
- Community Pool
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
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 | $8,253 | $39,551 | $2,567 | $36,984 |
| 2023 | $8,253 | $40,000 | $2,065 | $37,935 |
| 2022 | $8,253 | $40,000 | $2,065 | $37,935 |
| 2021 | $8,067 | $39,999 | $2,065 | $37,934 |
| 2020 | $6,807 | $30,554 | $1,696 | $28,858 |
| 2019 | $7,692 | $38,286 | $1,696 | $36,590 |
| 2018 | $7,563 | $38,286 | $1,696 | $36,590 |
| 2017 | $5,455 | $28,715 | $1,401 | $27,314 |
| 2016 | $5,251 | $28,715 | $1,401 | $27,314 |
| 2015 | $6,193 | $33,794 | $1,401 | $32,393 |
| 2014 | $4,094 | $24,633 | $1,253 | $23,380 |
| 2013 | $4,002 | $24,633 | $1,253 | $23,380 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | For Sale | $400,000 | 0.0% | $308 / Sq Ft |
| 04/15/2017 04/15/17 | Rented | $2,700 | 0.0% | -- |
| 12/02/2016 12/02/16 | For Rent | $2,700 | 0.0% | -- |
| 08/20/2014 08/20/14 | Sold | $415,000 | +9.2% | $320 / Sq Ft |
| 08/01/2014 08/01/14 | Pending | -- | -- | -- |
| 07/28/2014 07/28/14 | For Sale | $380,000 | -- | $293 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $415,000 | None Available | |
| Deed | $360,000 | Cti | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $358,000 | Git |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $276,000 | New Conventional | |
| Previous Owner | $288,000 | New Conventional | |
| Previous Owner | $285,840 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in Chicago, IL
Source: Midwest Real Estate Data (MRED)
MLS Number: 12365740
APN: 17-22-101-043-1110
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