1617 S Michigan Ave Unit 202 Chicago, IL 60616
Central Station NeighborhoodEstimated payment $3,129/month
Highlights
- Wood Flooring
- Resident Manager or Management On Site
- Central Air
- Bonus Room
- Laundry Room
- 3-minute walk to Fred Anderson Park
About This Home
Discover this rare timber and brick loft in the vibrant South Loop neighborhood of Chicago, offering a perfect blend of historic charm and modern living. Located at 1617 S Michigan Ave, this unique 1,800 sq ft condo in the Studebaker Corner Lofts combines original architectural features with contemporary updates, making it a standout in today's market. Originally a Studebaker showroom, this spacious, two-bedroom+den loft boasts stunning barrel ceilings, a massive light monitor that floods the space with natural light, and beautiful original hardwood floors. The adaptable layout provides limitless possibilities for customization, ideal for those seeking a creative, open-concept home. Key features include an updated bathroom with a stylish vanity, an in-unit stackable washer and dryer, and a well-appointed open kitchen with a large peninsula and gas range-perfect for entertaining. The generous living area offers plenty of room for both relaxing and hosting guests. Enjoy outdoor parking for one vehicle included in the sale and a welcoming community of homeowners who appreciate the loft's unique character. Located just steps from downtown Chicago, this home provides easy access to the best of the South Loop, including Millennium Park, Museum Campus, Grant Park, and numerous dining, shopping, and entertainment options-all in a lively, walkable neighborhood. Additional amenities include centralized air conditioning, a service elevator, and low monthly HOA dues of approximately $420, covering water, building maintenance, snow removal, and more. No rental restrictions make this an excellent opportunity whether you're looking to buy your dream home or an investment property. Don't miss this chance to own a piece of Chicago history in one of the city's most sought-after neighborhoods. Schedule your visit today and make this exceptional loft yours!
Listing Agent
@properties Christie's International Real Estate License #475212791 Listed on: 10/21/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,948
Year Renovated
- 2000
Lot Details
- Additional Parcels
HOA Fees
- $421 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
- Brick Exterior Construction
Interior Spaces
- 1,800 Sq Ft Home
- 3-Story Property
- Family Room
- Combination Dining and Living Room
- Bonus Room
- Laundry Room
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Potential Bedrooms
- 1 Full Bathroom
Parking
- 1 Parking Space
- Off-Street Parking
- Parking Included in Price
Utilities
- Central Air
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
Overview
- Association fees include water, parking, insurance, exterior maintenance, scavenger, snow removal
- 15 Units
- Association Phone (773) 572-0880
- Low-Rise Condominium
- Property managed by Westward360 - Studebaker Corner Lofts
Pet Policy
- Dogs and Cats Allowed
Additional Features
- Service Elevator
- Resident Manager or Management On Site
Map
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 | $5,549 | $33,466 | $19,188 | $14,278 |
| 2023 | $5,370 | $32,184 | $18,000 | $14,184 |
| 2022 | $5,370 | $32,184 | $18,000 | $14,184 |
| 2021 | $5,282 | $32,182 | $17,999 | $14,183 |
| 2020 | $5,065 | $28,319 | $12,681 | $15,638 |
| 2019 | $5,506 | $30,833 | $12,681 | $18,152 |
| 2018 | $6,298 | $35,321 | $12,681 | $22,640 |
| 2017 | $6,163 | $32,004 | $10,476 | $21,528 |
| 2016 | $5,910 | $32,004 | $10,476 | $21,528 |
| 2015 | $5,384 | $32,004 | $10,476 | $21,528 |
| 2014 | $5,999 | $34,901 | $9,373 | $25,528 |
| 2013 | $5,869 | $34,901 | $9,373 | $25,528 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/20/2025 11/20/25 | Pending | -- | -- | -- |
| 11/06/2025 11/06/25 | Price Changed | $389,000 | -2.5% | $216 / Sq Ft |
| 10/21/2025 10/21/25 | For Sale | $399,000 | 0.0% | $222 / Sq Ft |
| 05/17/2018 05/17/18 | Rented | $2,400 | -4.0% | -- |
| 05/14/2018 05/14/18 | Under Contract | -- | -- | -- |
| 04/19/2018 04/19/18 | For Rent | $2,500 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Administrators Deed | $575,000 | Chicago Title | |
| Warranty Deed | $375,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $575,000 | New Conventional | |
| Closed | $300,000 | No Value Available |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12500361
APN: 17-22-302-050-1007
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