C
Landlord's Agent in 2025
Carol Kim
Chicagoland Brokers Inc.
(224) 805-0898
75 Total Sales
Michigan Avenue Tower 1 1250 S Michigan Ave Unit 703 Chicago, IL 60605
South Loop Neighborhood
1
Bed
1
Bath
853
Sq Ft
$352
Price per Sq Ft
Highlights
- Doorman
- 3-minute walk to Roosevelt Station (Green, Orange Lines)
- Lock-and-Leave Community
- South Loop Elementary School Rated 9+
- Fitness Center
- 4-minute walk to Daniel Webster Park
About This Home
As of August 2025Stunning Northeast Lake Michigan Views of Chicago's Iconic Landmarks! Enjoy breathtaking views of Grant and Millennium Park, Lake Michigan, Navy Pier, the Museum Campus, and the unmatched Chicago skyline-all from your home! This exceptional unit overlooks the best pool in the city, located on the beautifully landscaped 7th floor with lush Kentucky bluegrass. Because the unit faces the pool deck, you'll never have another building obstructing your view or natural light-guaranteeing open, sunny skies year-round. The unit is renovated, Newer Samsung stainless steel appliances installed (refrigerator, stove, microwave, dishwasher). Newer central HVAC New wood laminate flooring throughout Updated bathroom with modern vanity and tile flooring Recessed LED light fixtures and fresh paint. Stylish glass tile kitchen backsplash Granite countertops with oversized breakfast bar 42" white cabinetry offering generous storage. The spacious primary bedroom includes a walk-in closet and additional storage space. In-unit laundry provides convenience, and both the living room and bedroom offer access to a private balcony-perfect for grilling or relaxing. Building Amenities & Location This full-amenity building features: 24-hour door staff and on-site management. Newly renovated hallways and common areas State-of-the-art fitness center Outdoor pool and dog run, Personal parking space included HOA Covers; Parking, cable, water, door staff, pool, fitness center, elevator, and maintenance. Located just blocks from the Roosevelt CTA station, Trader Joe's, Target, Jewel-Osco, and more-making city living convenient and walkable. This move-in-ready home offers luxury, comfort, and unbeatable views.
Last Agent to Rent the Property
Chicagoland Brokers Inc. License #475127498 Listed on: 08/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,233
Year Built
- Built in 2005
Parking
- 1 Car Garage
Home Design
- Property Attached
- Entry on the 7th floor
- Concrete Block And Stucco Construction
Interior Spaces
- 853 Sq Ft Home
- Central Vacuum
- Recessed Lighting
- Family Room
- Living Room
- Dining Room
- Wood Flooring
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Potential Bedroom
- 1 Full Bathroom
Outdoor Features
- Balcony
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Property Available on 8/12/25
- Rent includes gas, heat, water, parking, pool, scavenger, security, doorman, exterior maintenance, lawn care, snow removal, internet
Community Details
Overview
- 229 Units
- Lock-and-Leave Community
- 28-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Elevator
- Service Elevator
- Community Storage Space
Recreation
- Fitness Center
- Community Pool
- Park
- Bike Trail
Pet Policy
- No Pets Allowed
Security
- Security Service
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 24, 2005
Sold by
1250 S Michigan Lp
Bought by
Kim Ilsoo and Kim Jeong Hyun
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,550
Outstanding Balance
$82,731
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$217,351
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kim Ilsoo | $314,000 | Git | |
| Schmidt Richard A | $214,000 | Git |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schmidt Richard A | $167,550 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Rented | $2,990 | 0.0% | -- |
| 08/14/2025 08/14/25 | Price Changed | $2,990 | +11.2% | $4 / Sq Ft |
| 08/12/2025 08/12/25 | For Rent | $2,690 | +25.1% | -- |
| 08/10/2021 08/10/21 | Rented | -- | -- | -- |
| 08/05/2021 08/05/21 | For Rent | $2,150 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
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 | $4,233 | $20,366 | $1,322 | $19,044 |
| 2023 | $4,126 | $20,000 | $1,063 | $18,937 |
| 2022 | $4,126 | $20,000 | $1,063 | $18,937 |
| 2021 | $4,034 | $19,999 | $1,063 | $18,936 |
| 2020 | $3,505 | $15,733 | $873 | $14,860 |
| 2019 | $3,961 | $19,714 | $873 | $18,841 |
| 2018 | $3,894 | $19,714 | $873 | $18,841 |
| 2017 | $3,183 | $14,785 | $721 | $14,064 |
| 2016 | $2,961 | $14,785 | $721 | $14,064 |
| 2015 | $3,189 | $17,401 | $721 | $16,680 |
| 2014 | $2,353 | $12,684 | $645 | $12,039 |
| 2013 | $2,307 | $12,684 | $645 | $12,039 |
Source: Public Records
Agents Affiliated with this Home
-
Carol Kim
-
Nicole Huber
N
Tenant's Agent in 2025
Nicole Huber
Coldwell Banker Real Estate Group
(847) 232-8311
1 Total Sale
-
Diane McKenzie
D
Buyer's Agent in 2021
Diane McKenzie
Midwest Heritage R.E., LTD
(708) 544-5003
11 Total Sales
About Michigan Avenue Tower 1
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12444115
APN: 17-22-101-043-1023
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