Michigan 1400 1400 S Michigan Ave Unit 1504 Chicago, IL 60605
South Loop Neighborhood
2
Beds
2
Baths
1,250
Sq Ft
$672/mo
HOA Fee
Highlights
- Doorman
- Fitness Center
- Wood Flooring
- Water Views
- Landscaped Professionally
- 3-minute walk to Daniel Webster Park
About This Home
As of June 2025MOVE-IN READY! Rarely Available Luxury Corner Unit with Lake & City Views! This stunning 2-bedroom, 2-bathroom corner unit in Michigan Ave Tower II offers a bright and spacious layout with breathtaking lake views and sunny south city views. Located in one of the most sought-after buildings in the South Loop, this southeast-facing home is the perfect blend of style and comfort. The coveted 04-tier floor plan is one of the most desirable in the building, featuring hardwood floors throughout and a large den-ideal for a home office or extra storage space featuring custom built-in features. Enjoy the convenience of a washer and dryer in-unit, as well as a modern kitchen with a brand new refrigerator and oven range, 42" cabinetry, stainless steel appliances, and granite countertops. The kitchen flows seamlessly into the living area, which opens up to a generous south-facing balcony-perfect for grilling and entertaining. The primary suite boasts a spacious walk-in closet and a luxurious ensuite bath with a soaking tub and separate walk-in shower. Additional highlights include neutral finishes and window treatments throughout, ensuring a move-in-ready experience. Full Amenity Building Includes Outdoor Pool, Sun Deck, 24 hour Doorstaff, Workout Room, Party Room, Bike room. Situated on Michigan Ave, this home places you right in the heart of the action, with access to all the best dining, shopping, and entertainment that the South Loop has to offer. Walk to concerts & games at Soldier Field, museums, planetarium, lakefront running & bike path, Burnham Harbor, Grant Park, Millennium Park, 12th St Beach, Northerly Island. 2 blocks to the El Train, Trader Joe's, Mariano's, Target & tons of restaurants. Walk to Roosevelt Collection shopping, restaurants (Chicago Firehouse, Victory Tap, Flo & Santos) & movie theatre. Only a few blocks to the Metra Line! Easy access to 290, 90/94 & 55 Expressway. Highly sought-after public & private school options nearby. The South Loop public school is highly sought after in Chicago! The low monthly assessments include water, gas, heat, ac, cable, scavenger and parking. The unit comes with one storage locker and garage parking is available for an additional $30,000. Don't miss out on this rare opportunity to own a piece of luxury in one of Chicago's hottest buildings!
Last Agent to Sell the Property
Jameson Sotheby's Intl Realty License #471018537 Listed on: 04/09/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,412
Year Built
- Built in 2008
Lot Details
- Landscaped Professionally
- Additional Parcels
HOA Fees
- $672 Monthly HOA Fees
Parking
- 1 Car Garage
- Parking Included in Price
Home Design
- Concrete Block And Stucco Construction
Interior Spaces
- 1,250 Sq Ft Home
- Built-In Features
- Entrance Foyer
- Family Room
- Combination Dining and Living Room
- Storage
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- Main Floor Bedroom
- Walk-In Closet
- Bathroom on Main Level
- 2 Full Bathrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Listing and Financial Details
- Homeowner Tax Exemptions
Community Details
Overview
- Association fees include heat, air conditioning, water, gas, parking, insurance, security, doorman, tv/cable, clubhouse, exercise facilities, pool, exterior maintenance, lawn care, scavenger, snow removal
- 270 Units
- Tricia Faust Association, Phone Number (312) 329-8395
- High-Rise Condominium
- Property managed by GNP Realty Partners, LLC
- 28-Story Property
Amenities
- Doorman
- Sundeck
- Party Room
- Elevator
- Service Elevator
- Package Room
Recreation
- Bike Trail
Pet Policy
- Dogs and Cats Allowed
Security
- Resident Manager or Management On Site
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
May 29, 2025
Sold by
Pannek Cynthia
Bought by
Lawrence Sade M
Seller's Agent
Lauren Schuh-Dayton
Jameson Sotheby's Intl Realty
Buyer's Agent
Erinn Hutkin
Fulton Grace Realty
List Price
$4,300,000
Sold Price
$455,000
Premium/Discount to List
-$3,845,000
-89.42%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-93.82%
Original Mortgage
$432,250
Outstanding Balance
$431,512
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$170,750
Purchase Details
Listed on
Apr 28, 2016
Closed on
Jul 5, 2016
Sold by
Ah Nodzenski Adam X and Ah Ri Young
Bought by
Pannek Edward and Pannek Cynthia
Seller's Agent
Gary Lucido
Lucid Realty, Inc.
Buyer's Agent
Lauren Schuh-Dayton
Jameson Sotheby's Intl Realty
List Price
$484,850
Sold Price
$470,500
Premium/Discount to List
-$14,350
-2.96%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.38%
Similar Homes in Chicago, IL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $455,000 | Chicago Title | |
| Warranty Deed | $470,500 | North American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $432,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2025 06/02/25 | Sold | $455,000 | +5.8% | $364 / Sq Ft |
| 05/04/2025 05/04/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | Price Changed | $430,000 | -90.0% | $344 / Sq Ft |
| 04/09/2025 04/09/25 | For Sale | $4,300,000 | +813.9% | $3,440 / Sq Ft |
| 07/11/2016 07/11/16 | Sold | $470,500 | -3.0% | $373 / Sq Ft |
| 05/30/2016 05/30/16 | Pending | -- | -- | -- |
| 04/28/2016 04/28/16 | For Sale | $484,850 | -- | $385 / Sq Ft |
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 | $635 | $3,334 | $193 | $3,141 |
| 2023 | $619 | $3,000 | $156 | $2,844 |
| 2022 | $619 | $3,000 | $156 | $2,844 |
| 2021 | $605 | $2,999 | $156 | $2,843 |
| 2020 | $730 | $3,276 | $127 | $3,149 |
| 2019 | $717 | $3,567 | $127 | $3,440 |
| 2018 | $705 | $3,567 | $127 | $3,440 |
| 2017 | $493 | $2,292 | $100 | $2,192 |
| 2016 | $459 | $2,292 | $100 | $2,192 |
| 2015 | $420 | $2,292 | $100 | $2,192 |
| 2014 | $413 | $2,225 | $38 | $2,187 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Lauren Schuh-Dayton
Jameson Sotheby's Intl Realty
(312) 216-8000
10 in this area
147 Total Sales
-
B
Seller Co-Listing Agent in 2025
Burt Bhairoo
Jameson Sotheby's Intl Realty
(312) 751-0300
8 in this area
93 Total Sales
-
E
Buyer's Agent in 2025
Erinn Hutkin
Fulton Grace
(805) 901-2656
1 in this area
9 Total Sales
-
G
Seller's Agent in 2016
Gary Lucido
Lucid Realty, Inc.
-
D
Seller Co-Listing Agent in 2016
Denise Mitchell
Lucid Realty, Inc.
About Michigan 1400
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12332963
APN: 17-22-107-080-1323
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