NOT LISTED FOR SALE

Lakeside Tower Condominiums 1600 S Indiana Ave Unit 1407 Chicago, IL 60616

Central Station Neighborhood

Estimated Value: $348,000 - $434,000

2 Beds
2 Baths
941 Sq Ft
2006 Built

Last Sold June 21, 2025

Last sale price $430,000 $457 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,668/month

Highlights

  • Valet Parking
  • Waterfront
  • Elevator
  • Fitness Center
  • Wood Flooring
  • 2-minute walk to Fred Anderson Park

About This Home

As of June 2025

AVAILABLE NOW:

Experience upscale city living in this fully furnished 1 bed, 2 bath private condominium with breathtaking views of Lake Michigan and the Chicago skyline. Simply bring your bags-this South Loop gem offers a spacious open floor plan with a private balcony, in-unit laundry, and a fully equipped kitchen featuring a coffee maker, toaster, cookware, and dinnerware. The generously sized bedroom includes bed linens, a walk-in closet, and a master bathroom, while the open dining area adds both comfort and functionality. The den can provide a study or gaming area. Large floor windows fill the home with natural light throughout the day, creating a bright and welcoming atmosphere. This full-amenity building includes a fitness center, rooftop deck, and secured garage parking. Rent includes water, gas, scavenger, internet access, exercise facilities, and one indoor parking space. Enjoy being just steps from the lakefront, Soldier Field, Grant Park, local restaurants, cafes, and more

Call Stephen to schedule a tour today! Ref # 12 421700
Stephen John Suominen
Broker
Compass
Listing Courtesy of Goodland Realty Inc

Last Agent to Rent the Property

Ihab Riad

IMB Realty, LLC. License #471016836 Listed on: 05/27/2025

Last Renter's Agent

Jalen Hopson

Kale Realty License #475205590

Kale Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,158

Year Built

  • Built in 2006 | Remodeled in 2018

Lot Details

  • Waterfront

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 941 Sq Ft Home
  • Family Room
  • Combination Dining and Living Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Listing and Financial Details

  • Property Available on 7/1/25
  • Rent includes cable TV, gas, heat, water, scavenger, security system, exterior maintenance, lawn care, storage lockers, snow removal

Community Details

Overview

  • 230 Units
  • High-Rise Condominium
  • 19-Story Property

Amenities

  • Valet Parking
  • Elevator
  • Package Room
  • Community Storage Space

Recreation

  • Bike Trail

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$6,158

Year Built

Built in 2006 | Remodeled in 2018

Lot Details

0

Parking

1

Rental Info

  • Available Date: 2025-07-01
  • Board Approval: No
  • Board Number: 10
  • Pets Allowed (Y/N): No
  • Rental Price: 2800
  • Security Deposit: 1 MN.
  • Is Parking Included in Price: No
  • Fees/Approvals: Move-in Fee,Move Out Fee,Refundable Damage Deposit

Listing Details

  • Property Type: Residential Lease
  • Property Type: Residential Lease
  • Type Attached: Condo,High Rise (7+ Stories)
  • EntryLevel: 14
  • Property Attached: Yes
  • Property Sub-Type: Condo,High Rise (7+ Stories)
  • Year Built: 2006
  • Age: 16-20 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • MRD_WaterViewYN: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 19
  • Year Renovated: 2018

Interior Features

  • Appliances: Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: None
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 2
  • LivingArea: 941
  • Other Equipment: TV-Cable, Fire Sprinklers, CO Detectors
  • Room Type: No additional rooms
  • Stories Total: 19
  • Bathroom Amenities: Separate Shower,Double Sink
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Dining Room: Combined w/ LivRm
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick, Glass, Stone
  • List Price: 2800
  • View: Water
  • Waterfront: Yes

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Garage Door Opener, Heated Garage, On Site, Attached, Garage
  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Amenities: Bike Room/Bike Trails, Elevator(s), Exercise Room, Storage, Health Club, On Site Manager/Engineer, Receiving Room, Valet/Cleaner
  • Rent Includes: Cable TV, Gas, Heat, Water, Scavenger, Security System, Exterior Maintenance, Lawn Care, Storage Lockers, Snow Removal
  • Management: Manager On-site

Schools

  • Middle/Junior School District: 299

Lot Info

  • Lot Dimensions: COMMON

Multi Family

  • Units in Building: 230

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2008
Sold by
Riad Ihab and Riad Maggie
Bought by
Imbv Llc
Current Estimated Value
$396,158

Purchase Details

Closed on
Jul 26, 2006
Sold by
1600 Lakeside Llc
Bought by
Riad Ihab and Riad Maggie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.87%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Imbv Llc -- Cti
Riad Ihab $334,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Imbv Llc $253,483
Previous Owner Riad Ihab $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Off Market $2,800 -- --
07/30/2025 07/30/25 For Rent $2,800 0.0% --
06/28/2025 06/28/25 Off Market $2,800 -- --
06/21/2025 06/21/25 Sold $430,000 0.0% $517 / Sq Ft
05/29/2025 05/29/25 For Rent $2,800 0.0% --
03/13/2025 03/13/25 For Sale $399,999 0.0% $481 / Sq Ft
04/30/2019 04/30/19 Rented $2,400 +6.7% --
04/16/2019 04/16/19 For Rent $2,250 -6.3% --
04/02/2017 04/02/17 Rented $2,400 +9.1% --
04/01/2017 04/01/17 Price Changed $2,200 +10.0% $2 / Sq Ft
03/15/2017 03/15/17 Price Changed $2,000 -4.8% $2 / Sq Ft
02/08/2017 02/08/17 Price Changed $2,100 -4.5% $2 / Sq Ft
02/06/2017 02/06/17 Price Changed $2,200 -4.3% $2 / Sq Ft
02/04/2017 02/04/17 For Rent $2,300 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $6,158 $26,092 $2,410 $23,682
2023 $6,002 $29,093 $1,939 $27,154
2022 $6,002 $29,093 $1,939 $27,154
2021 $5,867 $29,091 $1,938 $27,153
2020 $5,544 $24,888 $1,592 $23,296
2019 $5,446 $27,104 $1,592 $25,512
2018 $5,354 $27,104 $1,592 $25,512
2017 $4,231 $19,654 $1,315 $18,339
2016 $3,936 $19,654 $1,315 $18,339
2015 $3,602 $19,654 $1,315 $18,339
2014 $2,770 $14,928 $1,177 $13,751
2013 $2,715 $14,928 $1,177 $13,751
Source: Public Records

Agents Affiliated with this Home

  • Ihab Riad

    Landlord's Agent in 2025

    Ihab Riad

    IMB Realty, LLC.

    (847) 577-9477

    2 in this area

    20 Total Sales

    Ihab Riad
    Section Image

  • D

    Buyer's Agent in 2019

    Dan Spector

    Worth Clark Realty

    (312) 385-9550

    15 Total Sales

    Dan Spector
    Section Image
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About Lakeside Tower Condominiums

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12376259

Midwest Real Estate Data (MRED)

APN: 17-22-302-107-1097

Illinois Cook County Chicago 60605 Central Station

1600 S Indiana Ave Unit 1407, Chicago, IL

This home is located at 1600 S Indiana Ave Unit 1407, Chicago, IL 60616 since 27 May 2025 and is currently priced at $396,158. This property was built in 2006. 1600 S Indiana Ave Unit 1407 is a home located in Cook County with nearby schools including South Loop Elementary School, Wendell Phillips Academy High School, and Perspectives Chtr - Joslin Campus.

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